E. LOUIS LOWE, ESQUIRE, GOVERNOR.
533
CHAPTER 366.
AN ACT to Incorporate the Central Coal Mining and
Manufacturing
Company.
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Passed May
30, 1853.
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SECTION 1. Be it enacted
by the General Assembly
of Maryland, That Edward Macomber, James O.
Sheldon, John A. Graham, Joseph H, Tucker, Henry
Thomas Weld, Edward Sandford and Silas H. Hill,
and such other persons as may become associated with
them, in the manner hereinafter provided, shall be,
and they are hereby constituted a body politic and corporate
by the name of the Central Coal Mining and
Manufacturing 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 whatever, and
may have and use a common seal, and may alter and
renew the same at pleasure, and the said body corporate
shall have all the powers, faculties, franchises and
rights necessary or proper for the carrying on the manufacture
of iron, and of articles of which iron is a component
part, and for the mining of coal, and the beneficial
management of its property, and for the transportation
of coal and other proceeds, issues and products
of its mines and property to market; and shall have
power and authority to purchase, lease and hold any
property, real, personal and mixed, which may be
deemed by said company necessary for its purposes;
Provided, however, that said company shall not at any
time, actually hold, as owners thereof, more than seven
thousand acres of land.
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Incorporated.
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SEC. 2. And be it enacted,
That the capital of the
said company shall be two millions dollars, divided into
twenty thousand shares of the par value of one hundred
dollars each, and whenever ten thousand shares
shall have been actually subscribed, the said company
shall be authorised to organize and act as a body
corporate.
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Capital stock.
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SEC. 3. And be it enacted,
That for the purpose of
obtaining subscriptions to the capital stock of said company,
books shall be opened under the direction of the
said Edward Macomber, James O. Shelden, John A.
Graham, Joseph H. Tucker, Henry Thomas Weld,
Edward Sandford and Silas H. Hill, or the majority of
them, at such time or times, and at such place or places,
as the persons who may act in that behalf, shall deem
expedient, and in case said company shall organize
and proceed to act as a corporate body, before the full
number of shares shall have been subscribed, the president
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Subscription
books to be
opened.
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