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who shall on or before the first Monday in May next, procure
books, and in each enter as follows, to wit: We whose names
are hereunto subscribed, do promise to pay to the president and
managers of the Baltimore and Rock Run turnpike road com-
pany, the sum of twenty-five dollars for every share of stock in
said company set opposite to our respective names.
Witness our hands this day of eighteen
hundred and ; and shall give notice in two of the
public papers in Baltimore, and in the newspapers printed in
the borough of Wilmington for one month at least of the times
when and the places where the said books will be open to re-
ceive subscriptions of stock for the said company, at which times
and places, at least two of the said respective commissioners
shall attend, and shall permit and suffer all persons who shall
offer to subscribe in person, or by attorney duly authorised in
the said books, which shall be kept open for that purpose at
least lour hours every day. for the space of three days, if three
days shall be necessary; Provided nevertheless, that the said
commissioners shall not permit any one person or company to
subscribe for more than twenty-five shares in the said company
luring the first day in which the said books shall be opened,
nor more than fifty shares on the second day; and if after the
expiration of the said three days, the said books shall not have
for the said road the lull number subscribed, the said commis-
sioners may adjourn from time to time until the number of shares
shall be subscribed, of which adjournment public notice shall
be given in the papers aforesaid; and when the said subscrip-
tions in the said books shall amount to the said number, the
same shall be closed; Provided always, that every person of-
fering to subscribe in the said book in his own name, or in
the name of any other person, shall upon subscribing pay to the
attending commissioners one dollar for every share to be sub-
scribed, out of which shall be defrayed the expense attending
the taking such subscription and other incidental charges, and
the remainder shall be deposited in such banks as may be most
convenient to the said commissioners for the use of the compa-
ny aforesaid, as soon as the same shall be organized, and the
officers chosen as hereinafter mentioned.
3. AND BE IT EN ACTED, That when one thousand shares
or more of the stock in the said company shall have been sub-
scribed, the said commissioners heretofore named, or a majori-
ty of them, shall, as soon as conveniently may be, give thirty
days notice in the papers aforesaid, of the time and place by them
appointed for the subscribers to meet in order to organize the
said corporation, and to choose, by ballot, fifteen managers,
who, when they shall have been organized by their electing a
president, either from their own body or the stockholders at
large, shall have full power and authority to appoint a treasurer,
and such other officers as shall be deemed by them necessary,
to conduct the business of the said company, and the same to
remove, re-appoint, or their vacancies to fill, at their will and
pleasure. ,
4. AND BE IT ENACTED, That all persons who shall
become subscribers to the said road, their successors and assigns,
shall be and are hereby made a corporation and body politic, by
the name and style of The President, Managers and Company
of the Baltimore and Rock run Turnpike Road, and by the
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Dec. Sess.
1815.
Proviso.
Proviso.
Organization.
Style—privi-
leges.
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