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LAWS OF MARYLAND.

Capital stock.

of one hundred thousand dollars, and that the stock
shall be divided into shares of twenty dollars each,
and shall be deemed personal property, transferable
in such manner as the said corporation by its by-
laws may direct.

Directors.

Sec. 3. And be it further enacted, That the gov-
ernment and direction of the affairs of the corpora-
tion shall be invested in a Board of Directors, not
less than five in number, who shall be elected by
the stockholders at the annual meeting which shall
he held on the ...... day of ...... in each year, form
the corporators, and their associates and successors,
in such manner as the by-laws of said corporation
may direct.

By-laws.

Sec. 4. And be it further enacted, That the said
corporation shall have full power to make and pre-
scribe such by-laws, rules and regulations as they
may deem needful and proper for the disposition
and management of the stock, property, estate and
effects of the corporation, not contrary to the laws

Powers.

of the United States or the State of Maryland, and
shall have power to alter or amend the same from
time to time, as the interest of the corporation
in their opinion may require.

Repeal at
pleasure.

Sec. 5. And be it further enacted, That this
Act may be altered, amended or repealed at the
pleasure of the General Assembly of Maryland.

Approved April 7, 1870.

CHAPTER 239.

AN ACT to refund to M. F. O'Neal the sum of
Fifty Dollars erroneously paid into the Treasury
of the State.

SECTION 1. Be it enacted by the General Assembly
of Maryland, That the Comptroller be and he is

Comptroller
to issue war-
rant.

hereby directed to issue his warrant on the Trea-
surer to pay to the order of M. F. O'Neal the sum
of fifty dollars erroneously paid into the State trea-
sury, as per certificate of the Governor.

In force.

Sec. 2. And be it enacted, That this Act shall
take effect from the date of its passage.

Approved April 7, 1870.