The Baltimore County union. [volume] (Towsontown, Md.) 1865-1909, 1866-06-09

AN ACT 10 incorporate the POcahontas Manuiac.
turing company.
Section /. he Il enacted by the General Assem-.
bly, oF Maryland, That William r. Sloihowcr,
George Slolhower, George w. Hopper, Morris =.
Slothowcr John Tilton and George Younger,
their associates and assigns are hereby
made and DECLARED 10 be body corporate by the
name OF the " Poeahonias Manufacturing Compa-
ny, !" and by that name may sae and DO sned in
any court o. law or equity, and may make and
use "a common seal, and alter tho same At pleas
urc ; aud may have and use oil the rights pow
ers and privileges necessary or proper for manu-
featuring cotton, wool, flax, hemp, juic, iron and
Other articles, aM vending the same when made,
and usay purchase, hold aud use real and per.
soual estate construct such buildings aud im-
provemen,s on their land as may be necessary 10
carry on their said business, and the estate, OF
any part thereof TO sell and convey or otherwise
dispose u as they may deem proper, and gener.
ally 10 do all such acts, and 20 pass aud enforce
such by.laws and regulations rs may be necessa.
~ aud proper for conducting the business Of said
corporation, the same not being contrary 10 ths
laws u this Sia'e.
Sec. ? Aud be /, enacted, That tho capital
stock Of said company shall be divided into
shares Of fifty dollars each, and shall at no time
exceed two hundred thousand dollars, aud every
person who shall be the proprietor Of one shars
or more Of said stock, shall be q member Of said
corporation, aud as such shall be entitled nj all
elections aud In all meetings oi the Stockholders
10 one.voie, in person or by attorney, for each
aud every share Of capital stock, which Is held
b. such person aud The said capital stock may
10 whole or in part. consist Of aud be vested IL
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 b.
transferable in such manner rs shall be provid'
ed and directed By the bylaws.
Sec. ,. And be II enacted That the affairs ol
the company shall be conducted by a President
aud Directors, who shall be chosen by the Stock
holders from amongst themselves In such manner
and nj such iiineas the bylaws may provide
and who shall nc, ia their respective officers un.
III successors shall be chosen, aud they or a ma.
ioriy ~ them shall have full power aud au,hori.
IS appoint, compensate aud remove such oiiiceri
agents and servants A. they may deem necessary
in the business Of said company also to contract
for and purchase such real and personal estate
aud cree, all such buildings and improvements a,
they may think necessary to carry into eject the
object OF said company, and the same or any
part thereof Ia sell, convey or otherwise dispose
Of nt their discretion also 10 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
ne, profits Of said company, and generally 10 do
all sch acts as iOr conducting tue business OF TUE
said corporation rs they NAV think proper, the
not being contrary TO law and IN case vacan'
g shall happen be Presidency or Directory o.
said corporation, the Stockholders after ten day.
notice by advertisement IN two daily papers pub
lished In the city Of Baltimore, al a special meet
ing 10 be held for that purpose shall OIL the SAINT
by choosing a President OF Director 10 serve M
I'll the next election, aud for the transaction o
any business hereby eondded to the said Presi
dent aud Directors a majority Of them shall be 4
quorum.
Sec g. And be IL enacted, That nothing IN
this act contained shall be 30 construed rs Il
confer any banking privileges on she said eorpo
ration or the right 10 iss1e any note IN the M
turc u a bank note and the General Assembly
here y reserves 10 itself the right 20 alter atuent
or repeal this act At pleasure.
Sec. :. And be Il enacted, That this act shall
take effect from the date ofiis passage.