The Baltimore County union. [volume] (Towsontown, Md.) 1865-1909, 1866-06-09
Commissioner Of Baltimore 9
CHAPTER be,

AN ACT to incorporate the Pocahontas Manufac-
turing company
Section /. Be it enacted by the General Assem-
bly, of MARYLAND, That William I. Slothower,
George Slothower George w. Hopper, Morris P.
Slothower, John Tilton and George Younger,
their associates successors and assigns are hereby
made and declared to be body corporate by the
name of the " Pocahontas Manufacturing Compa-
ny, /" and by that name may sue and be sued in
any court of law or equity and may make and
use common seal, and alter the same at pleas
ure and may have and use all the rights, pow
ers and privileges necessary or proper for manu-
featuring cotton, WOOL fax, hemp, jute, iron and
other articles ara vending the same when made
and may purchase, hold and use real and per-
sonal estate, construct such buildings and i'm
proVements on their land as may be necessary to
carry on their said business, and the estate, or
any part thereof to sell and convey or otherwise
dispose of as they may deem proper, and gener-
ally to do all such acts, and to pass and enforce
such bylaws and regulations as may be necessa-
ry and proper for conducting the business of said
corporation, the same not being contrary to the
laws of this State.
Sec. 2 And be it enacted, That the capital
stock of said company shall be divided into
shares of fifty dollars each, and shall at no time
exceed two hundred thousand dollars and every
person who shall be the proprietor of one share
corporation, and as such shall be entitled at all
elections and in all meetings of the Stockholders
to one.vote, in person or by attorney, for each
and every share OF capital stock, which is held
by such person and the said capital stock may
in 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 capt.
tai stock shall be deemed personal estate, and be
transferable in such manner as shall be provid-
ed and directed by the bylaws.
Sec g. And be it enacted, That the affairs of
the company shall be conducted by President
and Directors, who shall be chosen by the Stock
holders from amongst themselves in such manner
and at such time as the bylaws may provide
and who shall act in their respective officers I'M
til successors shall be chosen, and they ma
iority of them shall have full power and authori-
ty appoint, compensate and remove such officers
agents and servantsa as they may deem necessary
in the business of said company also to contract
for and purchase such real and personal estate,
and 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 at their discretion also to prescribe The mode OF
distributing registering and transferring the cap
ital stock Of the corporations and the certificates
thereof and to declare and pay dividends of the
net profits of said company, and generally to 90
all such acts as for conducting the business of the
said corporation as they may think proper, the
not being contrary 10 law; and in case vacan-
cy shall happen The Presidency or Directory of
said corporation, the Stockholders after ten days
notice by advertisement in two daily papers pub
lished in the city of Baltimore, at special meet
ing to be held for that purpose, shall fill the same
by choosing President or Director to serve I'M
til the next election, and for the transaction of
any business hereby confded to the said Presi-
dent and Directors majority of them shall be
quorum.
Sec. A. And be it 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 to issue any note in the ma
ture of a bank note and the General Assembly
hereby reserves to itself the right to alter, amend
or repeal this act at pleasure.
Sec. 5. And be it enacted, That this act shall
take effect from the date gifts passage.