The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1872-05-04
public local LAWS.
Passed January Session, 1872
PUBLISHED BY AUTHORITY.

CHATTER 1870.
IN Act
To Incorporate the New Windsor 7oion
Hal Company, IN the toDa Of New
WmdsOr, Carroll coanty.
Sec. |. Be il enacted by tie General Al
sembly Of Maryland, That Joseph Ii. lib
bert, Joseph a. StoufIsr, l.. N. Snader,
Georg, II. Brown, N. II. Bale, their as.
sociates, successors and assigns, be and they
are hereby created corporation and body
polite, by the name and style of the New
Windsor Town Hall Company, and by that
name may have succession, and shall be
capable in law aud in equity TO sue aud be
sued in the courts Of this State. to make and
use common seal, and TO adopt such by
laws and regulations as may be necessary to
conduct the affairs of the corporation, not
repugnant to the laws Of this State or this
charter.
Sec. 2. And be il enacted, That the object
Of this corporation is hereby declared to bs
the building or leasing of town hall in the
town of New Windsor Carroll county, for
which purpose they ara hereby authorized
and empowered to buy, hold, sell or lease
real aud personal property, to erect tn Q
and they are hereby invested with all such
powers and rights as may be necessary for
the purpose of said corporation, as herein
declared and the said corporation may
rent out or lease the said town hall. aud the
furniture thereof from time to time and
the said corporation shall have power TO
enter into all contracts necessary for the
construction and management Of said town
hall, To borrow money and to mortgage
their property to secure the same.
Sec. 9. 4Hd be IL enacted, That the cap
ital stock Of said corporation shall not ex.
coed FIVE Thousand dollars, and shall be
divided into shares Of fifty dollars each.
Sec. 4. And be il enacted, That for the
management of the affairs of said company
or corporation, the stockholders therein
snail elect President and such number OF
directors as they may determine, as soon as
they shall determine that a sufficient amount
of stock has been subscribed, after giyln ,
twenty days notice thereof to the ST. c {.
holders by individual or pablo notice, aud
their shall be an election OF President and
Directors annually on such day as they may
name in their by laws, bat the succession
shall not be interrupted if there should be
failure TO elect, in such case the iHcum
bent shall hold over until another election
shall BE called aud held by the stock.
holders, or any three Of them, after notice
as aforesaid, and ev, ry share OF said stock
shall be entitled to one vote in all meet
ings Of the STOCKHOLDERS a majority Of stock
subscribed, represented either in person or
by proxy, shall constitute quorum for the
transaction of business. The President
and Directors may locate the said town
hall at any point within the limits Of the
town of New Windsor, as may appear best
in their judgment
See. 9. And be Il endcted. That the
Board of County School Commissioner OF
Carroll county are hereby authorized aud
empowered TO enter into such leases and
contracts and on such terms as they may
III their judgment deem wise and expedient
with the said Town Hall Company may
occupy part Of the same building with the
Free Public School.
Sec. 9. ind be IL enacted, That this law
may be repealed by the General Assembly
of Maryland at will, but the stockholders
may agree to dissolve the corpo ration, sell
their property, aud settle up the business
OF the concern.
Sec. I. And be il enacted, That this Act
shall take effect from the date of its passage.
Approved April |, 1872.
We do hereby certify that tho aforegoi.g
is correct copy Of an Act Of the General
Assembly Of Maryland, passed at the Jan.
aury session 1872.
MILTON Y. KIDD,
Chief Clerk of the House of Delegates.
AUGUSTUS GASSAWAY,
Secretary of the Senate.