EDWIN WARFIELD, ESQ., GOVERNOR.

697

the name of "The Tube Delivery and Dispatch Company," and

by that name shall have perpetual succession.

SEC. 3. And be it enacted. That the said company under the

Capable in

above name and style shall be capable in law to sue and be sued.

law.

plead and be impleaded. to answer ami be answered in any court

of law or equity, to make and issue a common seal and to alter

the same, and generally do and perform such acts and make all

such contracts and agreements as may be necessary for the pur-

poses of its business.

SEC. 3. And be it enacted. That said company shall have the

Company's

power to rent, lease or convey property to or from or contract

power.

with the State of Maryland. the various cities, counties, towns

therein or corporations or individuals within the said State or

out of said State, and to contract with corporations, individuals.

towns, counties or cities for the delivery by and the use of its

tubes to convev merchandise and other substances, elements

and compounds, and the creation of vacuum for the operation

of its plant; and be it enacted, that the said company, before

it proceeds to do business in any city or county in this State,

shall receive a permit from the County Commissioners if in

the county, and the Mayor and City Council or other proper of-

ficials if in a city. And it is herein authorized to install such

plant, tubes, buildings and other apparatus and paraphernalia

as may be necessary or convenient for the transaction of its

business.

SEC. 4. And be it enacted, That said company shall have the

Novelty in-

power to acquire, improve, use or dispose of any novelty, inven-

vention etc.

tion or process patented by the United States, and for the lease

or other disposition of such articles, and shall have the power to

manufacture, procure and distribute such power, merchandise

and other substance, elements and compounds as may be neces-

sary for its business.

SEC. 5. And be it enacted. That the capital stock of said com-

Stock capital-

pany shall be fifty thousand ($30,000) dollars, and divided into

ized;

one thousand shares at the par value of fifty dollars each, with

the privilege at any time to increase the same by two-thirds vote

of the stockholders to any amount that may be deemed suffi-

cient and proper for the purposes of said company ; and the

stockholders shall elect not less than five or more than twelve

directors to serve until the ensuing annual election of officers

or until their successors have been duly elected and qualified ;

and the directors of said company so elected and qualified, when

it shall have been organized, are hereby authorized and empow-

ered to have and exercise in the name and behalf of the com-

pany, all rights and privileges which are intended to be hereby

given ; and should the capital stock at any time be increased.

the stockholders at the time of such increase shall be entitled

to pro rata shares of such increase upon payment of the par

value of the same.