CHAPTER 53.
AN ACT to incorporate the Lubricating Car Axle
Company of Baltimore.
SUCTION 1. Be it enacted by the General Assembly of
Maryland, That Hiram McCullough, William II.
Peirce, Joseph Lichstenstein. Charles F. Smith and
John F. Ehlen, and such other persons as may be
associated with them in the manner hereinafter pro-
vided, shall be and they are hereby constituted a
body corporate and politic, by the name of the Lu-
bricating Car Axle Company, and by that name shall
have succession, and he able and capable to sue and
be sued in any court whatever, and may have and
use a common seal, and the same alter and renew at
pleasure, and shall have all the franchises, powers,
faculties and rights necessary and proper for the car-
rying on the manufacturing of boxes for lubricating
car axles, or disposing of rights to others to manu-
facture and sell the same, as well as the beneficial
management of its business generally, and shall also
have power to make and pass such by-laws, rules and
regulations for the management and government of
its affairs, officers, directors and agents, as may be
deemed necessary or proper, which may be also
amended, changed or repealed, at any and all regu-
lar meetings of the stockholders of said company;
provided, however, that such by-laws shall not be
repugnant to any law of this State, or of the United
States.
SEC. 2. And be it enacted, That the capital stock of
said company shall be not more than one million of
dollars, to be divided into shares of fifty dollars each,
which shall be considered as personal property, and
shall be transferable in such manner as may he pro-
vided by the by-laws of said company, and each
share thereof shall entitle the holder to one vote in
all meetings of the stockholders of said company, to
be given cither in person or by proxy, and for the
purpose of obtaining subscriptions to the -said capital
stock, books shall be opened under the direction of
the persons named in the first section of this Act,
or a majority of them, at such time and place as the
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Incorporat'n.
Dispose of
rights.
Pass by-laws.
Proviso.
Amount of
capital stock.
Subscript'ns.
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