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Incorporators
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Grafflin, Horatio E. Berry, John T. Gibbons and
William H. Grafflin their associates, successors and
assigns, be and they are hereby created a body
corporate, by the name and style of the " Patapsco
Chemical Works," and by that name shall have
perpetual succession, and shall be capable in law
to hold and dispose of property, real, personal and
mixed, fee simple or leasehold, to sue and be sued
to plead and be impleaded, to answer and defend
and be answered and defended in any Court of Law
or Equity, and in any other place whatsoever, to
receive and make deeds and contracts, to make,
have and use a common seal, and the same to
change, alter and renew at pleasure, to ordain
and establish such by-laws, ordinances and regula-
tions as may appear necessary for regulating the
concerns of said corporation, not being contrary to
this Act, to erect and establish Chemical Works
in Baltimore City or county, or in either place; to
purchase and sell all kinds of Chemicals, whether
manuiactured or not; to manufacture and work
chemicals in all its branches, and generally to do
all such acts and things as shall be proper and
necessary to procure chemicals, to work and manu-
facture the same, and to sell and dispose of the
same.
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Capital stock
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Sec. 2. And be it enacted, That the capital stock
of said corporation shall be one hundred thousand
dollars, divided into two thousand shares of fifty
dollars each; and privilege is hereby given to the
said Company to increase its capital stock to three
hundred thousand dollars by new subscriptions,
whenever the same shall be so determined by the
Board of Directors.
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Open books.
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Sec. 3. And be it enacted, That the persons named
in the first Section of this Act, or a majority of
them, be and they are hereby appointed Commis-
sioners to receive subscriptions to the capital stock
of said Company, and they, or a majority of them,
may cause books to be opened at such time and
place, in Baltimore City, or elsewhere, as they
may direct, for the purpose of receiving such sub-
scriptions, and may keep the same open until the
whole number of shares shall have been taken or
subscribed for.
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