| 1818.
CHAP. 195. |
LAWS OF MARYLAND.
Company, and the trusts reposed in me, to the best of my skill
and judgment." |
No stockholder to
be answerable beyond
his share in
stock. |
5. AND BE IT ENACTED, That no stockholder
or member of this
corporation shall be answerable for any losses, debts, contracts,
deficiencies, or failure of the capital stock of this corporation,
beyond
his, her, or their share or shares, in the said stock. |
Stock may be increased.
Proviso. |
6. AND BE IT ENACTED, That the Cape Sable
Company, may
from time to time add such parts of their profits to the capital stock
of the company as they may think necessary, or increase their capital
stock, by a resolve of three-fourths of the stockholders, holding
three-fourths of the whole shares of the stock of the company;
and such additional shares shall be divided among the stockholders
in proportion to the shares held, or they may be sold to any stockholder,
or to any other person, if any stockholder or stockholders
refuse to receive such apportionment, or to make such purchase;
Provided, that the shares of the said company shall not at any
time
exceed three hundred, of which the sixty shares already held shall
be deemed a part; and each share held, and that may hereafter be
subscribed, shall be estimated at one thousand dollars, so as to
make a capital not to exceed three hundred thousand dollars. |
Stockholders to
have access to
books and accounts
at all times. |
7. AND BE IT ENACTED, That the stockholders
in this corporation
shall and may at all times have access to the books and accounts of
the company; they shall receive a dividend from the profits, if any,
quarterly, or oftener, as the president and directors may deem, expedient
and advisable for the interest of the company, and shall
have laid before them, at their annual meeting on the first Monday
in April of every year, a statement of the affairs of the company,
and oftener when required thereto by a call of three-fourths of the
stockholders, holding three-fourths of the stock of the company. |
Property of company
to be held as
real estate. |
8. AND BE IT ENACTED, That the lands, tenements,
stock, property
and estate, of the Cape Sable Company, is and shall be held
as real estate, and shall descend as such agreeably to the acts of
assembly in such cases made and provided, when not otherwise
disposed of. |
Members exempted
from any liability
for former contracts. |
9. AND BE IT ENACTED, That nothing herein
contained shall
exempt any member or members of said company from any liability
in his, her, or their individual capacity, for or on account of
any contract or contracts heretofore made. |
| Continuance. |
10. AND BE IT ENACTED, That this act of incorporation
shall
continue and be in force for forty years, and not afterwards. |
|
_____ |
Passed Feb. 18, 1819. |
CHAP. CXCVI.
An Act for the relief of Infant Children of Henry Stoufer, late
of
Frederick County, deceased. Lib. TH.
No. 6, fol. 425. A Private
Act. |
|
_____ |
Passed Feb. 18, 1819. |
CHAP. CXCVII.
An Act to repeal all such parts of the Laws of this State as authorise
the Courts of Law to sentence Negro or Mulatto
Slaves, or Free
Negroes or Mulattoes, to undergo a confinement
in the Penitentiary.
Lib. TH. No. 6, fol. 425.
See Nov. 1809, ch. 138. |
Negro or mulatto
slaves not to be
sentenced to confinement
in the
penitentiary. |
1. BE IT ENACTED, by the General Assembly
of Maryland, That
from and after the passage of this law, it shall not be lawful for
the courts of law within this state, to sentence any negro or mulatto |
|
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