CHAPTER 97.
AN ACT to repeal section seven of the Act, passed
on the eighth day of March, eighteen hundred and
fifty-six, chapter one hundred and forty-eight, en-
titled an Act to Incorporate the "Kent County
Railroad Company," and to re-enact the same
with amendments.
SECTION 1. Be it enacted by the General Assembly of
Maryland, That the seventh section of the Act,
passed at the January session, eighteen hundred and
'fifty-six, chapter one hundred and forty-eight, enti-
tled an Act to Incorporate the " Kent County Rail-
road Company," he and the same is hereby repealed,
and re-enacted so as to read as follows:
Sue. 7. Be it enacted, That the President, and Direc-
tors shall procure certificates, or evidence of stock,
for all shares of said company, said certificates to in-
clude one or more shares, at the option of the holder
or holders, and shall deliver such certificates, signed
by the President and counter-signed by the Treas-
urer, to each person, for the number of shares by
him or her subscribed and held, and said certificates
shall be transferrable at pleasure, in person or by'
attorney, legally authorized, in the presence of the
President or Treasurer, subject, however, to all payments. due or to become due thereon: and the as-
signee holding such certificate or certificates, having
first caused the assignment to be entered on the
book-. of the company to be kept for the transfer of
stock, shall be a member of the corporation, and
entitled to the share or shares of the capita] stock
mentioned in hid or her certificate or certificates, and
all the rights, emoluments and privileges incident to
such share or shares, and subject to all the liabilities,
penalties and forfeitures, upon such share or shares,
as the original subscriber would have been.
SEC. 2. And he it enacted. That this Act shall take
effect from the date of its passage.
Approved March 28, 1872.
|
Repealed.
Re-enacted; (.
Certificates of
stock.
Transferable.
Assignment.
In force.
|
