THOMAS W. VEAZEY, ESQUIRE, GOVERNOR.

1836.

convey and dispose of, as any natural person may do,
to sue and be sued, plead and beimplcaded, defend and
be defended, in any court of record, or anyplace what-
soever, and also to have and use a common seal, and

CHAP. 96.

the same to break, alter and renew at pleasure, and al-
so to ordain and establish such by-laws, from time to
time, for the government of said corporation, and the
management of its affairs, as shall seem convenient;
provided, the same be not contrary to law and the con-
stitution of this State.

Corporate pow-
ers.

SEC. 4. And be it enacted, That the objects and pur-
poses of this corporation are declared to be the estab-
lishment of works for the mining of chrome, magnesia,
or other minerals or metals, and for the improvement
of the respective qualities thereof, and establishment
for the refinement, or for the sale thereof, and that the
corporate powers hereby conferred, shall not be exten-
ded beyond the objects and purpose above described,
and such other objects and purposes as are necessary
to promote the object and design of this corporation.

Objects defined

SEC. 5. And be it enacted, That whensoever the said
number of one thousand shares shall have been sub-
scribed, the said subscribers or a majority of them
shall call a general meeting of the subscribers, to be
held in the city of Baltimore, and such of the subscri-
bers as shall be present at the said meeting, or a ma-
jority of them, shall be empowed to elect a president
and five directors to manage the affairs of the compa-
ny for one year, and until a new election of President
and directors shall be had in the manner directed by the
by-laws of the company.

Meeting to or-
ganize

SEC. 6. And be it enacted, That the said president
and directors shall have power to call in the amount of
the said capital stock in such instalments as they may
deem expedient; provided, the whole shall be called
in within two years after the organization of the com-
pany; to appoint the time and manner of holding the

Instalments

annual election, which is hereby directed to take place,
for president and directors; to provide for general meet-
ings of the stockholders, to provide the form of the
certificates of stock in the said company, and to regu-
late the transfer thereof; to contract for and obtain in
behalf of the company all such rights privileges and

Annual elec-
tions