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Session Laws, 1890
Volume 396, Page 239   View pdf image (33K)
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ELIHU E. JACKSON, ESQUIRE, GOVERNOR.

239

committed to the county jail of said county until such fines and


costs are paid.


SEC. 8. And be it enacted, That this act shall take effect on and

Effective.

after the first day of April next.


Approved March 31, 1890.


CHAPTER 209.


AN ACT to incorporate the Prince George's county abstract com-


pany.


SECTION 1. Be it enacted ly the General Assembly of Maryland,


That Charles H. Stanley, Benjamin D. Stephen, Robert V. Hall,


William Stanley and Pilmore Beal, of Prince George's county,


Maryland, and the subscribers to the stock of the corporation


hereby created and their successors and assigns be and they are


hereby created a body corporate by the name of the "Prince


George's County Abstract Company," and by that name shall have
succession and shall be capable in law to receive, hold and dispose

Body cor-
porate.

of property, to sue and be sued, implead and be impleaded in any


court of law or equity; to make, have and use a common seal,


and the same to break, alter and renew at its pleasure; to make


by-laws for the government of said body corporate and its officers ;


provided the same shall not conflict with the constitution and the


laws of this State, or of the United States, and generally to do


and execute all and singular such acts, matters and things as may


be necessary to carry out the objects of said body corporate.


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


corporate shall consist of five hundred shares of the par value of


fifty dollars each, which may be increased to a sum not exceeding


one thousand shares of the par value aforesaid, at any time with

Capital
stock.

the consent of two-thirds of the stockholders; five dollars shall


be paid in cash on each share at the time of subscribing, and the


remainder in such instalments as the board of directors shall de-


termine and require and under such penalties as the by-laws of


said body corporate shall prescribe.


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


section of this act be and they are hereby appointed commissioners


to receive subscriptions to the capital stock of said body corporate,


and they may, should they see fit, cause books to be opened at


such time and place as they may direct for the purpose of receiv-

Commis-

ing such subscriptions, and may keep the same open until the

sioners.

whole number of shares mentioned shall be subscribed for; but


when ten (10) thousand dollars of stock shall have been subscribed


and the first payment made thereon, then the subscribers may pro-




 
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Session Laws, 1890
Volume 396, Page 239   View pdf image (33K)
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