American watchman and Delaware advertiser., 1826-04-11
AN ACT
10 Incorporate the Pennsylvania, DelaUare and
.1faruland Steam Narigatioi Connanu

Maryland Steam Navigation Company.
Section l. Be 1t enacted by The General assembly IF Mary
land, That Thomas Tenant, James L.. Hawkins, Georg
Riston, William Meeteer, Charles Bird Joseph Dugan
Thomas Fassitt, William w. Seaton, Edward I. Bailey
John b. Morris, Elisha Tyson. Sheppard c. Leakin Hugl
| w. Evans John Daenderfer, Charles w. Karthaus
Arnaud Rubc, James M Lure, Richard Mackubn, X. ID
Milholand, r. G. Cox, Ann Miholand, John Goodng
jr Marcus Dennison Rein Rowles John Caduc, Charlie
Gwnn, S. l. Fowler Godfrey Myers, William Msssicott
Jacob Boyer, Samuel D. Watkins, j. f. Frazier William
LoveI Matthew Kelly James Buchanan, A. b Murray 8
Co. g. S. & J. P. Oded, Richard Stevens Parker ant
Bowerman, J. s. Bridges, William D. MKim, JOSEPH
Meads, f. w Henck, Kzer & Crawford, Z. j. Coale, j
H. Knight, George MDowell, Benjamin Edes, Charlie
salmon Felix jenkins, Alex Fimiser, ). & A Smith
William Roney, Edward Morgan, Ann Barnes, John II
Short Hesip and Jefferson James Smith, James Reybnrn
Michael Difenderffer, Joseph Backwood, d. Smith
Thomas Welsh Stewart & Bolton, Dobbin, Murphy ans
Bose John Faon William Sheet, Lewis Gross jr., J. II
Hoogewer Thomas P. Levy, Henry Webb, Nicholas Hiss
j. Heden. James Hindman, Ford & Parker, II. w Bool
jr, Cook, Margaret Peterson, T. Galloway, Geddes
Stewart, Edward Priestly, Jacob Daley, A. Steever,
Miles, R. H. Douglass Keyser & Shsfer, Charles Dien
derHer, lisa. Ittler, l.. Kimbal Benjamin G Benson
Reverdy johnson, Isaac N. Toy, Henry Miller, JOIN
FITZGERALD, John Hanna, jr., William Hanna, Henry
Jacobsen, George w. Fitzgerald, John Manly, Anthon,
Keenar, L. Eichelberger, McFaddon & Harris Rchare
Butler Josiah Lee Co., Robert Leslie, Sarah Ann Brown
Richard Griffith, G c. Stiles, Z. F Styles, William s es
| Hester Stiles, James Stiles, Thomas g. Atkinson II. II
Moae, Henry McArdle Henry Bareckman, William w
Seaton, Joseph Gales r., Richard White Thompson,
Reilly, Thomas and James Fassitt, George Mcdowell,
Daniel Saint, John Adams, Lewis Rush. Enoch Allen, Henri
Apple, W. Hathaway, Isaac Durrell Nevi and Jake
Henrietta Miller, Samuel and William Meeteer, their as
socaes and assigns, be- and they hereb
created and made corporation and body polite, by thu
name, style and title of The Pennsylvania Delaware
Maryland Steam Navigation Company, and by that name
style and title, shall have perpetual succession and shall b.
able and capable law to and be sued plead and
mpeaded, answer, and be answered. in any court of Law
equity; to make, have, and seal, and thu
pleasure to change alter and renew, and general
1 do as he
the purpose of establishing and conducting line or line
of steamboats, vessels and stages other carriages betwee
Philadelphia and Baltimore for the conveyance of passen
gers and transportation of merchandise and other articles
Sec @ And be enacted That the capital stock of the
said corporation shall be divided into shares of fifty dollar
each and shall not exceed ten thousand such shares
cudng the shares already subscribed for by the persons
herein before named and Incorporated the residue of the
said number OF shares or SO many of them as from time
time shall be deemed necessary, shall be subscribed for
or disposed of from time to times in such tn
resolutions bye laws made in pursuance of this charter
shall provide dlrect each subscriber for NOR
shares of stock, who hath paid or shall pay five dollars
every such share the of the corporaon and
person who shall obtain by transfer, or in whom shall
vested by law shares of stock shall be deem
ed stockhoder, and in virtue thereof member of th
corporation hereby created, and shall continue until
shall to be stockhoder, by transferring all his
her shares of stock by foeitng the in the
ner hereinafter mentioned and every person
ing to be stockholder shall cease to be member of t
corporation.
Sec s. And be enacted, That the first named min
hereby appointed commissioners to receive subscription
and for shares of stock and do such other
previous to and at the election of directors herei
authorized and directed two OF the said commissioner
shall be authorized 10 receive subscriptions and payment
for sock, AID majority of them shall be authorized
all the other acts hereinafter mentioned.
Sec. A. .qnd be ii enacted That the subscription book
heretofore used for the purpose, shall be again opened
Philadelphia, and Baltimore and elsewhere if deemed nj
cessa under the direction of the said commissioners h
shares OF stock in this company and no one person shall
permitted to subscribe for than fifty shares, until tn
Twenty fifth day of March next, which day the sal
commissioners shall meet at Baltimore when all the sui
scrpton books shall be produced If the number of share
subscribed shall exceed ten thousand, the commissions
shall apporton them among the subscribers by deductn
from the highest subscriptions until they shall be reduce
to the stipulated number; and the commissioners shall
point time and place for the stockholders to meet to choo
from among themselves, directors to manage Ii
business of the company until the first Thursday OF Decen
ber, eighteen hundred and twentysx, until ele
ton shall take place. and the commissioners shall
advertisement of such appointment and the object to
published notice to the stockholders, in such
as to them shall seem proper
Sec S. .9nd be enacted That each subscriber for
or shares of stock, before he shall be considered
stakeholder and entitled 70 vote, shall pay the comm
sioners such person they shall appoint, the
of five dollars each share of stock, which shall
paid the treasurer, when he shall appointed
duly qualified agreeably TO the charter aud bye-law
Each stockholder at every election, general meeting
the stockholders, shall be entitled to vote in person
proxyone voe' for every share of stock which he shi
hold in the company, which all the instalments d,
shall have been paid and the president and directors
any time prescribe the form Of proxies and the
of proving them.
Sec. 6. and beif enacted, That the commissioners abo
named majority of them, shall be judges of the fiji
election of directors and the president and directors s;
appoint the judges of all subsequent elections and dire
notice thereof to be given they shall deem prope
Sec T. find be it enacted, That the stockholders shs
meet annually the first Thursday in December,
such day. within sixty days thereafter, and at such plae
the directors shall appoint for the purpose Of electr
from among the stockholders, directors, who sha
choose president from among their number ar
the directors elected shall be entitled to hold their
hces ana majority OF them to MI allyacanc,es whcn sha
occur in their own body, or in the office of president
death, resignation ceasing to be stakeholder, unit
the next annual election