76

LAWS OF MARYLAND.

one hundred dollars for each day of the continu-
ance of such default after ten days after the ex-
piration of each quarter, to be recovered by the
said city of Baltimore according to law; provided
further, that the said corporation shall be subject
to such police regulations, as the Mayor and City
Council of Baltimore may hereafter, from time to
time, enact by ordinance for the government of
their conduct in the performance of their duties
under this law, and provided also, that said cor-
poration hereby created, shall provide books in
which shall be entered by a Treasurer, under oath,
the weekly receipts of said Company, and that
said books shall be open to the inspection of the
Mayor and City Council of Baltimore.

Capital stock
&c.

Sec. 5. And be it enacted, That the capital stock
of the said corporation, shall consist of forty thou-
sand shares of the par value of twenty-five, dollars
per share, to be distributed among the said Henry
Tyson, John W. Walker, William Chesnut, John
W. Randolph, Conrad S. Grove, Jonathan Brock,
and Albert W. Markley, and others, their associ-
ates, in proportion to their several and respective
interests in and under the said ordinance to be by
them ascertained at the time of their acceptance of
this act, and the property of the said Henry
Tyson, John W. Walker, William Chesnut, John
W. Randolph, Conrad S. Grove, Jonathan Brock,
and Albert W. Markley, and others, their associ-
ates, hereby vested in the said corporation shall
be estimated as of the value and taken and ac-
cepted by the said corporation, as a payment of
fifteen dollars and seventy-five cents per share on
the capital stock of the said corporation, and that
the said corporation shall have power, from time
to time, to call in such further instalments on
said capital stock, but none other, as shall be found
necessary to carry into effect the purposes of this
act ; the said instalments to be paid by the hold-
ers of the said capital stock, at the time and times

Proviso.

at which such calls shall be actually made, provid-
ed, such further instalments with the payment of
fifteen dollars and seventy-five cents to be made
by the transfer of the property of the said Henry
Tyson, John W. Walker, William Chesnut, John
W. Randolph, Conrad S. Grove, Jonathan Brock,
and Albert W. Markley, and others, their asso-