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 delivered to the Executives of the several States aforesaid, and to the Secretary of the Treasury of the United States, there shall be appointed by the said Executives and the President of the United States, three commissioners on the part of each State, and the Government of the United States, any one of whom shall be competent to act for his respective government. The said commissioners shall cause books to be opened at such times and places as they shall think fit, in their respective States, and the District of Columbia, under the management of such persons as they shall appoint, for receiving subscriptions to the capital stock of the company hereinafter incorporated; which subscriptions may be made, either in person or by power of attorney; and notice shall be given in such manner as may be deemed advisable, by one or more of the said commissioners, of the time and places of opening the books.

2. And the said commissioners shall cause the books to be kept open at least forty days. And within twenty days after the expiration thereof, shall call a general