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LEVIN WINDER, ESQUIRE, GOVERNOR.
4. AND BE IT ENACTED, That if any justice of
the peace, having
qualified as such, shall accept of any office under the government
of the United States, and shall still act as a justice of the peace,
he shall forfeit and pay for every such offence the sum of forty dollars,
to be recovered before a justice of the peace in the name of
the state, one half to the informer and the other half to be applied
to the use of the county. |
1814.
CHAP. 82.
Penalty for accepting
office under
the general government,
&c. |
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CHAP. LXXXIII.
An Act to incorporate the Powhatan Manufacturing Company of
Maryland. Lib. TH. No. 4, fol. 335. |
Passed Jan. 24, 1815. |
1. BE IT ENACTED, by the General Assembly
of Maryland, That
Nathan Levering, Enoch Levering, Jesse Levering, William Wilson,
junior, Samuel Harden, John McKim, junior, J. F. Schwartze,
A. J. Schwartze and William Lorman, their associates, successors
and assigns, be and they are hereby created a corporation and
body politic, by the name and style of The Powhatan Manufacturing
Company of Maryland, and by that name may have perpetual
succession, and shall be able and capable in law to sue and be sued,
implead and be impleaded, answer and be answered, in any court
of law or equity, and to make and use a common seal, and the same
to change and alter at their pleasure, and to ordain and establish
such by-laws and regulations as shall be necessary or convenient
for conducting the affairs of this corporation, not repugnant to the
laws or constitution of this state or of the United States. |
Company incorporated. |
2. AND BE IT ENACTED, That the objects of
the said corporation
are declared to be the manufacturing and vending of cotton
yarn and of cotton goods, and the carrying on of any other
branches of manufacture in their discretion, for which purposes
they are authorised to purchase and hold lands in fee simple, or
otherwise, not exceeding one thousand acres at a time, and to erect
thereon all needful or convenient buildings. |
Objects of the corporation. |
3. AND BE IT ENACTED, That the capital stock
of said corporation
shall be four hundred thousand dollars, and to consist of four
hundred shares of one thousand dollars each. |
Amount of capital. |
4. AND BE IT ENACTED, That there shall be
a meeting of the
stockholders of the said corporation on the first Monday of January
in every year, or within ten days thereafter, for the purpose of
choosing five directors to manage all the concerns of the company,
who shall be elected, by ballot, in person or by proxy; and each
share shall entitle the holder thereof to one vote. |
Election of directors. |
5. AND BE IT ENACTED, That the board of directors,
(three of
whom shall be a quorum,) at their first meeting after each annual
election, shall appoint one of their number president, to continue
for that year, and they shall fill up all vacancies which may happen
in their body during the year; they are also authorised to employ,
compensate, and dismiss at pleasure, all officers, agents and
superintendants, which may be thought needful or beneficial to the
company; they shall establish regulations for the transfer of the
stock thereof, and for proof of the ownership therein; they shall
have power, in behalf of the company, to enter into contracts, or
make purchases of real estate, and to make purchases and sales of
personal property, and to use therefor the name and seal of the
corporation; they may call for payments by instalments of the |
President—Powers
and privileges. |
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