The Baltimore County union. [volume] (Towsontown, Md.) 1865-1909, 1866-06-16
CHAPTER so.


An ACT TO incorporate the Pocahontas Manufac-
turing company.
Section I. De Il enacted By the General Assem-
bly, Of Maryland, That William r. Slothower,
George Slolhower, George w. Hopper, Morris 2.
Slothower, John Tilton and George Younger,
their associates successors aud assigns are hereby
made aud declared 10 be body corporate BY the
name Of the PocahontAs Manufacturing Gonna.
ny, and by that name may sue and BE- sued in
any court Of law Or equity, aud may make and
use a common seal, aud alter the same At pleas
urc and MAY have and use all the rights, pow
ers and privileges necessary OF proper for manu-
featuring cotton, wool, iax, hemp, jute, iron and
other articles, and vending the same when made,
aud may purchase, hold and use real and per-
sonal estate, construct such buildings aud Inn
provements on their land as may be necessary to
carry on their said business, aud the estate or
any part thereof 10 sell aud convey or otherwise
dispose Of ~ they may deem proper, and gcner-
ally 10 do all such acts, and TO pass and enforce
such bylaws and regulations as may lie necessa-
~ and proper for conducting the business Of said
corporation, the same not being contrary TO the
laws of this State.
Sec. : And be Il enacted, That the capital
stock Of said company shall be divided into
shares Of fly dollars each, and shall at no time
exceed two hundred thousand dollars. and every
person who shall be the proprietor Of one share
or more Of said stock, shall be member Of said
elections and In all meetings Of the Stockholders
10 one vote 10 person or by attorney, for each
aud every share Of capital stock, which Is held
by such person and the said capital stock may
ia whole or IN part, consist Of and be vested in
lands, buildings, machinery, tools and materials
necessary or useful for carrying on the business
Of said corporation, and the shares Of said capi.
tai stock shall be deemed personal estate, and be
transferable IN such manner as shall be- provd-
I'd and directed by the bylaws.
Sec. g. Aud be IL enacted, That the affairs Of
the company shall be conducted by n President
and Directors, who shall be chosen By the Stock
holders from amongst themselvesin such mannc.
aud a; such time ns the bylaws may provide
aud who shall act In their respective officers IN
I'll successors shall be chosen, and they or ina.
joriiy of them shall have full power and authori-
~ al point, compensate and remove such officers
agents and servants rs they may deem necessary
ia the business OF said company also 10 contract
for aud purchase such real and personal estate
aud erect all such buildings and improvements as
they may think necessary TO carry into effect the
object OF said company, and the same or any
part thereof to sell, convey or otherwise dispose
Of nj their Discretion also 20 prescribe the mode Of
distributing, registering and transferring the CAP
inl stock of the corporations and the certificates
thereof and 10 declare and pay dividends Of the
net profits Of said company, and generally 10 do
all such acts as for conducting the business oft
said corporation as they may think proper, the
not being contrary 10 law and 10 case vAcan-
cy shall happen The Presidency or Directory Of
said corporation. the Stockholders after ten DAYS
notice by advertisement 10 two daily papers pub.
ished IN the city Of Baltimore, at special meet
ing 20 be held TOR that purpose shall ill the same
by choosing President or Director to serve un-
I'll the next election, and for the Transaction Of
any business hereby con6ded TO the said Presi-
deni and Directors majority Of them shall be a
quorum.
Sec 1. And be IL enacted, That nothing In
this act contained shall be so construed as TO
confer any banking privileges on the said corpo.
ration or the right 10 issue any note In the ma
iure Of a bank note and the General Assembly
hereby reserves 10 itself the right to alter amend
or repeal this act nj pleasure.
Sec. D. And be IL enacted That this act shall
take effect from the date ofiis passage