AN ACT to incorporate the Maryland Industrial
Agency, and to aid railroad companies, farm-
ers, planters, manufacturers and others, to
obtain loans and advances of money and of
credits upon more favorable terms than such
loans and credits are usually given by banks. |
Passed Mar.
21,1867. |
SECTION 1. Be it enacted by the General Assem-
bly of Maryland, That the owners of the shares
herein authorized to be issued be and they are
hereby made a body politic and corporate under
the name and style of the "Maryland Industrial
Agency," with power and authority, under that
name and style, to contract and be contracted
with, to sue and be sued, to plead and be implead-
ed, with all the rights, powers and privileges
which may be necessary and proper for them to
have, possess, exercise and enjoy as a company
incorporated for the purposes hereinafter stated,
and may take, have, hold, possess and acquire by
gift, grant or purchase any property or estate,
real or personal, and the same may use, lease, let,
mortgage, sell, transfer and convey in as full and
ample manner and extent as any individual per-
son may or might do; and it is the purpose of
this Act to organize an incorporated company,
whose capital and funds, or such part thereof as |
Incorporated
—power and
privileges. |