294

LAWS OF MARYLAND.

three of said commissioners shall attend and shall
permit all persons and corporations who shall of-
fer to subscribe in person or by Attorney, for stock
in said company, in the books, aforesaid, which
shall be kept open for that purpose at least four
hours in every day, for three successive days if
necessary, and if the whole of said capital stock
be not then subscribed for, the said commissioners
may re-open said books at such time and place as
they may think fit, under their direction or that of
any three of them, for further subscriptions from
time to time until the whole of said stock be sub-
scribed for, and every person subscribing for the
stock of said company for himself or by attorney,
shall on subscribing, pay to the attending commis-
sioners one dollar for every share so subscribed out
of which shall be deducted the expenses attending
the taking of such subscription and all the inci-
dental charges; and the residue shall be deposited
in one of the Banks of Baltimore to the credit of
said company subject to the order of the managers
thereof.

Subscriptions
made valid.

SEC. 3. And be it enacted, That all subscriptions
of stock made by any person or corporation in the
presence of any one of the aforesaid commission-
ers, and at any other place or time than the place
or time designated in the notice aforesaid, shall
be deemed as valid and binding as if said stock
were subscribed before said commissioners in the
manner prescribed by the second section of this
act.

Commissioners
to give three
weeks notice.

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 majori-
ty 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 ap-
point for the subscribers to meet in order to or-
ganize said company, and to choose by a majority
of the votes of said subscribers by ballot, to be voted
in person or by proxy, duly authorised, seven man-
agers from among the stockholders to conduct the
business of said company until the first Monday in
January, eighteen hundred and fifty-nine, and un-
til their successors shall be chosen, in the manner
hereinafter provided, at which said election and on