St. Mary's gazette., 1866-06-14
LAWS OF MARYLAND.
PUBLIC GENERAL.
tOFFfCIAI.
CHAPMAN HARDWOOD,
Secretary of Senate.
WILLIAM r. COLE,
Chief Clerk House Delegates.
AN ACT To incorporate the Maryland


Assembly OF MARYLAND. That Christopher
&c Cox. Robert Fowler, john Co4tS, u
cob Tone and .Ajuah Anderson ana ;stI
and every other person who with them ~
IN ;llcir stead shall hereafter become mem
ber- II IarvIani Land and f.nl3r,''9n
Company. IN Their manner hereinafter ;len-
toned. t.tcir successors a,-tt assigns Sha-.
he and are hetesy create, aui dee!aTa,' =
be body corpnra;e aad pal..ie, ;y sc
name anI s,yte ef tue Narytanj haud and
Emigration Company, AMI by that name
shall and may have perpetual sncessloa,
and be capable in law Of purchasing, hold
in., improving and disposing Of property.
real, personal and mixed Pier the purpose
hereinafter authorized. i may sac and
be sued, plead and 49, pledcd, answer
and defend in all courts ct law and equity
and may make, execute andkakliver, or
have or cause to BE made, executed and
delivered to them, all deeds, transfers,
gifts, grants, convcyancos, covenants,
contracts, agreements and bargains what
socvcr necessary for the purposes and OBJ
jects of said company, and may have and
use common seal, which they shall have
power to alter or renew at pleasure, and
general to do every other act or things ne
.cssazy to carry into effect the provisions,
objects and purposes Of this act, and not in
consistent with the laws Of this State OF the
United States.
Sec .. And be it enacted, That the
purpose and objects fer which the Mary
land Land and Emigration Company atorc-
said, is incorporated Or tie purchasing of
large tracts of land in one or more Of the
counties of the State, and the same to sur
vey, lay off into smaller tracts for the pur-
pose of establishing a colony or colonies Of
American or foreign born citizens, the To-
eating and laying off into streets town or
towns in The vicinity Of the said colony or
colonies, the bcautjfying or improving Of
said town or towns by erecting thereon
stores, dwellings,, workshops, factories
buildings, mills, furnaces, school-houses,
churches, and such other improvements as
may be found or deemed necessary to give
effect to the object and purposes of this
act. and to sell, rent, lease. convey grant
on condition, or otherwise dispose Of, or
use for manufacturing, mining or agricul-
tural purposes any part or parcel Of the
lands or watcr-powcrs that shall or may
become thc property Of the sad company.
together with the buildings AID improve
mcnts thereon erected, aud the building and
euuipng of astcamboat or steamboats, ply
on tie water of the Chesapeake sndits tribu-
tarics between the said colonies and city Of
Baltimore, or any other point deemed neccs-
sary to carry out the provisions of this act,
for The purpose Of conveying freight and
passengers and charging tolls thereon.
Sec. 3. And be it enacted, That the
said Christopher G. Cox, Robert Fowler,
John Coats, Jacob Tome and Adnah Andcr-
son, or such one or more of them Or their a.
gent or agents. as the others, on majority
of them, Shall for that purpose authorize
and appoint may take and receive sub
criptions to the capital ,.ch Of The said
company, ia such manner, on such terms
as they or a majority of them, shall choose
and OBSTINATE. ia shares Of twenty five dol
lars each to such amount rs they may deem
necessary, not exceeding forty thousand
shares: and any persons who SHAH BECOME
holders. or entitled to enc share or lnore
shares of SAD stock, sna!, tncreupon become
.. member of said AIa.yland Land and tm-
icratiop Company hereby incorporated,
and as such shall be entitled 10 one vote
in person. OF by proxy at ali meetings Of
the stockholders for EACH share OF stock SO
held bv him or them, on which all install
ments due shall have been paid; and until
two thousand shares Of said stock shall
have been subscribed, or twenty-five thous-
and dollars in cash shall have been paid
thereon, the said Christopher &. Cox,
Robt. Fowler, John Coats, Jacob Tome
and Adnah Anderson, or a majority OF
them, shall have and may exercise all the
corporate rights of the said Maryland Land
and Emigration Company; and on rccelv-
inc the subscriptions and payments above
provided, they or q majority OF them, shall
call meeting of the stockholders, who
when so met, in person or BY proxy, Shall
choose from among themselves BY ballotaa
President and seven Directors, who, shall
serve for one year from their said election;
or until others are appointed, and at all
such elections the persons, being stock
holders, having majority OF al! the votes
cast shall be elected; and the said president
and Directors 50 organized and their sue
cessors, shall by their bylaws regulate the
time and manner of holding elections, pro
vide for filing vacancies by dea'h, reSlg-
nation or otherwise; but no omission TO
elect ct the period appointed shall operate
as a dissolution of the corporation.
Sec. I. And be it enacted, Ihat the
said President and Directors or majority
of them, may do all acts necessary for the
conducting Of the business, and carrying
out the objects and intentions Of this act
NAV appoint agents or ohcr persons necoS-
ary for accom- plishing said objects, may
make all necessary bylaws and regulations
may revise, alter and annul the same may
declare dividends rs aScert4inod by them;
may tx and regulate the time OF t.mcs'
manner, terms and conditions OF receiving