208 LAWS OF MARYLAND.
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William H. Purnell, J. K. Hindes, John W. Da-
vis, William H. Jillard and William Crichton
and their associates, successors and assigns
be and they are hereby created and made a
body corporate by the name and style of the
Equitable Gas Light Company of Baltimore city
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 impleaded,
answer and defend, and be answered and defended
in any Court of law or equity and in other places
whatsoever, to receive and make deeds and con-
tracts, to make and use a common seal and the
same to change alter or renew at pleasure and
generally to pass all such by-laws as may be ne-
cessary to regulate its affairs and to do all such
acts as shall be proper and necessary for the pur-
pose of their incorporation and no further, and
shall have perpetual succession by said corporate
name. |
Capital stock
limited. |
Sec. 2. Be it enacted, That the capital
stock of the Equitable Gas Light Company of Bal-
timore city shall be two millions of dollars in
shares of one hundred dollars each which said capi-
tal may be increased by the President and Direc-
tors to be elected as hereinafter provided for any
amount not exceeding three million dollars. |
Amount to
be paid upon
subscribing. |
Sec. 3. And be it enacted, That upon every
subscription to said stock there shall be paid at
the time of subscribing to the said Corporators or
their agents, the sum of five dollars on every
share subscribed, and the residue shall be paid in
such instalments as the President and Directors of
said Company shall afterwards require, and if any
subscriber shall neglect to pay any instalment for
the space of thirty days after the time the same
shall be due and payable, the stock on which it is
demanded shall, at the discretion of said President |
Proviso. |
and Directors, be forfeited to the Company; provi-
ded, nevertheless, that nothing heroin contained
shall be construed to prevent said President and
Directors from sueing for and recovering such un-
paid instalments so in arrears in like manner as
other debts and claims are recoverable by law. |
General meet-
ings to be held. |
Sec. 4. And be it enacted. That there shall be
a general meeting of the Stockholders on the first |
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