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Dec. Ses. 1817.
Bodies politic
authorised to
subscribe
Books to be
open 3 days
Two and a half
dolls. on each
share to be
paid at time of
subscribing.
Subscribers
incorporated--
style—effect in
law.
President and
directors, their
powers
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Lowndes, in the town of Bladensburgh, or such of them as will
consent to act, be and they are hereby appointed commissioners,
and they, or a majority of them, in each place, are hereby autho-
rised and empowered to open subscriptions on the first Monday in
May next, in each of the several places aforesaid, for stock not
exceeding eight hundred thousand dollars, in shares of fifty dollars
each, for the purpose of making a canal from the point on the Severn
river, to the navigable water of Curtis's creek, or other more con-
venient tide water of the Patapsco, and also from a point on the
Severn river to the Eastern Branch; and said commissioners shall
give thirty days notice in the newspapers published in Baltimore,
Washington and Annapolis, previously to the first Monday in May
aforesaid, of the place where such subscriptions shall be received.
2. And be it enacted, That all individuals and bodies politic and
corporate, be and they are hereby authorised and empowered to
subscribe for such amount of said stock as they may think proper.
3. And be it enacted, That the said commissioners shall keep the
said subscription books open on the day which is herein before ap-
pointed, and for the two succeeding days, from ten o'clock in the
morning till four in the afternoon.
4. And be it enacted, That every subscriber, at the time of sub-
scribing, shall pay to the commissioners of the place at which he
shall subscribe, on each share subscribed, the sum of two and a
half dollars, for which the said commissioners shall give a certifi-
cate as the evidence of such subscription and payment.
5. And be it enacted, That the subscribers aforesaid, and such as
may according to the provisions herein after contained become
stockholders, and their successors, shall be and they are hereby
made and declared to be a body politic and corporate, under the
name of The President and Directors of the Washington and Bal-
timore Canal Company, and by that name shall be and are hereby
made capable in law to have, purchase, receive, possess and enjoy,
to them and their successors, lands, tenements, hereditaments,
goods, chattels and effects, of what kind, nature or quality soever,
and the same to grant, demise, convey and dispose of; to sue and
be sued, plead and be impleaded, answer and be answered, defend
and be defended, in any court of record, or any place whatever;
and also to make, have and use, a common seal, and the same to
break, alter and renew at pleasure; and also to ordain, establish,
and put in execution, such by-laws, ordinances and regulations, as
shall seem necessary and convenient for the government of said
corporation, and the management and conduct of their affairs, pro-
vided the same be not contrary to law and the constitution of the
State.
6. And be it enacted, That the persons heretofore appointed to
act as commissioners in the city of Annapolis shall, after the said
subscriptions are closed, and the same are returned by the other
commissioners, (which they are hereby directed to do as soon as
it can be done) shall give eight days notice in the public newspa-
pers in Baltimore, Annapolis and Washington, to the subscribers,
to assemble at some place in the city of Annapolis on a day by
them to be appointed, to elect twelve directors, which said direc-
tors shall, as soon after their election as may be, proceed to elect
from among the stockholders a fit and proper person to be presi-
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