WILLIAM T. HAMILTON, ESQUIRE, GOVERNOR. 377

	that name may have succession and be capable in
	law and equity to sue and be sued, to adopt and use
	a common seal, and adopt such by-laws and regula-
	tions as may be necessary to conduct the affairs of
	the corporation, not repugnant to the laws of this
	State.
	SEC. 2. And be it enacted, That the capital stock
	of said corporation shall not exceed ten thousand	Capital stock
	dollars, and shall be divided into shares of fifty dol-
	lars each.
	SEC. 3. And be it enacted, That the officers of said
	corporation shall consist of a board of five directors,
	one of whom shall be elected president, and a sec-	Officers.
	retary and treasurer, to be selected by said board of
	directors, said officers to perform such duties as may
	be required by the by-laws of said company.
	SEO. 4. And be it enacted, That the object of this
	corporation is hereby declared to be the erection of
	a building in Chestertown, to be used as a town hall
	and for other purposes, and to buy, hold, sell, lease	Object of cor-
	and mortgage such real and personal property as	poration.
	may be necessary for the uses and purposes of said
	corporation ; and said corporation is hereby vested
	with all such powers and rights as may be necessary
	for the proper management of said corporation.
	SEC. 5. And be it enacted, That the County Com-
	missioners of Kent county be and they are hereby
	authorized and empowered to grant the said corpo-
	ration the use and occupation of such a portion of
	the public land in Chestertown as they may deem	Grant land.
	proper, which land is to be free from all charges for
	rent and taxes by the State, county or town author-
	ities, said corporation to pay the usual taxes on the
	improvements which it may erect thereon.
	SEC. 6. And be it enacted, That this act shall take	Effective.
	effect from the date of its passage.
	Approved April 14, 1880.