90
1830.
CHAP 88.
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LAWS OF MARYLAND.
and by that name may sue and be sued, implead and be
impleaded, answer and be answered unto, in any court of
law or equity in this state, and may make, have and use, a
common seal, and the same break, alter and renew, at plea-
sure.
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Certificates of
stock,
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Sec. 6. And be it enacted. That the president and di-
rectors first to be chosen as aforesaid, shall procure certifi-
cates, to be written or printed, for atl the shares of stock
of the said company, and shall deliver one such certificate,
signed by the president, and countersigned by the treasur-
er, and sealed with the seal of the corporation, to each
person for every share by him or her subscribed or held,
upon payment to the treasurer, in part of the sum due
thereon, the sum of five dollars for each share, which cer-
tificate shall be transferable in person, or by attorney, in
the presence of the president or treasurer, subject, howe-
ver, to the payments due, and that may become due there-
on, and the assignee holding any certificate, having first
caused the assignment to be entered in a book of the com-
pany, which shall be kept for that purpose, shall be a mem-
ber of the corporation, and for every certificate so held,
shall be entitled to one share of the capital stock, and of
all the estates, benefits and emoluments, of the company,
and to vote as aforesaid at the meetings thereof.
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Powers grant-
ed.
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Sec. 7. And be it enacted, That the president and di
rectors shall meet at such times and places, and be conven-
ed in such manner as shall be agreed on, for transacting the-
business of the company, and a majority shall be a quo-
rum, who, in the absence of the president, may choose a
chairman, and shall keep minutes of all their transactions
fairly entered in a book; and a quorum being met, they
shall have full power and authority to agree with, and ap-
point such engineer, superintendants, artists, and other of-
ficers, as they shall think necessary, to carry on the said
bridge, and to contract and agree for materials, and all such
articles as they shall deem necessary; to ascertain the times,
manner and proportions, in which the stockholders shall
pay the money due on their respective shares, in order to
tarry on their work; to draw orders on the treasurer for
all money to pay the wages of persons by them employed,
and for the materials and labour done, provided such or-
ders shall be signed by the president, or in his absence by
a majority of the attending directors; and to do and trans-
act all other such acts, matters and things, as by this act,
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Proviso
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or the by-laws, orders and regulations, of the company,
shall be committed to them; Provided also, that the said
president and directors shall not be authorised to call on
the stockholders for a greater sum than five dollars on each
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