Sec. 6. And be it enacted. That the persons cho-
sen as hereinbefore specified shall have power to
make all such by-laws not inconsistent with the
laws of this State, or of the United States, as they
may deem necessary for the conduct and manage-
ment of the business of the corporation; the hold-
ing of elections, the transfer of stock, and of sub-
scriptions thereto, which by-laws, from time to
time, may be amended, added to, or altered by
the Trustees for the time being, or majority of
said Trustees shall constitute a quorum for the
transaction of business, and shall have power to
appoint and remove at pleasure all officers, clerks
or servants necessary or requisite to carry on the
business of said corporation, and to fill any vacan-
cies in their number occasioned by death, resigna-
tion or otherwise.

May make
by-laws.

Sec. 7. And be it enacted. That Thomas Ken-
sett, William B. Hooper, Samuel M. Shoemaker,
J. Wesley Guest, William H. Stewart, L. W.
Ridgely, Edwin Walters, William H. Allen,
Thomas W. Bevan, F. W. Bennett, George M.
Bokee and Joseph Dorsey are hereby appointed
Commissioners to receive subscriptions to the cap-
ital stock of this corporation, at such time and
place as they may appoint, by giving one weeks'
notice thereof by publication in two daily papers
published in the city of Baltimore, and said sub-
scriptions shall be payable at such time and in
such manner and instalments as the said Commis-
sioners may determine; and in case of default the
corporation may enforce the payment of such sub-
scription by action, or the stock, with all the pay-
ments which have been made thereon shall be for-
feited to the use of the corporation.

Commissioners
appointed.

Sec. 8. And be it enacted, That the stockholders
of such corporation shall be jointly and severally
individually liable for all debts that may be due
and owing to all the laborers and servants of such
corporation for services performed for such corpo-
ration, but no action or proceeding shall be brought
or maintained against any stockholder for any
such debt until the same shall have been due and
unpaid for the space of thirty days.

Liability of
Stockholders.

Sec. 9. Be it enacted, That each and every stock-
holder shall be individually liable to the creditors
67

Further liabilities.