The Baltimore County union. [volume] (Towsontown, Md.) 1865-1909, 1866-05-05
CHAPTER l22.

CHAPTER l22.
AN ACT 10 incorporate the Maryland
Land and Emigration Company.
SIC. I. BE Il enacted bg the General AZ
sesabiy Of Maryland, That Christopher G..
Cox. Bobert Fowler. John Goats, Jacob
Tome aud Aduah Anderson. and all and ev.
cry other person who with them, or in their
stead shall hereafter become members OF
Maryland Land and Emigration Company.
10 the manner hereinafter mentioned. their
successors aud assigns shall be aud are
herby created and declared 70 be . body
corporate and polite, BY tho name and
stylo Of the Maryland Land aud Emigra-
iion Company. and By that name shsil at.
may have psrpetuai succession. and DC CO.
pable 10 Law Of purchasing. holding. i'm
proving and disposing OF property. roai,
personal and mixed. for the purposes here.
matter authorized, and may sue aud be
sued, plead and be impleaded. answer aud
defend in ali courts Of Law and equity, and
nav make, executc and deliver, or have or
cause 10 be made. executed and delivered
70 them. all deeds. trarsfers. gifts. grants,
conveyances, covenants, contracts agree.
meuis aud Bargains Nhafsoever uscessaFy
for the purposes and Objsets OF said eOmpa.
ny. and nav have aud use q common seal,
which they shali have power 70 alisr or 70.
nsw ~ pleasure. and gerernl 20 do every
other act or thing Becssssryt 70 carry into
eject the provisions. objects and purposes
Of this act. and not Inconsistent With The
Laws OF ibis state or Of the Tuiied States.
sec. ?. And IL 1; enacted. That the pur.
pOsss and objects for Shich the Maryland
Land and Emigration Company Aforesaid.
Is incorporated. OF the purchasing Of large
tracts q laud 10 one or more Of the COM.
ties ofthe state, asd the same 90 survey.
lev Of into smaller tracts FOR the purpose u
establishing q colony or colonies OF Aueri-
eau OF foreign born eiiiseus. the iocsiing
aud laying eA into streets t0Sn or tovns
10 the vicinity Of the sAld colony or colo.
nies, the bssutifyiug or improving Of said
t0pn o. tOvu. BY erecting thereon sto-es.
dwelliugr. ~orksbops. faet0ries buildiugs,
mills. farusecs schOolbcsses. churches. aud
such other improvements e. nay be found
or deemed necessary 20 give eject 20 the
object and purposes Of this act. and 20 sell.
rent. lease convey. grant On condition. or
other~i.e dispose Of. " use for nlaarfac;as'
lng mining or agricultural parpOsos any
part or parcel o. the lands or watsr-p0wsrs
that shall or aasy become the property Of
the said company. together With sos build
lugs and improvements thereon erected.
aud the building aud equipiDg of . steam.
I boat or steamboats, % ply on the waters Of
I the Chesapeake and its trlbcisries. between
( the said colories aud lhs ciiy Of Baltimore.
- any other poiut deemed neceesary 70
carr Oui The provisions Of this act, for the
purpose of conveying freight and passcn.
/ gers. and charging tolls thereon
Sec. }. .isS be u eaacfed. That the said
Christopher &. Cox. Rober, Fowler John
Coats. Jsrob T0me and Aduzh Anderson.
OF such QUO o. more os them. or their Ggsp,
or agate. - the Others. or . majority Of
{ them, shall TOT that purpose Aathorise and
appoint. may take aud receive spbscrip.
b i5oDs 10 the capital stock Of the said con.
pany, ~ snch manner. oD such terms - they
or a majority Of them. shall choose aad
/ designate. 10 shares OF twenty Eve dollss
I each 10 sgeh amouut ~ they fnay deeea re.
eesssry. no, exceeding forty Thousand
! shares aud aay persons ~ho shall become
! hOiders. or entitled 20 ore shaFe or more
shares Of said stock. shall thereupon be.
conc : member " said MArylsnd Land and
I Emigration Company hereby Incorporated,
aud ~ such shAll DC entitled 10 Oce vote
I 10 pcrsou. or by proxy, 81 all meetings ol
1 the stock holders for each share ofstock sc
I held by him OF them. on which ell install.
meats due shall hare been paid and -.
I'll two thousand shares of said stock shall
have been subscribed. OF twenty Eve thous.
and dollss ia essh shall have been paid
thereon. tho said Christopher c. Cox, Rob.
ert Fowler John Goats. jacob Tome aud
Adrah Anderson. ora majority cs them,
shall have aud nay exercise al tAe eorpc.
rate rights Of the said Maryland Land aud
Emigraiion Company and ou receiving thS
subscriptions aud payments above provid.
Cd. Ihvy. " = majority or them. shall cal
a meeting Of The stockholders. Who when &C
met, in Pcrson or By proxy. shall ehoos,
frOm amOag themselves by ballot Presi
dent and seveu Directors. who ehall sesv'
for one year from their said election. or uu
I'll others are arpoiaied, aud at all snel
elections the persons. being stockbolders
having . majority u oil the votes cast ehal
bs elected AID the said President an'
Directors 80 organized, aud their success
sors. shall by their bylaws regulate th'
time and manner Of holding elections. pro
vide Coz SLING vacancies by death, rcsig0s
iiou CT otherwise but Uo omission 10 elee
at the period appointed shall operate as
, | dissolution Of The corporation.
sec. .. aad hs 10 enacted. That the eai
President and Directors. or majority Q
J them. may DO all acts necessary Tor the COT
: ducling Of the business, aud carrying ou
the objects and intentions of this aet, ma
/, appoint agents or other persons neccssAF
for accomplishing said objects. Hsy unsk
al necessary bylaws aud regulalioos ma
ruvisc, alter or annal the same; may d
clare dividends a. ascertAined By thom
may hx aud regulate the time or iimc
| manusT. terms aud Conditions OF receivin
. further subscriptions within the limit
I. aloresaidl 10 the capital stock. and OF =
transfers Of stock may call 10 all insia
!. menss on stock agreeably 70 the terms
a Subscription, and enforce payment theroo
!. may prescribe the conditions of forfeitu
a IN cases Of non payment. and dispose Of 9
a OF every such forfeited stock - they ma
" IN their discretion. decm proper 81
: oxpedieul provided, that nothiug hers
y contained bhall be 50 constrnedas 20 antbo
y iso them 10 forfeit the stock OF subscI
!, ber until nluoly dsys notice u frst given
!. aud generally may do al things uecessa
70 carry out the objects and inteuiiots
J. this eel according TO the true intsnt q
y meaning thereof .s,.--....
i Sec. !. And DC 4 eaacssd. That nolbil
u herein contained shall be taken % %
e sirued 70 autboriss The said company eii
q er directly or Indirectly 70 sxsrclso " =
y The bauk prisilsge. isass q g. aifi
! See. g. And 6sit snacisd. That tbs lGs
"a cral Asscnoly Eossrves he TiEot - ~
o. annnl thls ho1 nt pleasure.
M See. 4. 1ad ~ 4 namc1e6 11ol tbis
shsll ssks sleet flon khe dsis q its y
sAgs. .asiiit-ss - q q sAsas