DANIEL MARTIN, ESQUIRE, GOVERNOR.
Library Company, and by that name shall be and are here-
by made able and capable in law to sue and be sued, plead
and be impleadcd, answer and be answered, defend and be
defended, in any court of record, or any other place what-
ever.
|
125
1830.
CHAP. 119.
|
Sec. 4. And be it enacted. That the officers of the said
company shall be governed by such rules and regulations
as the said managers and directors, and their successors, or
a majority of them, shall from time to time think proper
to adopt.
|
Rules.]
|
Sec. 5. And be it enacted, That the said managers and
directors shall be chosen annually from among the stock-
holders of the said company.
|
Managers to be
chosen annual-
ly-
|
CHAPTER 119.
An Act for the promotion of Internal Improvement,
|
Passed Feb 16»-
|
Section 1. Be it enacted by the General Assembly of
.Vary /and, That the treasurer of the western shore be,
and he is hereby authorised and directed, to subscribe for
and on behalf of the state of Maryland, for two thousand
shares of stock in the Baltimore and Susquehanna Rail
Road Company; Provided always, that before any such
subscription shall be made, the president and directors ol
.said company shall agree and certify to said treasurer un-
der their corporate .seal, their agreement to accept in pay-
ment of the instalments becoming clue on such subscrip-
tions, as they may be called for, certificates of stock ot
the state of Maryland at par, redeemable for fifteen years,,
and bearing an interest of four and a half per centum per,
annum, to commence upon any such certificates at the ex-
piration of twelve months alter the same shall have been
issued; And provided also, that before any instalment
which may be called for by said company .shall bo paid by
said tieasurer upon the stock subscribed by the state,
the said treasurer shall be satisfied, by a certificate, the
seal of said company, signed by the president and the di
rectors on the part of the state, if there he any then ap-
pointed, that stock to the amount of three hundred and
fifty thousand dollars to the said company has been sub-
scribed for by individuals and corporations, and that the
instalment thereon, similar to that required to be paid on
behalf of the state, and all the previous instalments which
may have accrued thereon, have been paid.
|
Treasurer an-
thorised to
subscribe for
stock in Haiti-
more and Sus-
quehanna Rail,
Road Compa-
ny.
Provisos,
|
|
 |
