|
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s
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Shares
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1867,
|
|
|
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Canton Company,
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500
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Paid on ace' t,
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Jan. 5,
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$500
|
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Western Md. R. R. Co.
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500
|
"
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April 5,
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500
|
|
|
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A. & W. Denmead & Son,
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20
|
"
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Jan. 8?
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20
|
|
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John N. Ely,
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10
|
"
|
Jan. 16,
|
10
|
|
|
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G. K. Tyler,
|
10
|
" "
|
Jan. 16,
|
10
|
|
|
|
Isaac Tyson, Jr. & Son,
|
20
|
"
|
Jan. 26,
|
20
|
|
|
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John W. Randolph,
|
10
|
"
|
March 2,
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10
|
|
|
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S. C. Bump,
|
2
|
"
|
Jan. 16,
|
2
|
|
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John Foss,
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20
|
"
|
Jan. 31,
|
20
|
|
|
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Jesse Remington,
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2
|
"
|
Feb. 26,
|
2
|
|
|
|
James Manderson,
|
10
|
"
|
March 2,
|
10
|
|
|
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Geo. Slothower, Pres't of
|
|
"
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|
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the G. F. R. R. Co.
|
500
|
" "
|
Ap'113,
|
500
|
|
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No. of shares subscribed,
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1604
|
Total cash pd.
|
on act.
|
$1,604
|
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From the foregoing it will be seen that one hundred and
four shares, amounting to ten thousand four hundred dol-
lars, covers the individual and firm subscriptions; the resi-
due is by incorporated companies, there still remaining four
hundred and thirty-nine thousand six hundred dollars of the
authorized capital untaken.
The 5th Section of the Act of 1866, chapter 119, author-
izes the collection of their subscription as other debts are
collected, or the Company may, in its discretion, remit all
subscriptions.
The power to raise money for the construction of the road,
and the method indicated, are found in the 2d, 3d, 5th and
11th Sections of the Act of Incorporation. The Sections are
as follows:
SECTION 2. And be it enacted, That the capital stock of said
Company shall be six hundred thousand dollars, in. shares
of one hundred dollars each; and as soon as fifteen hundred
shares are subscribed, the subscribers, their successors and
assigns, shall be and they are hereby declared to be, incor-
porated into a Company by the name of the Union Railroad
Company of Baltimore, and by that name shall be capable in
law of purchasing, holding, selling, leasing and conveying
estates,, real, personal and mixed, so far as shall be necessary.
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