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bers by ballot, to be delivered in person, or proxy duly autho-
rised, a president and twelve managers, a treasurer and such
other officers as shall be deemed necessary to conduct the bus-
ness of said company until the third Monday in October next,
and until like officers shall be thereafter chosen, and make such
by-laws, rules and regulations, as do not contravene the consti-
tution and law, of this .tat,, and may be necessary or the well
governing the affairs of said company; Provided always, that
every person shall be entitled to one vote for every share to he
number of ten shares, and one vote for every three shares from
ten to forty shares, and one vote for every five shares over the
number of forty, be the same more or less.
4. AND BE IT ENACTED, That the stockholders in
the said company shall be and they are hereby incorporated and
constituted a body politic, by the name and style of The Balti-
more Liberty and Hagers-Town Turnpike Road Company,
and by the same name the said subscribers and their succes-
sors shall have succession during the continuance of this in-
corporation, and shall have all the privileges and franchises of,
or incident to a corporation and body politic, and shall be capa-
ble of taking and holding 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 man-
ner 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 successors, in fee sim-
ple, and for any lessor estate, all such lands and tenements, he-
reditaments, and estate real and personal, as shall be neces-
sary to them in the prosecution of their works, provided the
said real estate shall not exceed twenty acres of land in any
one lot of land; and of suing and being sued, answering and
being answered and the said company shall have power to
make a seal, and to alter, break and renew the same, accor-
ding to their will and pleasure
5. AND BE IT ENACTED, That the sums subscribed
shall be paid to the managers elected agreeably to this act, in
manner and form following, to wit: one fifth part thereof, in-
cluding the one dollar paid to the commissioners at the time of
subscribing, at the end of one month after the whole number
of shares shall have been subscribed for, and reasonable notice
given in the public papers aforesaid of the time and place
where the same shall be paid; and one fifth in six months there-
after, upon public notice being given as aforesaid, and the re-
mainder in such sums, and at such times as the managers may
appoint, they giving two months notice in the public papers
aforesaid.
6. AND BE IT ENACTED, That the company shall
meet on the third Monday of October next, and on every third
Monday of October in each succeeding year, for the purpose
of choosing such officers as aforesaid for the ensuing year, and
they shall meet at such other times as they shall be summoned,
and in such manner as shall be prescribed by their respective
by-laws, at which annual and special meetings they shall have
all power and authority to make, alter and repeal, by a ma-
jority of votes in manner aforesaid, all such by-laws, rules and
regulations made as aforesaid, and to do and perform any other
corporate act as herein authorised.
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