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148
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LAWS OF MARYLAND.
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eighteen hundred and eighty -nine, the sum of three hun-
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dred and fifty-six dollars and sixty-eight cents, the same
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having been erroneously paid by him into the treasury and-
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certified as insolvent, removals and erroneous assessments,
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and its repayment being recommended by the comptroller
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and the treasurer.
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Effective.
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SEC. 2. And be it enacted, That this act shall take effect
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from the date of its passage.
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Approved March 15th, 1892.
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CHAPTER 103.
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AN ACT to incorporate the Dorman and Smyth Hardware
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Company.
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SECTION 1. Be it enacted by the General Assembly of
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Maryland, That Levin W. Dorman, Samuel S. Smyth, L.
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Ernest Williams, Charles F. Holland, William H. McCon-
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Incor-
porated
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key, A. J. Benjamin and their associates and successors in
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office, be and they are hereby constituted and make a body
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corporate and politic under the n ame and style of Dorman and
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Smyth Hardware Company ; and by that name shall have
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perpetual succession, and be capable in law to hold and dis-
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pose of property, to sue and be sued, complain and defend
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in any court of law or equity, to make and use a common
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seal and alter, and renew the same at pleasure, and gen-
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erally to do every other act or thing to carry into effect the
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provisions of this act, or to promote the object or design of"
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the said company or corporation.
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SEC. 2. And be it enacted, That the capital stock of the
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Capital
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said corporation shall be twenty -five thousand dollars ($25, -
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Stock
Stock
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000) divided into two hundred and fifty shares of one hun-
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dred dollars ($100) each, which stock may be increased to
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forty thousand dollars ($40,000) and the said stock may be
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paid as the stockholders may determine.
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SEC. 3. And be it enacted, That the affairs and business
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Business
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of the said corporation shall be managed by five directors
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to be
managed
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who are to be elected as the said stockholders may deter-
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by
directors
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mine ; and the said directors may elect a president, vice-
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president, manager, secretary and treasurer, and such other
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officers as they may see fit, a majority of the said directors
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shall form a quorum and be fully authorized for the trans-
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action of any business, and they shall have full power from
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time to time to make such by-laws, rules, and regulations
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as in theirjudgment they may deem necessary for the wel-
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fare of the said corporation, and may fix the amount -of
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