The Baltimore County union. [volume] (Towsontown, Md.) 1865-1909, 1876-06-24
PUBLIC LOCAL LAW.
BY AUTHORITY

[CHAPTER 129.]
To incorporate the Baltimore County Gas Light
Company.
SECTION 1. Be 1t enacted By the General Assem-
bly, of Maryland, That G. G. Hicks, 0. II. Hicks,
VIM Z. Mali, John Ewell, d. Haggerty, An
drew Banks Thes. Summerville, and James III.
Bond, and their associates, successors and as
signs, be and they are hereby created and made
a body corporate, by the name and style OF the
Baltimore County Gas Light Company, and by
that name shall have succession and shall be
capable in law to hold and dispose of property,
to sue and be sued, to plead and be mpleaded,
to answer and defend, and be answered and
defended, in any court of law or equity, and in
any places whatsoever; to receive and make
deeds and contracts, to make and have and use
a common seal, and the same to break, change,
alter, and renew at pleasure, and to pass all
such by laws as may be necessary to regulate
its affairs, and to do all such acts as shall be
proper and necessary for the pupose Of their
incorporation and no further, and shall have
perpetual succession by said corporate name.
Sec. 2. And be 1t enacted, That the capital
stock of the said company, hereby incorporated,
shall be two hundred and ifty thousand dol
lars, in shares of ten dollars each, which said
capital stock may be increased, by the presi-
dent and directors to be elected as hereinafter
provided for, to an amount not exceeding i've
hundred thousand dollars.
Sec. s. And be 1T enacted, That the persons
hereinbefore named as incorporators, may cause
books to be opened at such times and places in
Baltimore city as they may direct after giving
at least twenty days public notice thereof by
publication in at least two newspapers printed
in Baltimore county and two in Baltimore city,
for the purpose of receiving subscriptions to the
capital stock of said corporation.
Sec. 4. And be 1t enacted, That upon every
subscription to said stock there shall be paid at
the time of subscribing to the said corporators
or to their agents, the sum of two dollars on
every share subscribed, and the residue shall
be paid in such installments and at such times
as the president and directors of said company
shall prescribe and require, and if any sub
scriber shall neglect to pay any installment for
the space of thirty days after the time the same
shall be due and payable, the stock which
it is due and demanded shall, at the discretion
of said president and directors, be forfeited to
the company; provided, nevertheless, that
nothing herein contained shall be construed to
prevent said president and directors from sue
ing for and recovering such unpaid install
ments in like manner as other debts and claims
are recoverable by law.
Sec. 5. And be 1T enacted, That there shall be
a general meeting OF the stockholders on the
| first Monday in May in each and every year,
for the purpose of choosing by BALLOT or other
| wise, seven members of said corporation to be
and constitute a board of directors to manage
the affairs thereof for one year succeeding their
said election, until their successors shall be
chosen, and in all meetings every stakeholder
| shall be entitled to give in person or by proxy
one vote for each share of capital stock stand
| ing in his, her or their name on the books OF
| said corporation; provided, said stakeholder is
| not in arrears in the payments to be made on
| said stock hereinbefore provided for; and until
| the first election for directors as herein prOvi-
ded for, G. C. Hicks, o. Ii. Hicks, VIM. Z. Mali,
John Ewell, D. Haggerty, Andrew Banks, Thos.
Summerville and James H. Bond, Chall be the
directors of said corporation with full power
and authority to act as such.
Sec. 6. Aad be 1t enacted That as soon as
| twenty-five hundred shares of said capital
stock shall have been subscribed, the said cor
porators, or a majority of them, shall give
| twenty days public notce of the time and place
| in Baltimore county and city, of holding an
| election for seven directors of the said compa-
ny, said notice to be given in two newspapers
| published in said county and two in Baltimore
| city, and at such elections the stockholders may
vote in person or by proxy according to the
| number of shares held upon which there are no
| arrears of unpaid and overdue installments;
| and the corporators aforesaid or five or more of
them, shall be judges of the first election of di-
rectors, and any stakeholder not being in ar
rears in payment on his subscription, shall be
| eligible as director, and the said corporators
| shall deliver over the original subscriptions
and all payments received thereon to said di
| rectors Immediately after their election, and
the said directors shall within five days after
| their election proceed to elect one of their own
number president of said company. the said
president and directors to serve until their sue
| cessors shall be elected and qualified herein
after provided.
Sec T. And be 1t enacted, That there shall be
thirty days notice given by the president and
| directors of each annual election of directors
| hereinbefore provided for, said notice to be
| published as in the last preceding section, and
the directors, or majority OF them, shall have
power to appoint judges Of election, and to
! elect president of said company from their
own body, and to allow him such compensa-
ton for his services as they may deem proper,
! and if any vacancy shall occur, by death, res
| ignaton or refusal to act, Of the president or
any of the directors, the remaining directors, or
a majority of them, shall fill the vacancy until
| the next annual election.
Sec. 8. And be it enacted, That the president
| and directors, or ma jority of them, shall have
p wer to appoint all such officers or agents as
| they may deem necessary for the prosecution
OF the business of the corporation, and may re-
| move them at pleasure, and determine the COM
| pensaton to be allowed them, and shall have
| power TO pass all bylaws not contrary to this
4
States, which they may deem necessary or
proper for carrying the object of this act into
effect or for due exercise of the powers vested
| in this corporation, and may from time to time
repeal, change and amend the same, and should
said president and directors determine to in.
crease the capital stock of the said company as
authorized in the second section of this act,
they, or a majority of them shall give the same
notice of the time and place, nf subscribing
such additional stock provided in the prece-
ding sections.
See. 9. And be 1t enacted, That so soon as the
said company shall be organized by the cleo
ton of It's directors and president as hereinbe-
fore provided. it shall be lawful for the said
many and it is hereby authorized to pro-
ceed to Law or cause to be laid along and under
the streets, squares, lanes. alleys, roads and
highways of Baltimore county, paved or I'M
paved, within limit Of four miles from the
present northern boundary of the city of Balti-
more such and as many pipes as may be neces-
sary to carry the gas from their manufactures
which they are hereby authorized to establish
aud carry on within said county, and also to
supply with light any dwelling house or other
building or place whatever belonging to any
individual or individuals or corporation ada
cent to any such street, square, lane, alley, road
or highway in and along which the said pipes
shall be SO laid, and the same from time to
time to repair, renew or remove; provided, OIL