66

LAWS OF MARYLAND.

at such times and places as they may direct, for
the purpose of receiving subscriptions to the said
Capital Stock of said Company, after having given

Open books

such notice not less than thirty days in one or
more newspapers published in Washington County,
of the time and places of opening the same,
as they may deem proper; and if such subscrip-
tion to the Capital Stock of said Company as is
necessary for its incorporation, he not previously
obtained, the said books may be opened from time
to time, at the discretion of said Commissioners,
or a majority of them; and if any of said Com-
missioners shall die, resign or refuse to act, another
may be appointed in his stead by the remaining
Commissioners, or a majority of them, and the
said Commissioners shall be the first Directors of
said Company, and shall continue such until their
successors are duly elected and qualified, as here-
inafter mentioned.

Corporations
may subscribe

Sec. 2. And be it enacted, That any individuals
or any corporations incorporated by the laws of
this State, may subscribe for such portion of the
Stock of the said Company as to the said individ-
ual corporation or corporations may seem proper.

Capital stock.

Sec. 3. And be it enacted, That the Capital
Stock of the Antietam Rail Road Company shall be
two hundred thousand dollars, in shares of twenty
dollars each, which said Capital may be increased
at the discretion of the Directors, to be appointed
as hereinafter provided for, to an amount not ex-
ceeding eight hundred thousand dollars; and as
soon as three thousand shares of the Capital Stock
shall be subscribed, the subscribers to the said
Stock and their successors shall be and they are
hereby declared to be incorporated into a Company,
by the name of the Antietam Rail Road Com-

Powers.

pany, and by that name shall be capable in law of
purchasing, holding, selling, leasing, and convey-
ing estates, real, personal and mixed, so far as
shall be necessary for the purpose hereinafter men-
tioned, and no further, and shall have perpetual
succession by said corporate name; may sue and
be sued, and may have and use a common seal,
which they shall have power to alter or renew at
their pleasure, and shall have, enjoy, and may ex-
ercise all the powers, rights and privileges which
are necessary for the purposes mentioned in this Act.