FRANK BROWN, ESQUIRE, GOVERNOR.

1017

shall be capable to sue and be sued, and defend in any court of
law or equity, to make and use a common seal, and alter the
same at pleasure, to receive and make deeds and contracts, to
acquire by purchase or in any manner take, receive, hold, use,
employ, manage, mortgage, dispose of, or in any manner, not
inconsistent with law, deal with any property, real, personal or
mixed, and situate in or out of State, which may be necessary
or proper to enable said corporation to carry on its operations
or fulfill the purposes named in this act, and generally to do

Corporate
powers.

every other, act or thing not inconsistent with law, which may
be necessary or proper to promote the objects, designs and'
purposes, which are hereby declared to be for the purpose of
buying, selling or trading of goods, wares and merchandise of
every description, in large or small quantities, in the State of
Maryland or elsewhere; and the chief office of which shall be
at Tunis Mills, Talbot county, Maryland.

Objects of
corporation.

SEC. 2. And be it enacted, That the capital stock of said
corporation shall be five thousand dollars ($5,000), divided
into 200 shares of the par value of twenty-five dollars ($25)
each.

Capital stock.

SEC. 3. And be it enacted, That Charles F. Griffith, Louis
M. Hill, Frank C. Fenhagen, James B. Griffith, William R.
Martin, shall be managers and directors of said corporation
until the first Monday in January, 1895, and shall serve as
such until their successors are elected; a general meeting of

Directors.

the stockholders shall be held annually on the first Monday in
January, at which meeting a board of directors shall be elected
to serve for one year or until their successors shall be elected ;
and other meetings of stockholders may be called by the presi-
dent and directors, or a majority of them, according to such
rules as may be adopted by the by-laws of said corporation;
and the board of directors may meet as often as may be neces-
sary for the transaction of the business of the corporation.

Meeting of
stockholders.

SEC. 4. And be it enacted, That the directors of said cor-
poration shall have full power to adopt such by-laws, rules and
regulations for the election of a president, who shall be one of
the directors, and for the direction and management of said
corporation, as may in their judgment be necessary for the pur-
pose of their incorporation, not inconsistent with the provisions
of this charter and the laws and Constitution of this State;
and the president and directors of said corporation, or a
majority of them, shall constitute, appoint and employ such
officers, agents and servants for the transaction of the business

May pass
by laws.