THOMAS H. HICKS, ESQUIRE, GOVERNOR

367

SEC. 4. And be it enacted, That after the first
meeting of the stockholders shall have been held,
as hereinbefore mentioned, there shall be a meet-
ing of the stockholders in the said Company, in
Bel-air, or at such other place as the President
and Directors may appoint, on the first Monday
in January, in each and every year, or within ten
days thereafter, when and where they shall elect
in the manner prescribed in the third section of
this act, a president and five directors, any four of
whom shall be a quorum, a treasurer and such
other officers, as they may deem necessary for the
ensuing year, and until a new election; and may
by a majority of votes present, adopt, add to, alter
and amend such by laws, rules and regulations as
may be necessary for the well governing the af-

President and
Directors to be
elected.

fairs of said Company; Provided, they do not con-
flict with the laws of this State, or of the United

States.

Proviso.

SEC. 5. And be it. enacted, That the sums sub-
scribed to the stock of said Company, shall be
paid to the President and Directors, in the man-
ner and in such instalments, and at such times,
as the said President and Directors may direct and
appoint, they giving at least one month's public
notice of the payment so required.

Subscriptions
to be paid.

SEC. 6. And be it enacted, That the stockhold-
ers in the said Company, shall be and they are
hereby incorporated and constituted a body poli-
tic, by the name of the Bel-air and Hickory Turn-
pike Road Company, and by the same name shall
have succession during the continuance of this
corporation; and the said stockholders and their
successors, by the name aforesaid, may sue and be
sued, answer and be answered, in any court of law
or equity in this State, may have and use a com-
mon seal, which they may alter, change or renew
at pleasure.

Name of Com-
pany.

SEC. 7. And be it enacted, That after the Presi-
dent and Directors are elected, in the manner
hereinbefore mentioned, they shall have full power
and authority to receive subscriptions for all un-
subscribed or vacant shares, and upon the said
election, the powers heretofore vested in the com-
missioners, for receiving subscriptions shall cease;
Provided nevertheless, that when either the capi-
tal stock, or a sum sufficient for the completion of

President and
Directors to
have power and
authority,