T. WATKINS LIGON, ESQUIRE, GOVERNOR.

325

CHAPTER 245.

AN ACT to incorporate the Towsontown Plank Road

Company.

Passed
Mar. 10, 1854.

SECTION 1. Be it enacted by the General Assembly
of Maryland, That Solomon Hillen, Jun., John Gib-
son, Oliver W. Tredwell, Benjamin N. Payne and
Abraham B. Patterson be, and they hereby appointed
commissioners to take subscriptions to the capital stock
of the Towsontown Plank Road Company hereby in-
corporated, and they or a majority of them may cause
books to be opened at such times and places and for
such period or periods, upon giving such notice as they
may deem expedient, of the times and places of open-
ing the same, for the purpose of receiving subscriptions
to the same; and if any of the commissioners shall die,
resign or refuse to act, another or others may be ap-
pointed in his or their stead by a majority of the re-
maining commissioners.

Commission-
ers appointed.

SEC. 2. And be it enacted, That the subscribers to
said stock, their successors and assigns shall be, and
they are hereby declared to be incorporated into a com-
pany by the name of the Towsontown Plank Road com-
pany, and by that name shall be capable in law of pur-
chasing, holding, selling, leasing and conveying estates,
real, personal and mixed, so far as shall be necessary
for the purposes hereinafter mentioned and no further ;
and shall have succession and by said corporate name
may sue and be sued, and may have and use a com-
mon seal, which they shall have power to alter or re-
new at their pleasure, and shall have and enjoy and
may exercise all the powers, rights and privileges which
other corporate bodies may lawfully do for the purposes
mentioned in this act.

Incorporated.

SEC. 3. And be it enacted, That upon every such
subscription there shall be paid at the time of subscribing
to the said commissioners or their agents, the sum of one
dollar on every share subscribed, and the residue thereof
shall be paid in such instalments and at such times as
it may be required by the president and directors of said
company; and if any subscriber shall fail or neglect to
pay any instalment or part of said subscription thus de-
manded for the space of sixty days next after the time
the same shall be due and payable, the stock on which
it is demanded shall be forfeited to the company, and

Amount to be
paid at time
of subscri-
bing.