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Sec. 8. And be it enacted, That the president and direc-
tors or a majority of them shall have full power, after giv-
ing at least thirty days previous notice, by advertisements
inserted in such newspaper or newspapers as they may deem
proper, to forfeit and dispose of for the use of the company.
any share or shares of stock upon which one or more in-
stalments shall be due and unpaid; unless the instalment
or instalments so due with interest thereon from the time
when the same shall have been made payable, shall be paid
before the day limited in such notice, or the owner of such
stock may be compelled by action to pay all such instal-
ments: Provided always, that no stockholder shall be liable
in his person or property for any contract of or claim
against said corporation; but that the joint stock, proper-
ty, credits, rights and effects of said company and nothing
more shall be liable for the same; and the service of legal
process on any of the directors shall be a sufficient service
on the aforesaid corporation.
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Method of proceed-
ing to insure pur-,
ment on stock
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Sec. 9. And be it enacted, That the objects for which this
company is incorporated are and are hereby declared to be
to establish a line or lines of steam boats and stages, to
facilitate, improve and expedite intercommunication be-
tween the city of Baltimore and the head of navigable
waters of great Choptank river, as also on, and in any of
the waters of the Chesapeake bay; to connect if necessary
with the said line or lines of steamboats, a line of stages
or other carriages to transport passengers and baggage to
any part of the peninsula on the eastern shore of this state;
to enable the said company to accomplish the objects in-
tended by this incorporation, the president and directors of
said company, or a majority of them, may, on its behalf,
build, purchase or hire one or more steam boats or other
vessels, or contract for the building and equipment of such
boat or boats, vessel or vessels, carriage or carriages, or
other necessary articles, and may also on its behalf purchase
or rent any wharves, warehouses, places of landing, which
they may deem necessary, in connexion with the employ-
ment of such boat or boats, vessel or vessels, stages or
carriages as aforesaid.
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Objects defined—
power granted
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Sec. 10. And be it enacted, That if the capital stock of
the said company shall be by them deemed insufficient, the
president and directors thereof, or a majority of them may
from time to time increase the capital stock to any amount
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Capital may be in-
creased
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