1829. LAWS OF MARYLAND.
CHAP. 42.
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made a corporation and body [corpolitic,] by the name,
style, and
title of, " The Baltimore, and Rappahannock Steam-Packet
Company;" and by that name shall have perpetual succession,
and shall be capable in law to sue and be sued, to plead, answer
and defend, in any court of law or equity; and the said
corporation shall have power to make, have, and use, a common
seal, and the same to break, alter and renew; and generally,
to do all such acts as may or shall be necessary for the
purpose of establishing and conducting a line or lines of steam
boats, vessels, and stages, or other carriages, between Baltimore
and Fredericksburg, and the several ports or places on
the Rappahannock, and on the other rivers and waters of the
Chesapeake Bay, for the conveyance of passengers and transportation
of merchandise and other articles.
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Capital stock—
shares—votes.
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Sec. 2. And be it enacted,
That the capital stock of the said
corporation shall be divided into shares of one hundred dollars
each, and shall not exceed one thousand shares, including the
shares already subscribed for, and held by the persons hereinbefore
named and incorporated; the residue of the said number
of shares, or so many of them as from time to time shall be
necessary, shall be subscribed for or disposed of, from time
to time, in such manner as the resolutions or by-laws, made in
pursuance of this charter, shall provide and direct; each
stockholder, at every election or general meeting of the stockholders,
in virtue of this act shall be entitled to vote in person
or by proxy, appointed under his, her or their hand and seal,
one vote for every share of stock which he, she, or they shall hold
in the company, on which all the instalments due shall have
been paid.
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Electors of Directors
—president—
vacancies.
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Sec. 3. And be it enacted,
That the stockholders of the said
corporation, shall meet annually on the first Monday in June,
or on such day within sixty days thereafter, and at such place
in the city of Baltimore, as the Directors shall appoint, for the
purpose of electing from among the stockholders twelve
Directors, who shall choose a president from among their
own number, and a majority of whom may fill all vacancies
which shall occur in their own body, or in the office of President,
by death, resignation, or ceasing to be a stockholder,
until the next annual election; but no captain or agent while in
the employ of the company, shall be eligible as a director or
capable of continuing to act as such, and the Directors who
were elected by said stockholders on the seventh day of August,
in the year eighteen hundred and twenty-nine now last
past, to wit: Fielding Lucas, Junior, Henry T. Phillips, William
C. Beale, William A. Knox, Robert Weir, William
Gray, James Vass, Evan T. Ellicott, Philip Laurenson, Edmund
Didier, Benjamin P. Moore and William E. George,
are hereby continued and constituted Directors under this
charter, with full right to act and exercise all the powers of
Directors of the said Company, until the first Monday in June
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