1836.

LAWS OF MARYLAND.

CHAP. 97.

General power.

permissions of every kind and nature whatsoever, as
may be necessary for establishing and carry ing on manu-
facturing works, or for the promotion of the interests
of this coporation, in obtaining, working or selling
minerals or metals; to bind by their contracts, deeds
and engagements, under the hand of the president and
seal of the company, all the property, estate, common
stock and joint funds of the company, but not the per-
son or separate property of themselves or any of the
stockholders; and generally to do, act and transact in
all things for the said company, in regard to the objects
and purposes of this act, in as full and complete a
manner as the individual stockholders might do, were
they personally present.

Liabilities

SEC. 7. And be it enacted, That no stockholder shall
be liable for any debts, contracts, and engagements of
the corporation, or for any claims against the same,
but that the money, property, rights and credits of the
said corporation, shall at no time exceed one half of
the capital actually paid in. and the directors under
whose administration any such excess may orcur, shall
be answerable in their private persons and estates, and

Banking pro-
hibited.

Rights reserved

provided also, that the said corporation shall not exer-
cise any banking priviledges nor be authorised to issue
any note, bill, or token in the nature of a bank note.
SEC. 8. And be it enacted, That nothing contained
in this act shall be construed to restrict the right of
the Legislature, to impose from time to time, and at
all times hereafter, a reasonable tax upon the property
of this company, in common with similar property of
any other corporation, or individual of this State, and
the stock of this company is hereby declared to be per-
sonal property, to every intent; provided always, that
the Legislature may modify or repeal this act or any
part thereof at any time after twenty five years from
the passage thereof.

CHAPTER 97.

Passed Feb. 18
1837.

An act relating to Limited Partnerships in this State.

Partnership au-
thorised

SECTION 1. Be it enacted by the General Assembly of
Maryland, That Limited Partnerships for the transac-