EDWIN WARFIELD, ESQ., GOVERNOR.

763

SEC. 2. And be it enacted, That all Acts or parts of Acts

inconsistent with the provisions of this Act be and the same

are hereby repealed, so far as they apply to Pocomoke City or

to the Mayor and Council of Pocomoke City.

SEC. 3. And be it enacted, That this Act shall take effect

from the date of its passage.

Approved April 8, 1904.

CHAPTER 441.

AN ACT to incorporate the Octoraro Granite Company of

Cecil County, Maryland.

SECTION 1. Be it enacted by the General Assembly of Mary-

land, That David M. Willets, Joseph P. Cutler, Franklin Hel-

ler, David M. Rogan, W. C Cutler and all other persons who

shall hereafter become stockholders in the company hereby in-

Octoraro Gran-

corporated, shall be a body corporate by the name of the Oc-

ite Company,
of Cecil

toraro Granite Company of Cecil County, Alary land, and by

County, Md.

that name shall have perpetual succession.

SEC. 2. And be it enacted, That the said corporation under

the above name shall be capable in law of pure^ing, holding,

Corporaton
shall be capa-

possessing, selling and conveying property, real, personal- and

ble in law

mixed, for the purposes hereinafter mentioned, and by said cor-

porate name may sue and be sued, and may make, have and

use a common seal, and have and enjoy and may exercise all

the powers, rights and privileges, acts, matters and things in-

cident and necessary to the purposes of said corporation as

created by this Act.

SEC. 3. And be it enacted, That the capital stock of said

company shall be fifteen thousand dollars, with the privilege

to increase the same to twenty-five thousand dollars, and shall

be divided into shares of twenty-five dollars each, which shall

Capital stock

divisible in

be collected by the president and directors of said corporation

snares.

in such instalments and at such time and place as they may

appoint and require, and if any subscriber, to said corporation

shall neglect or fail to pay any instalments or parts of their

subscription thus demanded for the space of thirty days next

after the time the sum shall be due and payable, the stock on

which it is demanded shall, at the pleasure of said president

and directors, be forfeited to the company and sold for its

benefit, but the said president and directors may, in their dis-

cretion, remit such forfeiture or recover in the name of the

company such instalments by suit or action at law or in any

other way, and upon such terms as they may deem proper.