The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1858-03-01
MARYLAND GISLATURE.
SENATE.
ANNAPOLIS, February

ANNAPOLIS, February q, 1853
Btas Pdssed.-Making valid deed from George
Warner and wife. To punish certain tresspassers
TO prohibit the taking of irresponsible and INSULT
Gent bail
Leave granted to Mr. Smith to report bill to
incorporate the Carroll Rangers.
Bile RePoTted.-By Mr.. Stone, to repeal an act
repeating certain parts of an act for the promotion
OF internal improvements passed 1885, ch 395 Mr.
Brooke, Incorporating the Howard and Montgome-
ry Turnpike Company. Mr.. kimmell to change the
name of the State Agricultural Chemist to State
Geologist, and prescribing his duties
Mr. Wallace presented petition to change the
place of voting in Straits Neck district in Dorches-
ter county anc obtained leave to report bill for
that purpose. Mr.. kmmel, of sundrv citizens of
Frederick county in reference to the licenses to sell
spirituous liquors.
The Senate took up for consideration the bill en-
titled, AN act to incorporate the Railroad Trust
Company
Mr.. Kimme submitted the following amendment:
Strike out all after the enacting clause, and in
sert:
Sec l. "Be it enacted BY the General Assembly
of Maryland, That George w. Hughes, Duff Green
and Silas Seymour, and the persons who NAV be-
come the owners of the shares herein authorized to
be issued, be and they are hereby made body cor
porate, under the name and style of the American
Improvement Company, and in that name NAV have
perpetual succession and may purchase, have. hold
use and acquire, by any lawful means estate real
and personal, and the same may USE SELL lease let
mortgage, transfer and convey, and otherwise dis
pose OF, and may and be sued, plead and be i'm
pleaded, contract and be contracted with and have
and use common seal, and the same may change at
pleasure, and may make bylaws and regulations for
the management of their affairs, and NAV have and
use all the powers, rights and privileges which are
or may be necessary and proper for them to have
Company Incorporated for the purposes herein
stated
Sec. 2. And be it enacted That the purpose of
this act, is to enable practical engineers and CON
tractors to associate as an incorporated company,
and TO OBTAIN, by SUBSCRIPTIONS, capital to enable
the company, as such, advantageously to contract
for the building and equipment of railways, public
works, and lnteroa improvements, and to authorize
them. as a company, to construct railways public
works, and internal improvements and to manu-
facture iron and manchinery, and rolling stock
and to make the requisite contracts, and to re-
ceve and hold ON deposit and in trust in full and
ample manner as any individual may or might do.
property estate, and with full power and authority
to SELL and dispose of any property or estate which
may be placed with them in trust includinr the
bonds and obligations of States and of individuals
and OF companies and of corporations, without pro
ceedng in law or in equity, and in any market in the
United States or elsewhere; and for such price and
on such terms as may be agreed on by contract be-
tween them and the parties contracting with them:
and also to endorse and guarantee the payment of
the bonds and obligations of individuals and of
states and OF corporations and of companies: and to
issue and sell in like manner their own bonds of de-
nominations not less than live hundred dollars but
before issuing such bonds, the said Company shall
he with the Treasurer and Comptroller of this State
satisfactory security that the said bonds will be
paid.
Sec 3. And be it enacted That the capital stock
OF said Company shall consist of shares of five hun
dred dollars each; and that George w Hughes Duff
Green ana siias Seymour or majority of them
may In person or by proxy, open books or subscrp-
tons, at such times and places as they deem expe-
dient and when two thousand shares shall have been
subscribed, and ten per cent thereon shall be paid
in the shareholders may elect five or moro directors
whose term of service, mode of election and nou,erS
and duties, shall be prescribed by the bylaws of the
Company; and the said directors shall have the
power, in the name of the Company, to exercise the
powers and enjoy the privileges intended to be hera
in given; and the directors for the time being may
from time to line, as it may be deemed expedient
enlarge their resources by loans pledge of their
property and estate, or without such pledge or by
new subscriptions, provided the whole Subscriptions
to their capital stock shall not exceed ten thousand
shares, but nothing herein contained shall be con-
strued to give the said Company banking privileges
Sec. A. And be it enacted That the General As
sembly reserves the right at all times modify or
repeal the charter herein granted.
Sec. g. And be it enacted, That this act shall take
effect and be in force from and after its passage.
Which was read and ordered to be printed
Inc following among Others were. favorably re-
ported upon and read second time.
The Dill to allow the Fire Inspector of Baltimore
city to take testimony, &C. To change the name
of the Mechanics Exchange and Savings Comma
ny to that OF the Exchange Bank To set apart
the Aims House property of Baltimore county, to
pay the debts OF said county. To increase the in
risdiction of Registees of Wills ToTacilitate the
collection of debts in the Superior Court and Court
of Common Pleas of Baltimore city. For the dis
patch of business in the Court of Common pleas Of
Baltimore city.
Mr.. Hoffman reported unfavOrably on the bill for
the relief of the heirs and representatives of the
late j. NJ Turner, of Baltimore city.
HOUSE OF DELEGATES.
Petitions Presented.-By VIM. Alexander to repeal
the tax on mortgages. Mr.. Harrington, similar
petition. Mr. MCPHERSON, of sundry citizens of Bal
timore city and county, for prohibitory liquor law
Mr. Bacon, of l27 citizens of Hartford county against
any law to protect wild fowl in the head waters of