324
LAWS OF MARYLAND.
Trustee not
necessary.
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SEC. 3. And be it enacted,
That it shall not hereafter
be necessary to interpose a trustee in order to secure
to a married woman the sole and separate use of her
property.
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Contracts to
remain in
force.
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SEC. 4. And be it enacted,
That all contracts made
between persons in contemplation of marriage, shall remain
in full force after such marriage shall take place.
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Passed May
20, 1853.
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CHAPTER 246.
AN ACT to incorporate the Potomac Mining Company.
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Incorporated.
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SECTION 1. Be it enacted
by the General Assembly
of Maryland, That James Swann, Lafayette Maynard,
R. W. Latham and Duff Green, and the owners of the
shares hereinafter authorised to be created, be and they
are hereby made a body corporate in law and in fact
by the name of the Potomac Mining company, and in
that name may purchase, have, hold, use and acquire
by any lawful means, and may receive in donation or
in trust, estate, real, personal and mixed, and the same
may sell, lease, let, transfer and convey or otherwise
dispose of, and may sue and be sued, plead and be impleaded,
and may have and use a common seal, and
the same to modify or change at pleasure, and may make
by-laws, rules and regulations for the better management
of their affairs, the same being consistent with the constitution
and laws of this State and of the United States.
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Management.
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SEC. 2. And be it enacted,
That the management
of the said company, shall be vested in a board of
five directors, one of whom shall be president, to be selected
by the shareholders in such manner as the by-laws
may prescribe, and the said board shall have full power
and authority in the name of the company, to do all things
which may be necessary and proper to be done by them
as a company, incorporated for the purpose of owning
lands and mines, for improving, opening and working
the same, for erecting and carrying on mills and manufactories,
and to transport the products of their lands,
mines, mills and manufactories to market, and to execute
and carry into effect the powers and privileges
herein granted.
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Capital stock.
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SEC. 3. And be it further
enacted, That the capital
stock of said company shall consist of shares of one
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