lars, to be divided into one hundred and fifty
thousand shares, of the par value of five dollars
each.

Authority to
make calls.

Sec. 2. And be it enacted, That if the said
Company should not increase its capital stock
under the power conferred upon it by the preced-
ing section, then it shall have authority to make
calls or assessments upon the capital stock to an
amount not exceeding, in the whole, the sum of
one dollar upon each share.

Majority of
shareholders.

Sec. 3. And be it enacted, That no increase of
capital stock, and no calls or assessments shall be
made, until this Act shall have been accepted,
and the said increase of capital stock, or the mak-
ing of such calls or assessments shall have been
ordered by a majority in value of the shareholders
in said Company at a meeting convened for the
purpose by notice of not less than one week in
some daily newspaper published in the City of
Baltimore, or by the written assent of the holders
of at least two-thirds of the capital stock.

President and
Directors to
regulate, &c.

Sec. 4. And be it enacted. That the sharehold-
ers, or a majority of them, may commit to the
President and Board of Directors the regulation
of the time and manner of making calls or assess-
ments, and the amount thereof within the limits
aforesaid, and may provide by rule or by law, for
the forfeiture of stock for non-payment of calls or
assessments, and the collection of the same, or may
commit to the President and Directors the power
of providing for such collections and forfeiture,
and the manner of making and enforcing the
same.

In force.

Sec. 5. And be it enacted. That this act shall
take effect from the acceptance of the same by a
majority, in value, of the shareholders convened
in meeting upon notice as provided in the third
section.