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Proceedings and Acts of the General Assembly, March 30, 1868
Volume 142, Page 2838   View pdf image (33K)
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500

LAWS OF MARYLAND.
 

seven hundred and fifty thousand dollars, divided
into shares of fifty dollars each.

Commission-
ers.

Sec. 3. And be it enacted, That Jacob Shower,
George Everhart, Edward Lawson, Elisha Wheel-
er, Elisha Jackson, James C. Clarke, Richard
Johns, Dr. J. Kemp, J. W. Fowble, Thos. H.
Matthews, L. C. Myerly, Benjamin I. Worthing-
ton, Benjamin Gorsuch, Adam Shower, John D.
Matthews, John K. Harvey, Thomas Lucas, Rich-
ard I. Worthington, Thomas Watts, Evan Davis,
Joshua L. Benson, Joshua F. Benson, J. H. Mil-
lendore, John H. Lammott and Edward Wor-
thington, are hereby appointed Commissioners,
any three or more to open books and receive sub-
scriptions for said capital stock, at such time and
times, and place or places as they shall deem
proper ; any seven of them shall have power to
act; they may fill vacancies occurring in their
own body by death, resignation or otherwise ; they
may appoint persons to superintend the receiving
of subscriptions, and to receive money payable
thereon ; may call a meeting of the subscribers at
such time and place, and with such notice as they
deem proper, after the minimum amount of capi-
tal aforesaid shall be subscribed, and may do all
such other lawful acts as shall be proper to consti-
tute and organize the said Corporation, until the
first Board of Directors shall be elected, including
the power (in person or through persons appointed
by them) to superintend, conduct, scrutinize and
certify that election.

Organized.

Sec. 4. And be it enacted, That at the meeting
of subscribers, to be called as aforesaid, or at any
meeting held by an adjournment thereof, from
time to time, there shall be an election of Direc-
tors, and from the time of such election the said
Corporation shall be deemed to be completely or-
ganized and constituted with all the facilities,
rights and privileges hereby granted.

Powers.

Sec, 5. And be it enacted, That the said Cor-
poration shall have all the powers, qualities, facul-
ties, rights and privileges which lawfully belong
to Corporations generally, so far as the same shall
be necessary for the purposes of its incorporation,
including perpetual succession, the right to have

and use a common seal and to change the same



 

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Proceedings and Acts of the General Assembly, March 30, 1868
Volume 142, Page 2838   View pdf image (33K)
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