GEORGE HOWARD, ESQ. GOVERNOR.

1831.

Sec. 8. 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 said capital stock to any
amount not exceeding in the aggregate of said stock, the
sum of one hundred thousand dollars; for which increased
stock, they may, at their option, either cause subscriptions
to be received in such manner as they may prescribe, or
may sell the same for the benefit of the company.

CHAP. 166.

Enlarging the
capital.

Sec. 9. And be it enacted, That a special meeting of the
stockholders of said company may be called at any time,
upon giving ten days public notice, of the time and place of
holding the same, either by the president and directors of
said company, or by stockholders therein holding at least
one fourth of the stock subscribed; and that at such special
or at any of the regular annual meetings of the stockholders,
the stockholders then present, or a majority of them, may
remove the president or any of the directors of said com-
pany, and appoint others in their stead; may repeal or alter
any of the by-laws of the president and directors of said
company, and may pass all such by-laws as they may deem
proper, Provided, that they be not repugnant to or inconsis-
tent with the provisions of this charter, or the constitution
and laws of this State, or of the laws of the United States.

Special meeting
of stockholders.

Sec. 10. And be it enacted, That the objects for which
this company is incorporated, are, and are hereby declared
to be, to promote by the aid of steam vessels, the safe and
speedy navigation of vessels, sailing to and from the port of
Baltimore; to keep open and unobstructed at all seasons of
the year, the navigation to and from said port, and to afford
facilities to owners of stranded or wrecked vessels, or others

Objects of this
company specified

interested in securing the cargoes of such vessels; and that
to effect said objects, the president and directors of said
company, or a majority of them, may, on its behalf, pur-
chase or hire one or more steamboats or other vessels, or
contract for the building and equipment of such boats or
vessels, and may also, on its behalf, purchase or rent any
wharves or warehouses which they may deem necessary or
proper, in connexion with the employment of such boats or
vessels; that the said president and directors, or a majority
of them, may, at their pleasure, appoint or employ on be-

Powers granted.

halt of said company, all such officers, engineers, agents,
laborers or servants, as they may deem necessary or pro-
per to conduct its business, and agree with them for the
compensation; and that the said president and directors, or

Officers.

a majority of them, or their agents for that purpose, may
also contract or agree on behalf of said company, with the

Contract Cor tow-
ing vessels.