| CHARLES RIDGELY, OF HAMPTON, ESQ. GOVERNOR.
agents therefor, and to fix and alter the salaries of the president,
and all other officers and agents of the company; to augment the
capital stock of the said company from time to time as they may
think proper, so that the whole capital stock shall not exceed five
hundred thousand dollars; to regulate and direct the times, terms
and manner, of taking subscriptions to such stock; to direct the
expenditure and investment of the said capital stock, and the improvement
of the company's property; to manage, lease and sell,
the said property, and to declare and make dividends of the company's
income among the stockholders; and it shall also be the duty
of the said president and directors, and their successors, to return
to each subscriber a just proportion of the unexpended funds, if any
shall remain after completing the objects of the association; and for
all the purposes aforesaid the president and seven of the said directors
shall be a quorum. |
1815.
CHAP. 164. |
4. AND BE IT ENACTED, That the said Baltimore
Exchange
Company shall be and hereby is enabled to take and hold real
estate. |
May hold real estate. |
5. PROVIDED ALWAYS, AND BE IT ENACTED, That
such real
estate shall not exceed the value of one hundred thousand dollars
first cost, exclusive of the improvements to be made thereon by the
said company. |
Not to exceed 100,000
dollars. |
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|
|
CHAP. CLXV.
An Act for the relief of William Welch, of Talbot County, an Insolvent
Debtor. Lib. TH. No. 5, fol. 26. |
Passed Jan. 26, 1816. |
1. BE IT ENACTED, by the General Assembly
of Maryland, That
it shall be lawful for the said William Welch to obtain the benefit
of the act of assembly for the relief of insolvent debtors*, together
with the several supplements thereto, on producing to the county
court of the said county the assent in writing of such number of
his creditors to whom two thirds of his debts in amount may be
due. |
Benefit of insolvent
laws extended
to him.
* 1805, ch. 110. |
2. AND BE IT ENACTED, That it shall and may
be lawful for
the executors or administrators of his deceased creditors to give
their assent in writing to his discharge, without subjecting themselves
to the payment of any more of the said debts than shall be
received by them; Provided nevertheless, that in all other respects
the said William Welch shall comply with the requisites of the
aforesaid act, for the relief of insolvent debtors, and the several
supplements thereto. |
Executors may
give their assent.
Proviso. |
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|
|
CHAP. CLXVI.
An Act to incorporate a Company to make a Turnpike Road from the
Frederick and Baltimore Turnpike Road, commencing at
the west
end of Frederick-Town, to Harper's Ferry on the Potomac
River.
Lib. TH. No. 5, fol. 27.
A Supplement, 1818, ch. 168. |
Passed Jan. 27, 1816. |
1. BE IT ENACTED, by the General Assembly
of Maryland, That
a company be incorporated to make a turnpike road from the
Frederick and Baltimore turnpike road, beginning at the west end
of Frederick-town, to Harper's ferry, on the Potomac river. |
Direction of road. |
2. AND BE IT ENACTED, That subscription books
be opened on
or before the tenth day of September next, for a capital stock of |
Subscription
books to be opened. |
|
 |
