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CHAPTER 691.
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AN ACT to incorporate " The Cumberland Stone Company."
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SECTION 1. Be it enacted by the General Assembly of
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Incorpora-
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Maryland, That John Schaidt, Henry Wiegand, Lloyd
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tion.
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Durst, Daniel W. Bu'ssard, and David W. Sloan, and all
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other persons who shall hereafter become stockholders in
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the company herebj incorporated, shall be a body corporate
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by the name and style of "The Cumberland Stone Com-
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pany," and by that name shall sue and be sued, plead and
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be impleaded in any court whatever, and have and use a
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common seal, and alter the same at their will and pleasure.
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SEC. 2. And be it enacted, That the capital stock of said
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Capital
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company shall consist of one hundred shares of the value of
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stock
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one hundred dollars each, being ten thousand dollars, with
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the privilege to increase the same by a vote of the stock-
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holders at a special meeting, to be called for that purpose,
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to any amount in the discretion of the directors, not exceed-
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ing twenty -five thousand dollars ; and that the incorporators,
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or a majority of them, named in this act, shall have the
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power to open books for subscription at such times and
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places as they may deem expedient, and when not less than
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fifty shares have been subscribed, and when fifty per centum
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thereon has been paid in, the stockholders may organize the
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company, and may elect not less than five nor more than
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twelve directors to serve until the ensuing annual election,
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or until their successors have been duly elected and qualified,
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and the directors so elected, of said company, when it shall
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have been organized, may, and they are hereby authorized
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and empowered to have and to exercise in the name and
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behalf of the company, all rights and privileges which are
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intended to be hereby given, and should the capital stock
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be increased at any time the stockholders, at the time of
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such increase, shall be entitled to a pro rata share of such
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increase upon the payment of the par value thereof.
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