| 1816.
CHAP. 260.
|
LAWS OF MARYLAND.
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 or convenient for
the well connecting 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 on or
appertaining to this corporation. |
Joint stock to be
answerable for
contracts. |
5. AND BE IT ENACTED, That all the property,
estate and joint
stock, of the said company, 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 any officer duly authorised,
upon any director, shall be good service upon the company. |
| Specials meetings. |
6. 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 two thirds of
the stock of the company, and when so called and assembled, a
majority present shall be a quorum. |
Corporation may
be dissolved.
Proviso. |
7. AND BE IT ENACTED, That this corporation
may be dissolved
on the written application to the directors of two thirds of the
stockholders in number, who shall also be bona fide proprietors
of
two thirds 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 to divide
and distribute the property on hand, or net balance thereof, among
the stockholders, according to their respective interests; Provided,
that no suit then depending for or against the said company shall
be thereby abated, nor any contract then subsisting by or with the
same, be in any manner thereby altered or impaired. |
| Duration. |
8. AND BE IT ENACTED, That this act shall
continue and be in
force until the first day of January which shall be in the year
eighteen hundred and thirty-two, and to the end of the next general
assembly which shall happen thereafter. |
|
_____
|
Passed Feb. 5, 1817. |
CHAP. CCLXI.
An Act to empower and authorise the several County Courts of this
State to direct the Opening, Straightening, or Shutting
Up, of
Public Roads. Lib. TH. No. 5, fol. 433.
This act repealed by 1818, ch. 89,
provided that any proceedings begun under
its provisions may be proceeded on, &c. |
|
_____
|
Passed Feb. 5, 1817. |
CHAP. CCLXII.
An Act to confirm and make valid a Deed from Ralph Randolph
Wormley, as Attorney for Edward Jenings, of London,
to Richard
Norris. Lib. TH. No. 5, fol. 436. A
Private Act. |
|
_____
|
|
CHAP. CCLXII.
An Act to enable Milcah Owings, the Guardian of Caleb Daughady,
Eleanor Daughady, John Stewart, Susan Stewart and Margaret
Stewart, to sell and convey part of a Lot of Ground
in the City of
Baltimore. Lib. TH. No. 5, fol. 436.
A Private Act. |
|
 |
