| DEC. 1813.
CHAP. 154.
Proviso. |
LAWS OF MARYLAND.
and ownership therein. 10th. To call general meetings of
the
stockholders from time to time, and at such times and for such
purposes as they shall think proper, giving six weeks notice in
one or more newspapers published in the town of Easton, of the
time, place and purpose, of every such meeting respectively; Provided,
that no such meeting shall be competent to the transaction of
any business whatever, unless there be present thereat the holders
of two hundred and fifty shares at least, or their proxies. 11th.
And generally to do, act and transact, in all things for the said
company, relative to the undertaking, common stock, and joint
property aforesaid, in as full and complete manner as the individual
stockholders or subscribers might do were they personally present. |
| Dividends. |
12. AND BE IT ENACTED, That the president
and directors, or
a majority of them, so soon as the progress of the work, and the
state of the funds will permit, shall make, declare, and pay to the
stockholders, or their legal representatives, half yearly dividends
at certain stated times, on the stock of the company, out of the
income of the company's property, such sum annually as they shall
judge necessary for repairs, augmentations and contingencies. |
Original subscribers,
&c. deemed
members of the
company.
Proviso. |
13. AND BE IT ENACTED, That the original subscribers
to this
association, and the assignees, transferrees, and legal representatives
of all such original subscribers, for ever, shall be taken and
deemed, to all intents and purposes, to be members of the company,
and shall be entitled to all the rights, benefits and advantages,
to arise in any manner therefrom, or from the property, works,
and capital stock thereof, in proportion to the amount of their
stock and interest respectively; Provided, that no transfer or assignments
of the said capital stock shall be valid unless it be made
on the books of the company, and in such manner as the president
and directors, or a majority of them, shall appoint; and every person
or persons, having so transferred or assigned the whole of his,
her or their interest and stock, in the said company, shall thereafter
cease to be a member or members of the said company, to all
intents and purposes. |
Oath of president
and directors. |
14. AND BE IT ENACTED, That the president,
and each director,
before he enters upon the duties of his office, shall take the
following oath, or affirmation, (as the case may be:) " I do solemnly
swear, or affirm, that I will impartially, faithfully, diligently
and honestly, execute the duties of _____, conformably to the provisions
of an act to incorporate a company under the name and
style of The Caroline Manufacturing Company, and the trusts
reposed in me, to the best of my skill and judgment;" and the
clerks, book-keepers, and other officers, shall also take a similar
oath or affirmation, and shall besides give bond, with security, to
the satisfaction of the president and directors, for the faithful discharge
of their duties in their respective stations. |
|
_____
|
Passed Jan. 31, 1814. |
CHAP. CLV.
An Act to straighten the Road from the City of Baltimore to Goodwin
and Ridgely's Mill, on the Falls of Great Gunpowder.
Lib.
TH. No. 4, fol. 199. |
Commissioners appointed
to lay out
and open a road. |
1. BE IT ENACTED, by the General Assembly
of Maryland, That
Hercules Courtney, Daniel Chambers, Peter Bond, John Davis |
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