1226 LAWS OF MARYLAND.
CHAPTER 342.

AN ACT to incorporate the Cumberland Heights Improvement

Company.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Richard D. Johnson, Claiborne M. James, Edward
K. Magruder, Creede W. Wilson and Simon H. Snowden, all of
whom are citizens of the State of Maryland, except Claiborne
M. James, who is a citizen of the State of North Carolina, and
the subscribers to the stock of the company hereby created
and their successors and assigns, be and they are hereby created
a body corporate, by the name of the Cumberland Heights Im
provement Company, and by that name shall have perpetual
succession, and shall be competent to sue and be sued, to use
a common seal, make and adopt a constitution and by-laws for
the government of the said corporation and its officers, to elect
directors and officers, and generally to enforce all and singular,
such acts, contracts, matters and things as may be necessary
to carry out the objects and protect the interests of the said
body corporate.

SEC. 2. And be it enacted, That the capital stock of said
body corporate shall consist of seven hundred and fifty (750)
shares of the par avlue of one hundred ($ 100) dollars per
share, with the right and privilege of increasing the capital
stock from time to time by a vote of the stockholders, at a
special or general meeting, to a sum not exceeding one hundred
and fifty thousand ($150,000) dollars, and all subscriptions to
such stock shall be paid at such time as the Board of Directors
may determine, and no stockholder shall be liable for more
than the amount of his unpaid subscription to such stock at
its par value; provided, that said capital stock shall be issued
in accordance with the provisions of Article 23, of the Code of
Public General Laws, relating to the issuing of capital stock
of any company incorporated under the General Incorporation
Laws of this State.

SEC. 3. And be it enacted, That the principal office or place
of business of said body corporate shall be located in the city
of Cumberland, Allegany county, Maryland.

SEC. 4. And be it enacted, That the affairs of the said com-
pany shall be managed by a Board of Directors, to consist of
not less than five, and with the privilege of increasing the same
to ten, in manner as the by-laws may from time to time deter-
mine and prescribe; and said Board of Directors shall be
elected annually at a general meeting of the stockholders of
said company to be held at such place and time as the by-laws
of said company may direct and require, and in the absence of