St. Mary's gazette., 1866-06-14
LAWS OF MARYLAN !
I0FFICIAL. /
CHAPMAN HARDWOOD.
Secretary of Senate,
WILLIAM r. COLE.
Chief Clerk House Delegates.
AN ACT to incorporatc the Ma-yland
PUBLIC GENERAW

Sec /. I3c Ii enacted by the General
/ Assembly of MARYLAND, That Christopher
&c. Cox, Robert Fowler, John Goats, ia
cob Tome and Alnah Anderson, md all
and every other person who with them. or
/ in their stead shall hereafter become mem
bers oi Maryland Land and Emi grafton
i Company.cin their manner hcrelnattr men,
toned their successors ard assigns shall
! be and arc hereby created and declared to
! be a body corporate and polite, by the
name and sty of the Maryland Lind and
Emigration Company, and By thlt name
shall and may have perpetual su'esSlon.
and be capable in law of pefrchasin:, hold
iuc, improving and disposlng of poperty,
real, personal and mixed, fer thepurpose
hereinafter authorized, and maXA1e and
Be sued, plead and be. ii! 1. cls(leE-
and defend in all co1r;s Of law and equity,
and NAV make, execute and deliver, or
have or cause to be made, executed and
delivered to tEcm, all deets, transfers,
gifts, grants, conveyanceS. covenants,
contracts, agreements and bargains what
secvcr necessary for the purposes and OBJ
jects of said company. and nay have and
y
power to alter or renew at pleasure, and
general to do every other acl or things ne
.cssary to carry into effect tie provisions,
objects and purposes of this ait, and not in
consistent with the laws Of this State or the
=. United States
Sec , And be It crastd, That the
purpose and objects for whrh the Mary
land Land and Emigration Company atore-
said is incorporated or the purchasing of
/ large tracts of land in one ormorc Of the
counties Of the State, and the same to sur
vev, lay off into smaller tracts for the pur-
American or foreign born citizens, the To-
eating and laying off into STREETS town or
! towns in the vicinity of the sid colony or
colonies, the bcautifying or improving of
said town or towns by erecting thereon
stores, dwellings,, workshops factories
buildings, mills. furnaces, shool-houscs,
churches, and such other Improvements as
NAV 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 r'rcel OF the
lands or empowers that shall or may
become The property of the sad company,
together with the buildings ard improve
ments thereon erected, and the building and
eQuiping of astcamboat or steamboats, ply
on the water of the Chesapeake and its tribu
tarics, between the said colonies and city o t
Baltimore, or any other polut deemed ncces-
sary to carry out the provisions of this act.
for the purpose of conveying freight and
passengers and charging tolls thereon.
Sec. 8. And be it enacted, That the
said Christopher {. Cox, Robert Fowler,
John Coats, Jacob Tome and .Aduah Ander-
son. or such one or more Of them or their a
Gent or agents, as the others, or a majority
of them, shall for that purpose authorize
and appoint, may take and receive sub
criptions to the capital stock of the SAID
company, in such manner, on such terms
as they or a majority of t|cn, shall choose
and designate, in shares o twenty-five dol
lars each 10 such amount as they may deem
necessary, not exceeding forty thousand
shares; and any persons who shall become
holders. or entitled to one share or more
shares of said stock, shall thereupon become
a member of said Maryland Land and tm-
ieration Company hereby Incorporated
and as such shall be entitled to one vote
in person. or by prox~ at ali meetings OF
the Stockholders for each share OF stock 50
held by him or them, on which all install
mcnts 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 pald
thereon. the said Christopher {. Cox,
Robt. Fowler, John Coats, Jacob Tome
and .Adnah Anderson, or majority OF
them. shall have and may exercise all the
corporate rights6of the said Maryland Land
and Emigration Company; and on rccclv-
ing the subscriptions and payments above
provided, they II a majority OF them, shall
call a meeting Of the stockholders, who
when 50 met, in person or by proxy, shall
choose from among themselves by baltot-a
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 all the votes
east shall be elected; and the said president
and Directors 50 organized and their sue
ceSsors, shall by their by laws regulate the
time ana manner Of holding elections. pro-
vide for filing vacancies by dea'h' resIg-
nation or otherwise: but no omission to
elect at the period appointed shall operate
as 4 dissolution of the corporation.
See. I And be it enacted, That the
sail President and Directors or majority
of thom. NAV do all acts necessary for the
cnnductipr Of the business. and carrying
a,t tho. objects and intentions of this act,
may appoint agents or o'her persons neeeS-
arv for accomplishing said objects, may
make all necessary bylaws and regulations;
nav revise, alter and annul the same may
declare dividends as aScertainoi by them;
r..,,,,l..a tbn d times.