| 1814.
CHAP. 78. |
LAWS OF MARYLAND.
capital stock, and shall from time to time declare dividends of the
profits of the concern, and report to the stockholders the state of
their funds; they are also authorised to make such by-laws and
regulations, and the same to repeal at pleasure, as shall be necessary
for the well conducting of the business of the company, not
inconsistent with the provisions of this act; and shall generally
have authority to exercise all the powers and privileges conferred
or or appertaining to this corporation. |
| Sales of real estate. |
6. AND BE IT ENACTED, That sales of the real
estate of the
said corporation may be made with the unanimous consent of the
directors, all of whom shall join in executing and acknowledging,
according to law, conveyances of such estates, when sold as aforesaid. |
Estate, &c, to be
answerable for
contracts. |
7. AND BE IT ENACTED, That all the property,
estate and joint
stock, of the said corporation, shall be bound and answerable for
any contracts or engagements made, or liability incurred by the
directors thereof, or through their agency, or by their authority;
but the stockholders shall in no wise be answerable or liable therefor
in their individual capacities or private estates; and the service
of any writ or judicial process, by an authorised officer, upon any
director, shall be a good service upon the corporation. |
| Teacher to be provided. |
8. AND BE IT ENACTED, That it shall be the
duty of the said
corporation to provide a competent teacher to instruct the children
employed in their service, in reading, writing, arithmetic and good
morals. |
| Special meetings. |
9. AND BE IT ENACTED, That special meetings
of the stockholders
may be called by a majority of the directors, or by any
number of the stockholders who shall be owners of three fourths
of the stock of the company. |
Corporation may
be dissolved, &c.
Proviso. |
10. AND BE IT ENACTED, That this corporation
may be dissolved
on the written application of three fourths of the stockholders
in number, who shall also be bona fide proprietors of three fourths
of the whole stock in amount; and in that event it shall be the duty
of the directors then being, to settle up all the concerns of the
company, without unnecessary delay, and divide and distribute the
whole balance and nett proceeds thereof, among the stockholders,
according to their respective interests; Provided, that no suit
then
depending for or against the said corporation shall be thereby abated,
nor any contract then subsisting by or with the said corporation
be in any manner thereby altered or impaired. |
|
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|
Passed Jan. 13, 1815. |
CHAP. LXXIX.
An Act for the benefit of Persons who have emigrated into this State
since the adoption of the Constitution of the United
States. Lib.
TH. No. 4, fol. 331.
See December 1813, ch. 105. |
Aliens having land
&c. may have right
on being naturalized. |
BE IT ENACTED, by the General Assembly of Maryland,
That
in all cases where any alien hath emigrated into this state since the
adoption of the constitution of the United States, and hath acquired
or become entitled to lands and tenements therein, if such person
after such acquisition as aforesaid, hath been naturalized according
to the laws of the United States, then and in such case, he
or she shall quietly have, possess and enjoy, such lands and tenements,
in the same manner as he or she might or could have done |
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