594

LAWS OF MARYLAND.

improving and disposing of such property, real, per-

sonal and mixed, as may be necessary for the pur-

poses herein authorized, and may sue and be sued,

plead and impleaded, answer and defend in all courts

of law and equity, and may make, execute and de-

liver, and have or cause to be made, executed and

delivered to them, all deeds, transfers, grants, cove-

nants, contracts, agreements and bargains, whatso-

ever, necessary for the purpose and objects of said

association, and may use and have a common seal,

and generally do every other act or thing necessary

to carry into effect the object and provisions of this

act, not inconsistent with the laws of this State or

Ordain by-

of the United States, and to ordain and establish

laws.

such by-laws and regulations as they shall deem ne-

cessary, proper or convenient for conducting the

affairs of the corporation hereby created.

SEC. 2. And be it enacted, That the objects of

said corporation are declared to be the pursuit and

Objects of
corporation.

recovery of stolen horses, mules and all other live
stock and other personal property, and the arrest
and conviction of the thief or thieves, and to insure

the members of said corporation against loss by

theft, in such manner as shall bo regulated by the

by-laws of said corporation.

SEC. 3. And be it enacted, That for the manage-

ment of the affairs of said corporation, the members

thereof shall annually elect a president, vice-presi-

Elect officers.

dent, secretary and treasurer, and tive directors,

who shall be members of said corporation, who shall

hold their office for one year, and until their suc-

cessors are elected, whose duties shall be regulated

by the by-laws, as also the duties of all other mem-

bers.

SEC. 4. And. be it enacted, That candidates for

membership may be proposed by any member at

stated or special meetings, and elected by ballot, and

upon receiving a majority of the votes cast shall

Admission of

become a member of said corporation upon paying

members.

an admission fee of fifty cents ; and the annual con-

tribution of members shall be assessed and regulated

by the president and directors, and in the event of

a failure to pay said annual contribution so assessed,