358

LAWS OF MARYLAND.

CHAPTER 263.

AN ACT to incorporate the Cambridge Electric Light and

Power Company.

SECTION 1. Be it enacted by the General Assembly of

Maryland, That George E. Austin, Benjamin L. Smith,

Incor-
porated

Joseph H. Johnson, Thomas J. Ewell, and William J. Hol-

land, all residents of the State of Maryland, and their asso-

ciates, successors and assigns, be and they are hereby cre-

ated and made a body corporate under and by the name

and style of the Cambridge Electric Light and Power Com-

pany, and by that name shall have perpetual succession, and

shall be capable to sue and be sued, complain and defend in

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

and alter the same at pleasure, receive aud to make deeds

and contracts ; to acquire by purchase or in any other man-

ner, take and receive, hold, use, employ, manage, 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 corporation to carry out its operations, or fulfill the

purposes named in this act, and generally to do every other

act or thing not inconsistent with law, which may be nec-

essary or proper to promote the objects, designs and purposes

for which this corporation is formed, which are hereby de-

clared to be /or the purposes of manufacturing 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
Cambridge and Dorchester County.

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

Capital
stock

corporation shall be ten thousand dollars, divided into two

hundred (200) shares of fifty dollars ($50.00) each ; which

capital stock may be increased by the president and directors

to be elected as hereinafter provided for, to an amount not

exceeding twenty-five thousand dollars ($25,000).

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

named as incorporators, or a majority of them, may cause

Subscrip-
tion to

books to be opened at such times and places in the town of

Cambridge as they may elect, in which said town their prin-

cipal offices shall be located, and that when fifty or more

shares of said stock shall have been subscribed, said incor-

porators, or a majority of them, shall call a general meeting

of the subscribers at such time and place as they may ap-

point, after having given ten days' public notice of such

meeting by three insertions in one of the weekly newspapers