262

LAWS OF MARYLAND.

and binding as if said stock were subscribed before said
commissioners in the manner prescribed by the second
section of this act.

Organization.

SEC. 4. And be it enacted, That when one third
or more of the shares of said stock shall be subscribed
for, the said commissioners or a majority of them shall
give at least three weeks notice in one or more of the
newspapers of the city of Baltimore, and in one of the
newspapers of the county, of the time and place which
they shall appoint, for the subscribers to meet in order
to organise said company, and to choose by a majority
of the voles of said subscribers by ballot to be voted in
person or by proxy, duly authorised, five managers
from among the stockholders to conduct the business of
said company until the first Monday in January, eigh-
teen hundred and fifty-five, and until their successors
shall be chosen in the manner hereinafter provided, at
which said elections, and on all other questions to be de-
termined by said stockholders, each stockholder shall
be entitled to one vole for every share of slock held by
him, not exceeding thirty shares.

Name of com-
pany.

SEC. 5. And be it enacted, That the subscribers
for the stock of said company shall be, and they are
hereby incorporated and constituted a body politic, by
the name and style, of the Charles Street Avenue
Company, and by the same name the said stockholders
and their successors and assigns, shall have all the pri-
vileges and franchises of or incident to a corporation for
such purpose, and shall be capable of taking and hold-
ing the said capital stock, and the increase and profits
thereof, and of enlarging the same by new subscriptions
on the original terms, if necessary, to fulfil the intent of
this act, and of purchasing and holding to them and
their successors, in fee simple, or for any less estate,
such property and estate, real and personal as shall be
necessary to them in the prosecution of their works ;

Proviso.

Provided, said real estate shall not exceed two acres,
in any one lot or parcel, for the use of a gate keeper,
and of sueing and being sued, in any court of law or
equity in this State; and the said company shall have
power to make a seal, and to alter or destroy, and re-
new the same at their will and pleasure, and to do all
other acts necessary for the purposes for which they are
a incorporated, as fully as any other corporation may do.

Sums subscri-
bed to be paid
managers.

SEC. 6. And be it enacted, That the sums so sub-
scribed shall be paid to the managers elected agreeably
to the provisions of this act, in the following manner,
to wit: one-fourth part thereof inclusive of the one dol-