312

LAWS OF MARYLAND.

Sec. 2. And be it enacted, That on delivering to
each of the stockholders his or their proportion of
the shares so authorized to be distributed, the
Cumberland Coal and Iron Company shall receive

To surrender.

from such stockholder a surrender of nine-tenths
of the shares of capital stock of the Cumberland
Coal and Iron Company then held by such stock-
holder, and shall cancel the shares so surrendered,
and the capital of the last-named company shall
be reduced to the extent of the shares so surren-
dered, so that when said distribution shall have
been completed the capital stock of the Cumberland

Reduction of
stock.

Coal and Iron Company shall be reduced to five
hundred thousand dollars, consisting of five thou-
sand shares of one hundred dollars each.

In force.

Sec. 3. And be it enacted, That this Act shall
take effect from the date of its passage.

Approved March 31,

CHAPTEK 199.

AN ACT to 'incorporate the National Co-Operative
Business Agency Company.

Be it enacted by the General Assembly of Mary-
land, That Augustine J. Smith, Henry H. Lewis,
Sidney C. Long, Archibald M. Smith, Cornelius

Incorporation

B. Hite, Sidney G. Hand and William A. Morgan,
and the subscribers to the stock of the Company,
their successors and assigns, be and they are
hereby declared to be a body politic and corporate

Name and
style.

hy the name and style of " The National Co-Opera-
tive Business Agency Company," and by that
name shall have perpetual succession, and be capa-
ble in law to sue and be sued, plead and be im-
pleaded, answer and be answered, defend and be
defended in all courts of law and equity or else-
where, to make and use a common seal, and the
same to alter or renew at pleasure, and generally

Object.

to do and perform all things, relative to the objects
of its institution, which now is or may be lawful
for any individual or body politic or corporate to do.

Sec. 2. And be it enacted, That the capital stock
of the said company shall consist of one hundred