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CHAP 353
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to the business and property aforesaid; Provided, that
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Limit of estate
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the said company shall at no time hold or possess more
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than one thousand acres of land, exclusive of the lands
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and mines that were commonly used and employed
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with the forges, rolling mills and other improvements,
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with their appurtenances, whether in Baltimore or
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Ridgely works
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Harford counties, and of which Charles Ridgely, of
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Hampton, died seized and possessed, and also exclu-
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sive of the quantity which may be occupied as the bed
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of any road or roads which it may he found necessary
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General powers
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to construct; and may for the purpose aforesaid, have
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and exercise, except as restricted by this act, the right
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to make by-laws, rules and regulations, and all the
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rights and powers usually incident to corporations,
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and generally all the rights, privileges and powers ne-
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cessary to the objects of this act, and to the use, con-
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trol and disposition of the property acquired by them,
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and not repugnant to any law of this State, or of the
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United States.
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Capital stock
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SEC. 2. And be it enacted, That the capital stock of
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said company, shall consist of at least two thousand
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shares, of one hundred dollars each, of which the lands
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and mines, forges, rolling mills, other improvements
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and their appurtenances, to the said David Ridgely,
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Priscilla White and other devisees of the said Charles
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Ridgely, of Hampton, belonging, may constitute apart,
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at such price as may be fixed by the said David and
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Priscilla, and approved by the Orphans' Court of Bal-
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timore County, and shall be made known by the com-
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missioners hereinafter mentioned, before any subscrip-
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tion to the said capital stock shall be received by them
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Increase of capital
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from any person; and the president and directors of
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said company shall have power to increase the said ca-
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pital stock, from time to time, to such an amount as
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may be found necessary or convenient for the objects
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Limit
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of this act; Provided, the amount of said capital stock
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shall not at any time exceed five thousand shares, or
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five hundred thousand dollars.
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Commissioners to
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SEC. 3. And be it enacted, That the subscriptions to
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take stock
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the capital stock of the said company, shall be receiv-
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ed under the direction of James Howard, James Car-
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roll, George Howard, Henry D. G Carroll, Henry B.
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