Port Tobacco times, and Charles County advertiser. (Port Tobacco, Md.) 1845-1898, 1855-01-25

merchants Of Alexandra, having sometime
since obtained from the Legislature Of Wiz
ginia charter, Incorporating a company to
build Steamboat to ply between Alexsn-
dria end points on the Potomac river, for
the purpose of conveying freigh. and pas
seugers, are now making efforts to raise a
suf1icien. amount Of capital by subscriptions
to stock TO put the enterprise into operation.
Agents are now travelling through the Po-
tomsc counties of Virginia end Maryland,
below Alexandra, to ascertain whs, amour,
Of stock the ci.izens Of those counties will
take. Capt. Thomas Perry, Of this county,
has been appointed sgen, to wait upon the
citizens Of Charles and ST. Mary's, and is
now discharging that duty; with what sue
cess we have not heard. This is no. "a.
vorable time TO begin an enterprise Of this
kind, it is true; ye, we are most confident
ly assured that i. will be carried out. The
agent in Virginia has met with much en-.
couragement, and it is thought. boa. can
be had on very favorable terms ss TO price
and time. Steamboat running regularly
up and down the river would, we have no
doubt, do a profitable business.
The following is q copy Of the Charter
above referred to:
fin .qct to Incorporate the Potomac Rrer Steam Boat
Company. Passed May IA, 1852.
Be 1t enacted by the General assembly, That Ste
phen Shinn, George D. Fowle, John F. Dyer,
Samuel R. Adams, G. c. Berry, Franklin Taylor,
and Richards C. Smith, their associates and sue
cessors, shall be and they are hereby constituted
a body polite and corporate by the name of "1,he
Potomac River Steamboat Company" for the
purpose of conveying freight and passengers be-
tween points on the Potomac River, and by that
name and style may sue and be sued, have a COM
mon seal, and all rights and attributes of Corpo-
ration for the period of thirty years from the pas
sage hereof s -. a+' -
The capital stock of said company shall notbe
less than Fifteen nor more than Thirty Thousand
Dollars, and shall be divided into shares of TWEEN
ty-fve Dollars each. i@'..' '''.'' o..
When one hundred shares shall have been sub
scribed, general meeting of the subscribers shall
be held in the town of Alexandra, at such time
as a majority of the persons above named shall
designate, for the purpose OF organizing said
Company, of which meeting ten days previous no.
tice shall be published in one of the newspapers
published IN the town of Alexandria. 49,
For managing the affairs of said Company, there
shall be chosen annually from the stockholders, a
president and five directors; and majority of d.
rectors shall constitute board for the transaction
of business. . ... ..... r.: il. ..s3- r
In elections for president and directors, and in
the transaction of all other business by the stock
holders in general meeting, each proprietor of one
share shall be entitled to vote, of four shares
to two votes of eight shares to three votes and of
fifteen or more shares to four votes.
The Company hereby Incorporated shall have
power to hold real estate sufficient for the purpose
of erecting wharves, landings, buildings, &C., not
exceeding one acre. - ....... 49,, ..-s-i
The president and directors shall have power to
enact such bylaws and regulations not contrary
to the laws of the United States or Of this State,
as they may deem expedient for tho government
of the said Corporation, and special meetings of
the stockholders may be called by the President
or any three of the directors.
The President and Directors who may be cleo
ted at any meeting Of the stockholders shall con-
tinue in Office (unless sooner removed by the
stockholders,) until the next annual meeting, and
until their SUCCESSORS shall be elected.
This act shall be in force from ITS passage, and
shall be subject to any amendment, alteration or
at the pleasure of the General As
sembly.