LLOYD LOWNDES, ESQUIRE, GOVERNOR.

751

54 B. Upon such application the said clerk shall demand and
receive from said applicant, the sum of ten dollars, before
granting said license, and in all cases the said traders shall
post the said license in a conspicuous place in his place of
business. The failure of any such person or corporation to
procure said license, shall be a misdemeanor, and upon con-
viction, such person or corporation shall be fined one hundred
dollars; one-fourth of which shall be paid to the informer, and
the balance to the State Treasurer.

Cost or
license.

SEC. 2. And be it enacted, That this act shall take effect
from the first day of May, eighteen hundred and ninety-
six.

Approved April 4, 1896.

CHAPTER 440.
AN ACT to Incorporate the Lexington Company.

Effective.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Henry Riefle, James E. Ingrain, G. W. Knapp, W.
H. Jones and W. H. Matthai, and their associates and succes-
sors, and such other persons as shall hereafter become stock-
holders in the company hereby incorporated, shall be, and they
are hereby constituted a body politic and corporate by the name
and style of the " Lexington Company," and by that name shall
have perpetual succession and be capable in law to acquire and
hold and in anywise dispose of property, and to sue and be
sued, plead and be impleaded in any court whatever, and to
make and use a common seal, and to alter the same at pleasure,
and generally to do everything proper to carry into effect the
provisions of this act, or to promote the objects and designs of
the company hereby incorporated.

A body cor-
porate.

SEC. 2, And be it enacted, That the capital stock of said
corporation shall consist of ten thousand dollars ($10,000),
divided into one hundred shares of the par value of one hun-
dred dollars ($100) each; but the said corporation may at any
time and from time to time at a general meeting specially called
for that purpose, increase the capital stock to any amount that
may be deemed proper, not to exceed in all one hundred thou-
sand dollars (f 10' ,000) by vote of two-thirds of all the shares
of stock of the corporation theretofore subscribed for and issued,
and subscriptions to its capital stock may be made in property
at a valuation to be agreed upon between the corporation and

Capital stock.