T. WATKINS LIGON, ESQUIRE, GOVERNOR.

421

White Hall, Jarrettsville and La Grange Turnpike
Company hereby incorporated, which said capital
stock shall consist of twelve hundred shares of twen-
ty-five dollars each, 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 opening 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 appointed in his or their
stead by a majority of the remaining commission-
ers.

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 company by the name of the White Hall, Jarretts-
ville and La Grange Company, and by that name
shall be capable in law of purchasing, holding, sell-
ing, leasing and conveying estates, real, personal
and mixed, so far as shall be necessary for the pur-
poses 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 common
seal, which they shall have power to alter or renew
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 pur-
poses mentioned in this act.

Declared to
be a corporate
body.

SEC. 3. And be it enacted, That upon such sub-
scription there shall be paid at the time of sub-
scribing 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 pres-
ident and directors of said company; and if any sub-
scriber shall fail or neglect to pay any instalment or
part of said subscription thus demanded 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 may be sold by
the said president and directors for the benefit of the
company, but the president and directors may remit
any such forfeiture on such terms as they shall deem
proper.

Instalments.

SEC. 4. And be it enacted, That at the expiration
of the days for which the books are first opened, if
one hundred shares of twenty-five dollars each, of

Books to be
opened.