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Dec. Ses. 1816.
Subscribers to
meet in order
to organize in-
stitution.
Company in-
corporated.
Payments.
Direction of
road.
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mas A. Hays, and Samuel Bradford; at Bald Friar Ferry,
by Jacob Job, Jacob Conrad, and James L. Porter; at the Ris-
ing Sun, by George W. Lightner, William Preston, and Joseph
Moore; and at Oxford, by James Jackson, Aaron Quinby, Da-
vid Dickey, and Phineas Ash; who, or a majority of them, in
either district, shall meet at such time as they shall appoint, they
giving thirty days previous notice in the Baltimore, Lancaster,
and West-Chester newspapers, and if the subscription shall ex-
ceed the capital, the commissioners shall apportion the same
among the subscribers by proportional deductions, so that the
whole be reduced to the proper limit, but if the said subscripti-
ons shall not bo filled up on the first day, the commissioners
aforesaid may adjourn from day to day; and at any time af-
ter the first day if the subscriptions shall be complete, the. com-
missioners shall close the books; Provided, that there, shall be
paid to said commissioners at the time of subscribing, one dollar
on each share which shall be subscribed.
3. And be it enacted, That when two hundred and fifty shares
of the said stock shall have been subscribed, the commissioners
shall give twenty days public notice of the time and place ap-
pointed for the subscribers to meet to organize said institution,
and to choose, by a plurality of votes, by ballot, a president and
eight managers, (five of whom shall form a quorum), 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 on the first Monday in Janu-
ary 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 compa-
ny shall have more than ten votes.
4. And be it enacted, That the stockholders in said company
shall be, and they are hereby created and erected into a body politic
and corporate, by the name and style of The Conowingo Turnpike
Company, and by the same name shall have perpetual succession,
and all the privileges and franchises incident to a corporation,
and shall be capable of suing and being sued, answering and be-
ing answered, and of enlarging the stock by new subscriptions,
if the same shall be found necessary.
5. And be it enacted, That the sums so subscribed, shall be
paid to the president and managers aforesaid, in such sums and
at such times as they may appoint, giving two months public
notice of the payments required.
6. And be it enacted, That the president and managers be and
they are hereby authorised to appoint five commissioners, who,
or a majority of whom agreeing, shall lay out the road from the
site of Conowingo Bridge, in Cecil county aforesaid, to the
Pennsylvania line, to intersect a turnpike to be made from
Philadelphia via New-London Cross Roads to the said line, on
as straight a line as the nature of the ground and other circum-
stances will admit of, having regard to hills and other obstruc-
tions, and after having laid out and marked said road, they shall
make one plot of the same specifying the courses and distances,
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