202

LAWS OF MARYLAND.

Shall be en-
titled.

SEC. 10. And be it enacted, That the said company
when duly organized as hereinbefore provided, shall
be entitled to and may have, hold and exercise all
the rights and privileges granted to the Gaslight
Company of Baltimore by the second, third, fourth
and fifth sections of the ordinances of the Mayor
and City Council of Baltimore, entitled an ordinance
to provide more effectually for lighting the streets,
squares, lanes and alleys of the City of Baltimore,
approved June seventeenth, eighteen hundred and
sixteen, and the act of the General Assembly of De-
cember session eighteen hundred and sixteen, chap-
ter two hundred and fifty-one so far as the same are
not inconsistent with the provisions of this act, and

Liable.

the said company hereby incorporated, shall be liable
to all the duties, restrictions and penalties provided
for in said sections of said ordinance and in said act
of Assembly.

Personal
estate.

SEC. 11. And be it enacted, That the stock of this
corporation shall be deemed personal estate, and
shall with all the effects of the company be liable for
its debts, but the stockholders individually shall not
be liable therefore, and the service of any judicial
process on the president or any four of the directors
shall be sufficient service on the company.

Be construed.

SEC. 12. And be it enacted, That nothing in this act
shall be construed as to authorize the said company
to issue any note, token, scrip or other evidence of
debt to be used as currency, and the General Assem-
bly hereby reserves the right to alter, amend or re-
peal this act as the public good may require.

Deemed void.

SEC. 13. And be it enacted, That unless the twenty-
five thousand shares of stock herein authorized shall
have been subscribed and one half the par value
thereof paid in cash before the year eighteen hun-
dred and seventy-eight, this act shall be deemed void
and of no effect and the General Assembly of Mary-
land, hereby reserves to itself the right to alter, re-
peal or amend the same at its pleasure.

Approved March 25, 1876.