124

LAWS OF MARYLAND.

Proviso.

for the exercise of the powers and rights granted
to the said corporation by this act which any cor-
porate body may do j provided, such acts be not
contrary to law.

Objects of
corporation.

Sec. 2. And be it enacted, That the objects and
purposes of the said corporation are declared to be
manufacturers of Lamps and Tin Wares, and such
other articles as can be made of metals, or metal
and wood combined, at the pleasure of the corpo-
ration, and for their objects and purposes, the said
corporation is hereby authorized and empowered
to purchase and hold, alien and dispose of lands
and factories, in fee simple, or for any other estate,
and to erect buildings and other improvements
upon such lands as maybe deemed conven: ent, and
to procure by purchase or other lawful means, all
kinds of necessary materials, goods and chattels,
and the same to use, lease, sell, or otherwise dis-
pose of as fully and freely as any individual may
lawfully do.

Capital stock.

Sec. 3. And be it enacted, That the capital stock
of sail corporation shall not exceed the sum of one
hundred thousand dollars, and shall be divided
into shares of twenty-five dollars each, and every
person becoming a proprietor of one or more shares
of the said stock, shall in virtue thereof be a mem-
ber of said corporation, and the said capital stock
may in whole or in part consist of, or be vested in
lands, buildings, machinery, tools, or such other
property as may be necessary or useful for carry-
ing on the manufactory aforesaid.

Incorporators
appointed
commission-
ers.

Sec. 4. And be it enacted, That James M. Leiter,
George W. Pole, Peter Middlekauf, Daniel Ful-
ton, H. Garlinger, B. F. Slick, W. F. Miller, J.
W. Lytle, Samuel Cline. incorporators, or any four
of them be and are hereby appointed Commission-
ers to receive subscriptions and payments for shares
in the capital stock of the said corporation, and when
in their opinion a sufficient amount of the said
capital stock shall have been subscribed, to enable
the said corporation to commence operations, they
shall convene a general meeting of the stockhold-
ers, who shall at such meeting, or at such time as
they shall then and there determine, elect by bal-
lot in person or by proxy, five directors, who shall
hold their office for one year from the day of the
election, and until their successors shall be elected