84
LAWS OF MARYLAND.
Passed March
24, 1853.
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CHAPTER
85.
AN ACT to incorporate the Montevue Mining Company.
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Incorporated.
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SECTION 1. Be it enacted
by the General Assembly
of Maryland, That Francis Thomas, Michael P. O'Hern
and Lloyd Thomas and the owners of the shares
of stock hereinafter authorised to be created, be, and
they are hereby made a body corporate, in law and in
fact, by the name of the Montevue Mining Manufacturing
company, and in that name may purchase, have,
hold, use and acquire by any lawful means or 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 modify or change at pleasure,
and may make and alter 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
vested in
board of five
directors.
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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 share holders 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
or working the same, for erecting and carrying on
mills and manufactories and to transport the products
and growth of their lands, and the products of their
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 enacted,
That the capital stock
of said company shall consist of shares of one hundred
dollars each, and that Francis Thomas, Michael
P. O'Hern and Lloyd Thomas, or any two of them,
may at such times and places as they deem expedient,
open books of subscription therefor, and receive
payment for the same in money or in land, the price
or value of the land to be fixed by agreement between
the parties authorised to open books of subscription,
and the subscriber or subscribers for shares of stock,
and the president and directors, for the time being, may
from time to time increase the capital stock, as such increase,
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