ODEN BOWIE, ESQUIRE, GOVERNOR. 587
are deemed necessary ; to borrow money, if re-
quired by the company, and secure the same by
mortgage on its property.
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Borrow
money.
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Sec, 5. And be it enacted, That the said Presi-
dent and Directors shall continue in office for one
year, and until the election and qualification of
their successors ; the election of their successors
shall take place annually, on the first Tuesday in
June, from among the stockholders, by ballot, of
which there shall be given due notice of at least
twenty days, and if such election do not then take
place, the said corporation shall not thereby be
dissolved, but an election may be held on any other
day, due notice thereof being given in the town of
Towsontown, in one or more newspapers printed
in that town, at least twenty days before such
election.
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Hold over.
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Sec. 6. And be it enacted, That the stock of this
corporation shall be deemed personal estate, and
shall, with all the effects of the company, be liable
therefor; and the service of any judicial process on
the President or any four of the Directors shall be
sufficient service on the company.
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Personal
estate.
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Sec. 7. And be it enacted, That if any person or
persons shall injure the works of this corporation,
they shall forfeit and pay the damages sustained
therefrom, to be recovered, with costs of suit, in
the name of said corporation, before any Court or
Justice of the Peace having cognizance thereof.
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Injure — Pen-
alty.
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Sec. 8. And be it enacted, That nothing herein
contained shall be construed to give to the said
company any banking privileges, and the General
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Not to issue.
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Assembly hereby reserves the right to alter, amend
or repeal the charter hereby created, and that
nothing contained in this Act shall authorize the
said company to erect their gas works or manufac-
tory within two hundred yards of the main street
of Towsontown.
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Amend.
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Sec. 9. And be it enacted, That this act shall
take effect from the day of its passage.
Approved April 4, 1870.
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In force.
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