JOHN HENRY, Efquire, Governor.

1797.

rod Sherman and Henry Slagle, be and they are hereby appointed for taking one
hundred fhares of Hanover-town, and that Balzer Spangler, George L. Lifter,
Borus Fornesftock and Thomas Thomburgh, be and they are hereby appointed
for taking one hundred and twenty fhares at York-town; and that George Nace,
Elexis Lemmon and George Carlinger, be and they are hereby appointed for
taking fixty fhares at George Nace's tavern; and that the faid fubfcriptions fhall
be opened on the fecond Monday in March next, of which four weeks pre-
vious and fucceffive notice fhall be given in the city of Baltimore, Frederick-
town, Elizabeth town, Eafton and Annapolis news-papers; at which refpective
times and places fome or more of the faid managers fhall attend, and the fub-
fcription books fhall be continued open until the capital aforefaid fhall be fub-
fcribed, and on the completion thereof, a juft and true lift of all the fubfcribers,
with the fhares fubfcribed by each, fhall be made out and returned by the faid
managers, under their hands, to the clerks of Baltimore and Frederick county
courts, who are hereby feverally authorifed and directed to record the fame
among the land records of their refpective counties; and an attefted copy of fuch
records, and feal of their office, or either of them, fhall in all cafes be fufficient
evidence of fuch fubfcription.

C H A P.
LXX.

III. And be it enacted, That as foon as one thoufand fhares fhall be fub-
fcribed, the perfons hereby empowered to take in fubfcriptions, or a majority of
them, may call a meeting of the fubfcribers at the city of Baltimore, after not
lefs than four weeks fucceffive notice in the city of Baltimore, Frederick-town,
Elizabeth-town, Eafton and Annapolis news-papers; and the fubfcribers affem-
bled in confequence of fuch notice fhall choofe, by ballot, from among the fub-
fcribers, by a majority of the votes of fuch as fhall be prefent in perfon, or by
proxy, twelve directors for the term of one year thereafter, and on the fame day
annually, for ever thereafter, a like election fhall be made; and in cafe of refufal,
death, refignation, difqualification, or removal out of the ftate, of any director,
the remaining directors, at their meeting thereafter, fhall elect, by ballot, another
perfon qualified as aforefaid in his place for the refidue of the year; the directors,
or any feven of them, fhall, at the firft meeting after every general election, elect,
by a majority of the members prefent, by ballot, from among the ftockholders,
a prefident, who fhall, whether a director or not, be thereupon entitled to all
the powers and privileges of one, and if he was before a director, another direc-
tor fhall be elected as aforefaid, fo as to keep up the number of directors pre-
fcribed by this act, exclufive of the prefident; and in cafe of refufal, death, re-
fignation, difqualification, or removal out of the ftate, of the prefident, the di-
rectors fhall meet, as foon as conveniently can be thereafter, and elect another
perfon for prefident, in the manner before directed.

A meeting
may be call-
ed, &c.

IV. And be it enacted, That the ftockholders in the faid company fhall be
and they are hereby incorporated, and conftituted a body politic, by the name of
The Prefident, Directors and. Company, of the Rifter's-town Turnpike Roads,
and by the fame name fhall have fucceffion during the continuance of this incor-
poration; and the faid ftockholders, and their fucceffors, by the name aforefaid,
may fue and be fued, anfwer and be anfwered, in any court of law or equity in
this ftate, and may do and execute every other matter, and thing, by the name

aforefaid, that they are authorised to do in virtue of this act, and fhall have
power to make a feal, and alter, or break and renew the fame, according to
their will and pleafure.

Stockholders
incorporated,
&c.

V. And be it enacted, That after the faid directors fhall be appointed, they
fhall have full power and authority to receive fubfcriptions for all unfubfcribed or

vacant fhares and thereupon the powers heretofore vefted in the managers for
taking in fubscriptions fhall ceafe; and that there be a meeting of the directors

quarterly, for the purpofe of regulating the affairs of the corporation any feven
of whom to make a board, and that the board have power to adjourn from time
to time; and the prefident, or any three of the directors, may call a fpecial
meeting at any other time they may think neceffary.

Directors to
receive fub-
fcriptions,

&c.