American watchman and Delaware advertiser., 1826-04-14
AN ACT
10 Incorporate the Pennsylvania, Dela,pare and
.Margland Steam Nnrlgatiota Combaa4

Maryland Steam Navigation Company.
Section L. Bci enacted BY the General assembly Of Mary
land. That Thomas Tenant James l. Hawkins George
I,s,on, William Meeteer Charles Bird, Joseph Dugan,
Thomas Fasstt William w. Seaton, Edward T. Bailey,
hn B. Morris, Elisha Tyson, Sheppard c. Leakn, Hugh
u Evans, John Difenderffer, Charles W. Karthaus
arnaud Rubic, James M'Lure, Rca,d Mackubin r. d.
A1iholand, r. G. Cox, Ann Mhoand, John Gooding,
jr Marcus Dennson. Rein Rowles John Caduc Charles
winn, S. L. Fowler, Godfrey Myers, William Masscott,
Jacob Boyer. Samuel D. Watkins J. + Frazier, William
Lowell, Matthew Kelly James Buchanan A Murray &
Co. G. s. & J. r old6ed, Richard Stevens, Parker and
4 Bowerman, j. $. Bridges, william D. M'Kim, Joseph
Mead,, F. W. Iienck, Kizer & Crawl I'd, E. J Coae, j.
Z H. Knight, George Mnoweli. Benjamin Edes, Charles
salmon, Felix jenkins, Alex Fimister, g. & A. Smith,
William Roney, Edward Morgan, Ann Barnes, John
Short, Hesp and Jefferson James Smith, James teybrn
Michael Diiienderfer, Joseph Backwood, d. Smith,
Thomas Welsh Stewart & Bolton, Dobbin, Murphy and
Bose, John Falon, William Sheet, Lewis Gross, jr j. r.
Hoogewerf Thomas 7. Levy, Henry Webb Nicholas Hiss
4 J. Heden James Hi Oman, Ford & Parker IT, w Boo
jr, Cook Margaret Peterson, I. Gallaway, Geddes &
Stewart, Edward Prestly Jacob Daley, A. Steeyer, H.
Niles X. TX. Douglass, Keyser Shsfer Charles Dffen-
4 derHer, lsa Iittler, L. knbal Benjamin G, Benson,
Reverdy Johnson Isaac N. Toy, Henry Miller, John
Ftzerad, John llama, r., William Hanna Henry G.
Jacobsen, George W Fitzgerald John Manly, Anthony
Butler, Josiah Lee Co, Robert Lese Sarah Ann Brown
Richard Griffith, G c. Stiles, E. F. Styles, William Sti es
Hester Stiles, James Stiles, Thomas Atkinson, r. H.
Moae, Henry McArdle. Henry Bareckman William w
Seaton, Joseph Gales, r., Richard White Thompson,
Reilly Thomas and James Fassitt, George Mcdowell, j.
Hurst, William Swain, John Lewis, George Iiufugle,
Daniel Saint, John Adams Lewis Rush. Enoch Aen Henry
Apple, W. $ Hathaway, Isaac Durre, Nevill and jake
henrietta Miller, Samuel and William Meetee their
socaes and assigns be- and they hereby
created and made corporation and body polite, by the
name, style and title of The Pennsylvania Delaware and
Maryland Steam Navigation Company, and by that ame
style and title, shall have perpetual succession, and shall be
able and capable law and be sued plead and 5e
mpeaded, answer and be answered, in any court of law
equity; to make have and SEAL and the
pleasure to change alter and renew, and general
E 10 do all such acts shall be proper and necessary for
the purpose of establishing and conducting line or lines
Of steamboats, vessels and stages carriages bea
Philadelphia and Baltimore, for the conveyance of passen
gers and transportation of merchandise and other articles
Sec 3 And be Il enacted That the capital stock of the
sad corporation shall be divided into shares Of fifty dollars
each and shall exceed thousand such shares in
cudng the shares already subscribed for by the persons
herein before named and Incorporated the residue of the
said number OF shares many OF them as from time TO
time shall be deemed necessary, shall be subscribed for,
disposed Of, from time to time, in such the
resolutions bye laws "ade in pursuance Of his charter,
shall provide direct; each subscriber for
shares of stock, who hath paid or shall pay five dollars
every such share to the of the corporations and every
person who shall obtain b. transfer in whom shall be
vested by law, more shares CT stock shall be deem
cd stocSoder and in virtue thereof member of the
corporation hereby created and shall 50 continue until he
shall to be stockhoder, by trar serrrg all his
her shares of stock by orfctng the the
hereinafter mentioned: and every person
ing be sockholder, shall cease to be member of this
Corporation.
Sec 5. Ind be enacted, That the first named nine
members of the said corporation shall be, and they
hereby appointed commissioners to receive subscriptions
and payments for shares Of stock and do such other
previous and at the election of directors herein
authorized and directed any of the said commissioners
shall be authorized 10 receive subscriptions and payments
for Stock and majority of them shall be authorized to do
all the other ACTS hereinafter mentioned.
Sec. A. And be enacted That the subscription books
heretofore used tor the purpose shall be again opened
Philadelphia, and Baltimore and elsewhere if deemed
cessaly, under the direction Of the said commissioners for
shares o stock in this company and shall be
permitted subscribe for than fifty shares until the
twenty fifth day of March next, which day the said
commissioners shall meet at Baltimore, when all the sub
Lnk c1a1h han thao cbaroc
subscribed shall exceed thousand, the commissioners
shall appoton them among the subscribers by deductng
from The highest subscriptions until they shall be reduced
tothe stipulated number; and the commissioners shall ap
point atme and place for the stockholders to choose
from among themselves, seven directors 10 manage the
business of the company until the first Thursday Of Decem
Der, eighteen hundred and tweny-six until eec-
ton shall take place. and the commissioners shall cause
advertisement OF such appointments and the object to be
published notice to the stockholders in such
US to them shall seem proper
Sec S. And be ii enacted That each subscriber for one
shares of stock before he shall be considered
stakeholder and entitled 70 vote, shall TO the commits
sioues to such person they shall appoint, the sum
FIVE dollars each share of Stock which shall be
psd the treasurer when he shall be appointed and
duly qualified agreeably the charter and bye-lsws
Each sockhoder at every election or general meeting of
the stockholders shall be entitled to vote in person by
proxyone vote for every share of stock which he shall
Told in the company which all the instaments due
shall have been paid and the president and directors may
Ut any time prescribe the form of proxies, and the mode
4 Of proving them.
Sec s. and be enacted, That the commissioners above
named, majority of them shall be judges of the first
election of directors and the dent and directors shall
appoint the Judges Of all subsequent elections and direct
snch thereof tn be given they shall deem proper
Sec And be ii enacted That the stockholders shall
meet annually the first Thursday in December, on
such day. within sixty days thereafter, and such place
the directors shall appoint, for the purpose of electng
from among the stockholders, directors, who shall
choose president from among their own number and
the directors elected shall be entitled to hold their of
fces and majority of them fill alvacancies which shall
in their body, in the office of president by
death, resignation, ceasng to be stockholder until
the next annual election