1829.
LAWS OF MARYLAND.
CHAP. 211.
Passed Feb. 27, 1830.
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CHAPTER 211.
An act to incorporate the Baltimore Sugar Refining Company.
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Corporate powers
granted.
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Section 1. Be it enacted by
the General Assembly of Maryland,
That William Patterson, Alexander Macdonald, Talbot
Jones, Frederick William Brune, Joseph W. Patterson,
William Baker, and Daniel L. Thomas, and all such other persons
as shall associate with them, by becoming stockholders
in the manner hereinafter provided, their successors and assigns
shall be, and they are hereby made and constituted a body
politic and corporate, by the name, style and title, of the
Baltimore Sugar Refining company, and by that name shall
have succession during the continuance of this charter, and
shall be capable in law to sue and be sued, and to plead, answer
and defend; and to make and use a common seal, and the
same to alter and renew; and purchase, hold, enjoy, improve,
all kinds of estate and interest therein; and generally to exercise
all the powers, rights, and privileges, necessary and incident
to a corporation, as other corporate bodies may lawfully
do, and particularly those specified in the charter for the purpose
of manufacturing or refining raw or crude sugars, by
steam apparatus, or any other machinery or mode of manufacturing
or refining sugars, in or near to the city of Baltimore,
and for the purpose of erecting buildings and machinery,
obtaining implements and materials, disposing of the refined
sugar and other products of the manufacture, and doing all
other matters reasonably or necessarily connected with any of
the said objects or purposes, or the commencing, establishing
and carrying on the same.
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Capital—shares—
subscriptions.
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Sec. 2. And be it enacted,
That the capital stock of the
said company shall not exceed two hundred thousand dollars,
and shall be divided in the first instance, into shares of five
hundred dollars each, but the amount of each share may be
reduced and the number increased, at any time by a resolution
signed by two thirds or more of the whole number of
stockholders; and the said William Patterson, Alexander
Macdonald, Talbot Jones, Frederick William Brune, Joseph
W. Patterson, William Baker and Daniel L. Thomas, or such
one of them, or other agent, as a majority of them shall authorise
for that purpose, may receive subscriptions from any
person or corporation, from time to time, for so many shares
of the stock aforesaid, as the said majority may deem necessary,
not exceeding the limited amount of capital aforesaid,
every person or co-partnership who shall become the owner,
or entitled to one or more shares of the said capital stock by
subscription, purchase, demise, transfer, or in a course of distribution,
shall thereupon become a stockholder in the said
company; the said shares of stock as to all legal purposes
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