136
LAWS OF MARYLAND.
Passed April
14, 1853.
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CHAPTER 130.
AN ACT to incorporate the Stockholders of the Cape
Look Out Pavilion
Company.
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Incorporated.
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SECTION 1. Be it enacted
by the General Assembly
of Maryland, That William H. Dunkinson, Ferdinand
W. Risque, Edwin Robinson, their associates,
successors and assigns, shall be, and they are hereby
constituted a body politic and corporate by the name
and style of the Cape Look Out Pavilion company,
and by that name shall have perpetual succession, and
may sue and be sued, implead and be impleaded, in
all courts of law and equity, and may have a common
seal, and the same may break, alter or renew at their
pleasure, and the purpose, objects and business of said
corporation, shall be, and are hereby declared to be the
erection of buildings for the accommodation of visiters,
the erection of bathing houses, and the having and
holding of all such real and personal property and estate,
and performing all such acts as shall be found by
said corporation necessary and useful for the objects and
purposes aforesaid of the said corporation.
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Capital stock.
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SEC. 2. And be it enacted,
That the capital stock of
said corporation shall at no time exceed one hundred
thousand dollars, to be divided into shares of one hundred
dollars each, said shares to be held and be transferable
and assignable as personal property, but they
shall be transferable only on the books of the corporation
by the holder or his attorney.
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Directors to
be chosen.
First election.
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SEC. 3. And be it enacted,
That for the governing
and transacting the business, and carrying into effect
the objects of the said corporation, there shall be chosen
from among the stockholders, three directors, by ballot,
to serve for two years and until successors are chosen;
the first election shall be laid on the first Monday of
August next, and thereafter elections shall be held on
the same day in every second year; a stockholder shall
have as many votes as he holds shares, which may be
voted in person or by proxy.
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Service
of
legal process.
Banking forbid.
Reservation.
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SEC. 4. And be it enacted,
That service of legal
process on any director shall be deemed as service on
the said corporation; it shall not exercise any banking
privileges; and the Legislature shall have the privilege
of altering, amending and repealing this charter at discretion.
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