E. LOUIS LOWE, ESQUIRE, GOVERNOR.
261
CHAPTER 204.
AN ACT to incorporate the Clandawah Spring
Company.
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Passed May
12, 1853.
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SECTION 1. Be it enacted
by the General Assembly of Maryland, That Charles F. Mudge, Joseph H.
Tucker, Michael P. O'Hern and George B. M. Price,
of Allegany county, and such other persons as may be
associated with them hereafter, in manner herein provided,
shall be, and they are hereby incorporated and
made a body politic and corporate, by the name of the
Clandawah Spring Company, and by that name shall
have succession, and be able and capable to sue and be
sued, to plead and be impleaded in any court of law and
equity, and may have and use a common seal, and the
same alter and renew at pleasure; and the said company
shall have all the powers, privileges and rights,
necessary for the purpose of constructing and erecting
houses and baths, and for carrying on, conducting and
maintaining a watering place or summer resort and
place of entertainment; and shall also have power to
lease and purchase lands, with their appurtenances, and
to hold all such property, real, personal and mixed, as
they may require for the purpose aforesaid; Provided,
that the said company shall at no time own more than
one thousand acres of land; and said company shall
have power for the purpose aforesaid, to make such
by-laws, rules and regulations as may be necessary;
Provided, they be not repugnant to any law of this
State, or of the United States.
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Incorporated.
Provisoes.
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SEC. 2. And be it enacted,
That the capital stock
of said company shall consist of not less than five hundred
or more than four thousand shares of one hundred
dollars each.
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Capital stock.
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SEC. 3. And be it enacted,
That the subscription
to said capital stock shall be made at such places and
in such manner as the said Charles F. Mudge, Joseph
H. Tucker, Michael P. O'Hern, Thomas Devecman
and George B. M. Price, shall designate, and that lands
may be received in payment of subscription to the capital
stock of said company, at such price as may be
agreed upon by those willing to subscribe such lands,
and the commissioners named in this act, or a majority
them, and the stockholders shall be entitled, at all their
meetings to one vote for each share of stock, in person
or by proxy, and the shares of said capital stock shall
be assignable or transferable, as may be provided for by
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Subscription
to capital
stock.
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