LAWS OF MARYLAND.
CHAPTER 31.
Passed Feb.
13, 1867. |
Entitled, AN ACT to incorporate the Ashland
Iron Company of Baltimore county. |
Incorporated
—power and
privileges. |
SECTION 1. .Belt enacted by the General Assembly
of Maryland, That George Small, Edward Patter-
son, Jr., Samuel Small, Philip A. Small, James
C. Clarke and W. Latimer Small, their associates,
successors and assigns, bo and they are hereby
created a body corporate by the name and style of
the Ashland Iron Company of Baltimore county,
and by that name shall have perpetual successions
and shall be capable in law to purchase, hold and
dispose of property, real, personal or mixed, fee,
simple or leasehold, to sue and be sued, to plead
and bo impleaded, to answer and detend in any
Courts of Law or Equity; to receive and make
deeds and contracts, to make, have and use a com-
mon seal, and the same to change, alter and renew
at pleasure, to ordain and establish such by-laws,
ordinances and regulations as may appear necessa-
ry for regulating the concerns of said Corporation,
not contrary to this Act; to erect and establish
Iron Works or Buildings necessary for said Works
in Baltimore county or Baltimore city, or in either
'place, to purchase and sell all kinds of iron whether
manufactured or not, to manufacture and work
iron in all its branches, and for the purpose of ob-
taining iron ore and coal; and whatever else may
be necessary for the manufacture or making iron,
and for the transportation thereof, to own or lure
vessels, cars, wagons or other vehicles and the
same to sell and dispose of ;and generally to (lo all
such acts and things as may be proper and neces-
sary to procure ore, coal and such other materials
as may be necessary to manufacture or work iron
and to sell and dispose of the same, whether in its
raw or manufactured state. |
Capital stock
limited. |
Sec. 2. And be it enacted, That the capital stock
of said Corporation shall be one hundred and fifty
thousand dollars, consisting of shares of two hun-
dred and fifty dollars each, and privilege is hereby
given to said Corporation to increase the capital
stock so as not to exceed one million of dollars by |
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