| DEC. 1813.
CHAP. 55. |
LAWS OF MARYLAND.
Labes, Simon Blecker, Frederick Hamer, John Reinicker, Conrad
Schultz, Jeremiah Sullivan, Jonathan Manro, McClelland and Seckell,
Finley and Vanlear, Keller and Forman, Fulton and Stark, Christopher
Meineke, George Baily, William W. Taylor, K. Owen,
Joseph Karrick, Luke Tiernan, Briscoe and Partridge, William
Forsyth, P. V. Morrison, Moses Sheppard, R. H. Douglass,
Charles F. Kalkman, Hugh Boyle, Isaac Tyson, Solomon Etting,
Ralph Higginbothom, George Douglass, Philip Littig, D'Arcy and
Didier, Henry Payson, Crosdale and Gibson, Robert Lemmon & Co.
F. and A. Schwartze, J. E. C. Schutze, Lewis Brantz, Rudolph
Vogeler, Peter A. Karthaus, Ferdinand Hurxthal, Christian Mayer,
C. S. Kouig, B. I. Von Kapff, Enoch Clap, Nathaniel F. Williams,
George Williams, Charles Ghequiere, William T. Graham, Andrew
Clopper, P. A. Guestier, Frederick Conig, George T. Dunbar,
Robert Miller, John Randall, William G. Cochran, William Tyson,
Michael Tiernan, Thomas Sheppard, William Hughlett, William
Allcock, Samuel Etting, William Vibrans, William Vance, and
such other persons as hereafter shall become stockholders in said
company, shall be, and are hereby created and declared to be, a
body politic and corporate, by the name, style and title of The
Patapsco Insurance Company, and by the same name shall have
perpetual succession, and shall be able to sue and be sued, implead
and be impleaded, in all courts of law or equity in this state, or
elsewhere, and to make and have a common seal, and the same to
break, alter or renew, at their pleasure, and also to ordain and
establish such by-laws, ordinances and regulations, as shall appear
necessary for regulating the concerns of the said corporation, not
being contrary to this act, or to the constitution and laws of this
state, or of the United States. |
Capital stock—
Payments—Renewal
of notes. |
2. AND BE IT ENACTED, That the capital stock
of the said corporation
shall be three hundred thousand dollars, divided into five
hundred shares of six hundred dollars each, and payable, one-sixth
part of each share or subscriptions in notes with one endorser, to
be approved by the president and directors of said company, which
shall become due on the fourth day of February next, and the remaining
five-sixth parts of each share or subscription in notes with
two endorsers, to be approved as aforesaid and payable on demand,
which said last mentioned notes, or such part of them as shall remain
unpaid, shall be renewed in the month of December in every
year, with the same or two other such endorsers, as the president
and directors for the time being may require and approve; and if
any person shall fail or neglect to deliver to the said president
and directors, on or before the tenth day of March next, the several
notes herein before described, or should fail or neglect to pay when
due the aforesaid notes for one sixth part of each share or subscription,
he shall cease to be a member of the said corporation, and his
share or shares shall be disposed of by the president and directors
to such person as may apply for the same, and be admitted a stockholder
according to the eleventh section of this act; and if hereafter
any stockholder in this company shall neglect or refuse to renew
his notes as above directed, he shall forfeit all his interest in
the said corporation, and his share or shares shall be disposed of
by the president and directors as aforesaid, but the money which
they shall receive from the sale of such share, shares, or parts of |
