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by action of debt, or action on the case, in any court of judi-
cature of this state, or by warrant before any magnate here-
of, which action shall in every instance be considered as trans-
itory in its nature, and shall and may be triable in any county
of this
13. AND BE IT ENACTED, That it shall not be lawful
for the said corporation to enter into any negotiations on bills
or notes, nor to deal in exchange, discount, or other commer-
cial banking operations, and dividend, of the profits of he
stock shall be annually made, reserving only, at the discretion
of the directors, such proportion as they, or a majority of
stockholders shall deem sufficient for maintaining and support-
ing the works necessary to promote or attain the object, of
this incorporation; and if the said corporation shall not carry
into effect the intention, of this act within five years from the
passage thereof, in that case all the powers hereby vested in
them shall cease and determine.
CHAPTER. 91.
An act to incorporate a company to make a turnpike road from
the west end of the village of Liberty Town, to intersect
the Baltimore and Reister's Town Turnpike Road, at or
near the west end of the town of Westminster.
Sec. 1. BE IT ENACTED by the General Assembly of Mary-
land That a company shall be incorporated to make a turn-
pike road from the west end of the village of Liberty Town to
Intersect the Baltimore ami Reister's own Turnpike Road at
or near the west end of the town of Westminster.
2. AND BE IT ENACTED. That subscription books
shall be opened on or before the first Monday of January eigh-
teen hundred and nineteen at Westminster, at Warner's tavern
on the liberty road, and in Liberty Town, for a capital stock
for said company of seventy thousand dollars, in twenty eight
hundred shares, twenty five dollars each, under the direction of
the following commissioners, or any one of them to wit at
Westminster, by Washington Vanbiber Thomas Wells, and
Thomas Guest; at Warner's tavern, by Alexander Warfield,
Jacob Landis, and Thomas Bond; at Liberty Town, by Robert
Cumming, John Duddero, and Vachel Hammond.
3 AND BE IT ENACTED, That when six hundred
shares of said stock shall have been subscribed, the commis-
sioners shall give twenty days public notice of the time and
place appointed for the subscribers to meet to organise said in-
stitution, and to choose by a plurality of votes, by ballot a
president and eight managers, (five of whom shall form a quo-
rum,) a treasurer, and such other officers as they shall deem
necessary to conduct the affairs of the company, until the first
Monday in January thereafter, and until a new election, and to
make such by-laws as they shall deem necessary, and or, the
first Monday of January in every year, or within ten days
thereafter, said company shall meet for the same purposes, at
such place as the president and managers shall appoint; and in
all elections by stockholders each share shall be entitled to one
vote but no person or company shall have more than ten votes.
4. AND BE IT ENACTED, That the stockholders in
said company shall be and are hereby created and erected into
a body corporate and politic, by the name and style of the
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dec. Sess.
1815.
Dividends.
Passed Jan.
15, 1816.
Location.
Subscription.
Election of
president and
managers.
Style—ef-
fect in law.
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