clerks, and other officers necessary for the carrying on the
business of the company, and to fix and pay, out of the funds of
the said company, the compensation of such clerks or other officers;
and generally to make all contracts in relation to the affairs
of the company; also to sell, let or hire, or otherwise to dispose
of, all or any part of the joint estates and effect of the company,
on such terms and conditions as the said president and directors
may think proper, and all necessary contracts and conveyances
thereof to make and execute.  Fourthly, to receive, use, dispose of,
and employ, for the purposes aforesaid, all the capital stock, money,
property and funds, of the said company, keeping and rendering
to the stockholders at each annual meeting for the election
of directors, a particular account of all the money, property, stock
and funds, received, disbursed and disposed of, in the course of
the year then next preceding, and of all contracts, purchases and
sales, made within the same period, which shall at all times be
subject to the inspection of the stockholders.  Fifthly, to provide
for and pay out of the funds of the company, the expenses necessarily
incurred in the management of the company's affairs
and concerns.  Sixthly, to bind by their contracts, deeds and
writings, under the hand of the president, and seal of the company,
all the property, estate, common stock, and joint funds, of
the company, but not the personal or separate property of themselves,
or any of the stockholders.  Seventhly, to establish rules
and regulations for the transfer of the stock of said company, and
for the proof of property and ownership therein.  Eighthly, 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 ten days notice in some newspaper printed in Baltimore of
the time, place and object, of such meeting respectively; Provided
however, that no such meeting shall be competent to the transaction
of any business whatever, unless there be present thereat
the holders of two thirds of the whole stock of the company, or
their proxy.  Ninthly, and generally to do and transact in all
things for the said company relative to the undertaking, common
stock, and joint funds and property aforesaid, in as full and complete
a manner as the individual stockholders might do were they
personally present.