E. LOUIS LOWE, ESQUIRE, GOVERNOR.
149
SEC. 4. And
be it enacted, That the objects for
which the Patapsco company aforesaid, is incorporated
and which the said company is hereby authorised to
effect, are the improvements, in such manner as shall
be conformable to the laws of this State, and not contrary
to or inconsistent with any of the rights or privileges
of any citizen or citizens of this State or of the
United States, of any lands and property which shall
belong to the said company, by laying out the same or
any part thereof into lots, streets, squares, lanes, alleys
and other divisions, and erecting, constructing or
making thereon all such wharves, ship, boats and other
vessels, workshops, factories, warehouses, stores, dwellings
and such other buildings and improvements as
may be found or deemed necessary, ornamental or convenient;
and letting, renting, leasing, selling or granting
on conditions or otherwise, or using any lot or other
portion of any of the said lands for agricultural, mining
or manufacturing purposes, or leasing, selling or granting
any wharf, house or other building or improvement,
to be used by any mechanic or artizan, or other person,
in carrying on any lawful trade, business or manufacture
authorised or permitted by the laws of this
State.
|
Objects of incorporation.
|
SEC. 5. And be it enacted,
That the Patapsco company
aforesaid shall make sales of portions of their lands
from time to time, so that at the expiration of twelve
years, from the passage of this act, the said company
shall have disposed of all its land over and above the
quantity of nine thousand acres, and at the expiration
of eighteen years from the passage of this act, the said
company shall have disposed of all its land, over and
above the quantity of six thousand acres, and at the expiration
of twenty-one years, from the passage of this
act, the said company shall have disposed of all its land
over and above the quantity of three thousand acres,
and at the expiration of twenty-four years from the passage
of this act, the said company shall have disposed
of all its lands, when the privileges hereby granted shall
cease, except as to the winding up and settling the business
of said company.
|
To make sales
of lands from
time to time.
|
SEC. 6. And be it enacted,
That the directors of the
said company or a majority of them, with or without
the president, when met as a board, shall have full
power to appoint and employ, and in their discretion to
remove from office and dismiss all such officers, clerks,
agents, mechanics, artizans, laborers and servants whatever,
as they shall deem necessary to attend to and
transact or execute the affairs and business of the company,
|
Power to appoint
officers,
&c.
|
|
 |
