LEVIN WINDER, ESQ. GOVERNOR

share so subscribed, out of which shall be deducted
the expence attending the taking of such subscriptions,
and all other incidental charges, and the residue shall
be deposited in one of the banks of Baltimore, for the
use of the said company, which the president and man-
agers thereof may draw out when the said company
shall be organized.

1812.

2. AND BE IT ENACTED, That when five
hundred shares of the said stock shall be subscribed
for, the before mentioned managers shall, as soon as
conveniently may be, give twenty days notice in
the news-papers as aforesaid, of the time and place
by them appointed for the subscribers to meet, in
order to organize the said corporation, and to choose
out of the company, by a majority of votes of the
said subscribers, by ballot, to be delivered in per-
son, or by proxy duly authorised, a president, six
managers, one treasurer, and such other officers as
shall be deemed necessary to conduct the business
of the said company until the first Tuesday in Octo-
ber next, and until like officers shall be hereafter cho-
sen; and make such by-laws, rules, orders and reg-
ulations. as do not contravene the constitution or the
laws of this state, or of the United States, and may be
necessary for the well governing the affairs of the said

500 shares be-
ing subscribed
for, managers
shall give no-
tice of meeting
to organize
the corpora-
tion, &c.

company: Provided always, That no person shall
have more than twenty votes in any election, or in de-
termining any question arising at such meeting, what-
ever number of shares he, she or they may be entitled
to; and that each person be entitled to one vote for
each share so held under the number of twenty.

Proviso.

3. AND BE IT ENACTED, That the stock hol-
ders in the said company shall be, and they are here-
by incorporated and constituted a body politic, by the
name of the President, Managers and Company of the-
Washington and Baltimore turnpike road; and by the
same name the said subscribers and their successors,
shall have succession during the continuance of this
incorporation, and shall have ail the privileges and
franchises of, or incident to a corporation, and shall
be capable of taking and holding the said capital stock,
and the increase and profits thereof, and of enlarging
the same from time to time by new subscriptions, on
the original terms, and in such manner and form as
they shall think proper, if such enlargement shall be
found necessary to fulfil the intent of this act; and pur-
chasing and taking to them and their successors, in fee-
simple, and for any lesser estate, all such lands, tene-
ments, hereditaments and estate, real and personal, as

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