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Dec. Ses. 1817
Subscribers to
meet to orga-
nize compa-
nies.
Proviso.
Stockholders
incorporated.
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the same shall be taken, as soon as the same shall be organized,
and the officers chosen as herein after mentioned.
3. And be it enacted, That when two thousand five hundred
shares or more of the said stork of the before mentioned com-
pany, and when fifteen hundred shares or more of the, said stock
of the said last before mentioned company, shall have been sub-
scribed, the said commissioners heretofore named for each respec-
tive road shall, as soon as conveniently may be, give thirty days
notice, in the papers aforesaid, of the time and place by them ap-
pointed for the subscribers to meet in order to organize the said
corporation, and to choose, by a majority of votes of the said sub-
scribers, by ballot, to be delivered in person, or by proxy duly au-
thorised, a president, eight managers, a treasurer, and such other
officers as shall be deemed necessary to conduct the business of the
said company until the first day of May eighteen hundred and
nineteen, and until like officers shall be thereafter chosen, and
make such by-Saws, rules, orders and regulations, as do not con-
travene the constitution and laws of this state, and may be neces-
sary for the well governing the affairs of the said company; Pro-
vided always, that no person shall have more than twenty-five.
Totes in any election, or in determining any question arising at
such meeting, whatever number of shares he, she. or they, may be
entitled to notwithstanding, and that each person be entitled to one
vote for every share so held under the said number of twenty-five
shares.
4. And be it enacted, That the stockholders in the said respec-
tive companies shall be and they are hereby incorporated and con-
stituted, two separate and distinct bodies politic, the first before
mentioned by the name of The President, Managers and Compa-
ny, of the Rockville and William's Port Turnpike Road; and the
last before mentioned company, by the name of The President,
Managers and Company, of the Rockville and Washington Turn-
pike Road; and by the same names, the said subscriber?, and their
successors, shall have perpetual succession, and shall have all the
privileges and franchises of, or incident to a corporation, and shall
be capable of taking and holding the said capital stock and the in-
crease and profits thereof, and of enlarging the same from time to
time by new subscriptions on the original terms, in such manner
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 biking to them, and their successors, in fee simple, and for
any lesser estate, all such lands, tenements, hereditaments, and es-
tate real and personal, as shall he necessary to them in the prose-
cution of their works, provided the said real estate shall not ex-
ceed twenty acres in any one lot or parcel, and of suing and being
sued, answering and being answered, and the said company shall
have power to make a seal, and alter and break and renew the
same according to their will and pleasure.
5. And be it enacted, That the sums so subscribed shall be paid
to the managers elected agreeably to this act, in the manner fol-
lowing, to wit: one fourth part thereof, (including the one dollar
paid to the commissioners at the time of subscribing) at the end of
one month after the election of managers, and the remainder in
such sums and at such times as the managers may appoint, they
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