ELIHU E. JACKSON, ESQUIRE, GOVERNOR.

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make deeds and contracts, to acquire by purchase or in any man-

ner take, receive, hold, use, employ, manage, mortgage, dispose

of or in any manner not inconsistent with law, deal with any

property, real, personal or mixed, and situate in or out of this

State, which may be necessary or proper to enable said corpora-

tion to carry on its operations or fulfill the purposes named in

this act, and generally to do every other act or thing not incon-

sistent with law, which may be necessary or proper to promote

the objects, designs and purposes for which this corporation is

formed, which are hereby declared to be f or the purpose of manu-

facturing electricity for illuminating purposes, power and for all

other purposes to which electricity or magnetism may be applied,

and for the sale, transportation or other disposition of the same,

in the city of Baltimore and Baltimore county.

SEC. 2. And be it enacted, That the capital stock of said cor-

poration shall be one hundred thousand dollars ($100,000,) divided

into two thousand (2,000) shares of fifty dollars ($50) each, which

Capital

said capital stock may be increased by the president and directors,

stock.

to be electcd as hereinafter provided for to an amount not exceed-

ing one million dollars ($1,000,000).

SEC. 3. And be it enacted, That the persons hereinbefore named

as incorporators, or a majority of them, may cause books to be

opened at such times and places in the city of Baltimore as they

may elect, in which said city their principal office shall be located,

and that when fifty or more shares of said stock shall have been

subscribed said incorporators, or a majority of them, shall call a

To open
books.

general meeting of the subscribers at such time and place as they

may appoint after giving ten days' public notice of such meeting

by three insertions in one of the daily newspapers in said city;

and at such meeting said incorporators, or a majority of them,

shall lay the subscription books before the subscribers then and

there present, whereupon the subscribers, or a majority of them,

who may represent a majority of the stock so subscribed; shall

elect by ballot five or more directors but not exceeding seven,

who shall be stockholders in said corporation to manage the

affairs of said corporation, which directors, or a majority of them

To elect.

shall have power to elect a president from among the directors,

and in said election and in all other elections by the stockholders

of said company each shareholder shall be allowed one vote for

every share owned by him or her, and every stockholder may vote

either in person or by proxy; and the said incorporators, or a

majority of them, shall be judges of the first election of directors;

and until the first election for directors as herein provided for,

the said incorporators shall be the directors of said corporation

with full power and authority to act as such.

SEC. 4. And be it enacted, That the president and directors

elected at the first meeting of said stockholders shall serve until