68

LAWS OF MARYLAND.

CHAPTER 67.

AN ACT to incorporate the Baltimore Gazette

Publishing Company.

Incorporation.

SECTION 1. Be it enacted by the General Assembly of

Maryland, That Charles J. Baker, William H. Car-

penter, William H. Welsh, Lawrence Sangston, and

Charles H Pitts, their associates, successors and as-

signs be, and they are hereby, created a body corpo-

rate, by the name and style of the Baltimore Gazette

Publishing Company, and by that name shall have

perpetual succession, and shall be capable in law, to
hold and dispose of property, real, personal and
mixed, fee simple or leasehold, to sue and be sued,

to plead and be impleaded, to answer and defend,

und be answered and defended against, in any court

of law or equity, to receive and make deeds and con-

Powers

tracts, to make, have, and use a common seal, and

the same to change, alter and renew at pleasure, to

ordain and establish such by-laws, ordinances and

regulations, as may appear necessary, not being con-

trary to this act, to erect, purchase, lease or hire such

building or buildings as may be deemed necessary or
desirable for the conduct of the business of said cor-

poration, to edit and publish a newspaper or newspa-

pers, to print and publish, books, pamphlets, hand-

bills, cards, and all other matter usually printed, and

to do whatever else may be necessary to the success-

ful conduct of a newspaper publishing and general

printing business.

Capital stock

SEC. 2. And be it enacted, That the capital stock of

said company shall be one hundred thousand dollars,

divided into two hundred shares of five hundred

dollars each: but the said company may organize

and commence its business, whenever not less than

one-half of its said capital stock shall have been

validly subscribed for, and actually paid, either in

cash, or in the transfer to said company of property

of said subscribers, in lieu of cash, upon terms and

valuations to be agreed upon by the whole number

of subscribers at the time ; and the privilege is

hereby given to the stockholders of said company,

by vote of the majority in interest of said stock, to

May Increase

increase the capital of the company, by taking new