72

LAWS OF MARYLAND.

Dec. Sess.
1814.

Proviso.

in the said books shall amount to the said respective num-
bers aforesaid, the same shall be closed; Provided al-
ways, That every person offering to subscribe in the said
books in his own name, or in the name of any other per-

son, shall, upon subscribing, pay to the attending com-
missioners, one dollar fur every share to he subscribed,
out of which shall be defrayed the expense attending taking
such subscription, and other incidental charges, and the
remainder shall be deposited in the Hager's Town, or Co-
nococheague bank, in the county of Washington, for the
use of the company aforesaid as soon us the same shall
be organized and the officers chosen as herinafter men-
oned.

Election of
president, &c.

3. AND BE IT ENACTED, That when one thou-
sand shares or more of the stock in the said com-
pany shall have been subscribed, the said commissioners
heretofore named shall, as soon as convenient, give
thirty day's notice in the papers aforesaid of the time and
place by ...... ointed for the subscribers to meet, in
order to organize the said corporation, and to choose, by
a majority of votes of the said subscribers, by ballot to be
delivered in person or by proxy duly authorised, a presi-
dent, eight managers, a treasurer, and such other officers
as shall be deemed necessary to conduct the business of
the said company, until the fourth Monday in September

next, and until like officers shall be thereafter chosen, and
make such by-laws, rules, orders and regulations, as do
not contravene the constitution and laws of this state, and
may be necessary for the well governing the affairs of the

Proviso.

said company; Provided always, That no person shall
have more than twenty five votes in any election, or in de-
tertnining any question arising at such meeting, whate-
ver number of shares he, she or they may be entitled to
notwithstanding, and that each person be entitled to
one vote for every share so held under the said number

of twenty five.

Style— powers
and privileges.

4. AND BE IT ENACTED, That the stockholders in
the said company shall be and they are hereby incorpora-
ted and constituted a body politic by the name of The Pre-
sident, managers and company of the Boonsborough turn-
pike road company, and by the same name, the said sub-
scribers and their successors, shall have succession dur-
ing the continuance of this incorporation, and shall, have
all the privileges and franchises of, or incident to a cor-
poration, 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 sub-
scriptions on the original terms, 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
of purchasing and taking to them and their succes-
sors, in fee simple, and for any lesser estate, all such
lands, tenements, hereditament and estate, real and