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proper for the manufacture of nails, nail kegs, pig
bloom, bar, plate and sheet iron, rails, machinery
castings and other description of iron, and for the
purpose of mining and digging ore and coal it
the State of Maryland or elsewhere, and of using
and transporting and selling, or otherwise dis-
posing of the same, and said corporation may;
more particularly, may purchase, hold, and use
real, leasehold and personal estate in said State or
elsewhere, may construct such buildings and im-
provements on said lands as may be necessary or
proper in the management of said business, may
sell or otherwise dispose of any or all of the said
leasehold or personal estate, said company may
likewise mine and dig for and procure from said
property, coal, iron or other ore, or minerals, and
may hold, own, use and run such railroad cars,
boats, steamboats, or other means of transporta-
tion as may be necessary or proper for procuring
and transporting for use or sale, its materials and
manufactures, said company shall also have the
right to keep a store for the sale of dry goods,
groceries and other articles to the employees of
said company and others, and generally said com-
pany shall have power to do all such acts as may
be necessary and proper for conducting the busi-
ness thereof. |
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Sec. 2. And be it enacted. That said company
may make such by-laws as may be proper to en-
able it to carry on the objects of its incorporation,
and may at pleasure alter, amend, add to or repeal
the same; provided, that such by-laws shall in no
wise conflict with the constitution and laws of this
State, or the provisions of this Act, and by such
by-laws said company may regulate and prescribe
in what manner and from the contracts and obli-
gations of said company shall be executed, and
likewise the mode of distributing, registering and
transferring the capital stock of the corporation
and the certificates thereof. |
Authority to
make by laws,
&c. |
