6S4

LAWS OF MARYLAND.

Amend.

Sec. 15. And be it enacted, That the General
Assembly hereby reserves to itself the power to
amend, alter or repeal this Act at any time here-
after.

In force.

Sec. 16. And be it enacted, That this Act shall
take effect from the day of its passage.

Approved April 4, 1870.

CHAPTER 378.

AN ACT to incorporate the Chesapeake Coal and
Iron Company.

Incorporation

Section. 1. Be it enacted by the General Assembly
of Maryland, That William Devecmon, Charles H.
Hamill, John F. Ehlen and Anthony Kean, or a
majority of them, and such other persons as may
be associated with them hereafter, in manner and
form herein provided, shall be and they are hereby
incorporated and made a body politic and corpo-

Name.

rate by the name and style of the "Chesapeake
Coal and Iron Company," and by that name shall
have succession, and be able to sue and be sued, to
plead and be impleaded in any court of law or
equity, and may have and use a common seal, and
the same to alter and renew at pleasure, and said
Company shall have all the powers, privileges and
rights necessary for carrying on the manufacture
of iron, lumber and the mining of coal, and for

Powers.

transporting to market the proceeds of their mines,
lands and manufactories, and shall also have power
to purchase and hold all such property, real, per-
sonal and mixed, as they may require for the pur-
poses aforesaid, not to exceed six thousand acres
of land, and the said Company shall have power
to make such by-laws and regulations as may be
necessary, which may not be repugnant to the
laws of this State or of the United States.

Capital stock.

Sec. 2. And be it enacted, That the capital stock
of the said Company shall consist of ten thousand
shares of fifty dollars each, and which capital stock
may hereafter be increased to five million dollars,
if it should be deemed necessary by the President