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The Maryland Code, Public General Laws, 1888
Volume 389, Page 343   View pdf image
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ART. 23.] CORPORATIONS—MINING. 343

reference to the increase or diminution of the capital stock of
corporations; and if the assent of two-thirds of all the holders of
shares of stock in the said corporation shall be obtained to the
said proposed change, in the manner set forth in the said sections
of this article, then upon the making out and recording, in the
manner therein directed, of a certificate showing a compliance
with all of the said provisions and preliminaries, and setting forth
the business to which the business of said corporation has been
changed or enlarged, then the business which said corporation
may carry on thenceforth, shall be that to which it has been thus
changed or enlarged; and the company shall be entitled to all the
privileges and provisions and be subject to all the liabilities of
this article.

Mining Companies.
1868, ch. 471, sec. 138. 1874, ch. 482.

144. No corporation formed under this article, for any of the
purposes mentioned in classes seven, eight, nine and ten, as herein-
before designated, shall hold more than one thousand acres of land
at any one time, if said corporation is situated in Allegany county;
nor more than five hundred acres if in any other county; nor shall
its capital stock exceed three million dollars; and the presence,
in person or by proxy, of a majority in interest of the stockhold-
ers, shall be necessary to form a quorum for business at any meet-
ing of the stockholders or members.

Ibid. sec. 189.

145. The president and directors of any corporation mentioned
in the preceding section, shall be invested with full power to
locate and construct a railroad or railroads, with necessary appur-
tenances, beginning the same at or near the mines, manufactories
or works of the said corporation, and running to any convenient
point or points that may best suit the convenience and interest.of
said corporation, and to use and control the said railroad or rail-
roads, and the necessary vehicles and appurtenances thereunto be-
longing.

Ibid. sec. 140.

146. It shall not be lawful for any each corporation formed
under this article to occupy any portion of the lands that may be

 

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The Maryland Code, Public General Laws, 1888
Volume 389, Page 343   View pdf image
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