308
LAWS OF MARYLAND.
Passed May
20, 1853.
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CHAPTER 234.
AN ACT to incorporate the Isabella Gas Works, of
Frederick city.
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Incorporated.
Proviso.
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SECTION 1. Be it enacted
by the General Assembly
of Maryland, That George J. Fisher, Jacob Markell,
James Whitehill, Basil Norris, Michael Keefer, and
Grayson Eichelberger, and all such persons as shall associate
with them by becoming stockholders in the manner
hereinafter provided, their successors and assigns
shall be, and they are hereby made and constituted a
body politic and corporate, by the name, style and title
of the Isabella Gas Works, and by that name, style
and title shall have continued succession, and shall be able
and capable in law to sue and be sued, to plead and be
impleaded, to answer and be answered in any court of
law or equity, and to make, have and use a common
seal, and the same at pleasure to alter or renew, and
generally to do and perform all such acts, and make all
such contracts and agreements, and purchase, lease,
hold, use and possess such lands, tenements, hereditaments,
goods and chattels as may be necessary for carrying
on the manufacture of, or procuring or collecting,
gas or inflamable air, and preserving, using and distributing
the same, as a means of giving light, or for other
useful purpose, or for lighting with gas the streets,
squares, lanes and alleys, and the houses and other
buildings and places in the city and precincts of Frederick,
or for carrying on any manufacture necessary for
converting to useful purposes the products of any substances
which may be employed in making or procuring
gas, and for disposing of the same; Provided, always,
that the said company shall not, at any one time, hold
or possess real and personal estate together, above the
value of one hundred and fifty thousand dollars, without
the consent of the Legislature being first obtained.
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Subscription
books to be
opened.
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SEC. 2. And be it enacted,
That the persons named
in the first section of this act, or those who may hereafter
become stockholders, or a majority of them, may
cause books to be opened at such times and places as
they may direct, for the purpose of receiving subscriptions
to the capital stock of said company, and such
books to be kept open, from time to time, as long as in
the discretion of said persons it is deemed expedient.
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Capital stock.
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SEC. 3. And be it enacted,
That the capital stock of
said company shall be divided into shares of one hundred
dollars each, and the number of shares shall
amount, and be limited, to three hundred and sixty
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