170

LAWS OF MARYLAND.

lating the concerns of said corporation, not being
contrary to this Act, to erect and establish a build-
ing, or hire or purchase a building, and establish

Printing
office.

printing offices therein ; to edit and publish a
newspaper or newspapers ; to print and publish
books, pamphlets, hand bills, cards and all other
matter usually printed, and to purchase all the
necessary apparatus for the conduct of a general
printing business.

Capital stock.

Sec. 2. And be it enacted, That the capital stock
of said Company shall be ten thousand dollars,
divided into two thousand shares of five dollars
each f but privilege is given hereby to the Board
of Directors of said Company, from time to time,
to increase the said capital stock, by new subscrip-
tions, to the extent often thousand dollars at each
timeof takingnew subscriptions; provided, the same
shall not be increased by successive subscriptions
beyond the sum of one hundred thousand dollars,
and the Board of Directors are hereby authorized
to take such subscriptions whenever they may
deem the same necessary.

Commission-
ers.

Sec. 3. And be it enacted, That the persons
named in the first Section of this Act, or a major-
ity of them, be, and they are hereby appointed
Commissioners to receive subscriptions to the cap-
ital stock of said Company, and they, or a majority
of them, may cause books to be opened at such
time and place in Baltimore Crty or elswhere as
they may direct, for the purpose of receiving such

Open books.

subscriptions, and may keep the same open until
the whole number of shares shall have been taken
or subscribed for ; and in case of new subscriptions,
the Board of Directors may, in like manner, open
the books therefor, and keep the same open until
all the new shares shall be taken or subscribed for.

President.

Sec. 4. And be it enacted, That the persons
named in the first Section of this Act shall be Di-
rectors of said corporation, one of whom shall be
appointed President, and shall have full power to
act as such for the term of twelve months from and
after the organization of said Company, which or-
ganization shall take place as soon as the capital
stock shall have been subscribed for as aforesaid,
and on the expiration of the said twelve months
or such day as the President and Directors shall