DANIEL MARTIN, ESQUIRE, GOVERNOR.

132S

on less than thirty days notice; to apply the said instalments,
when received, and all other funds of the company, to effect
the objects aforesaid, and in payment of the necessary ex-
penses of the company; to provide for declaring and pay-
ing dividends of the profits made by the company; to pro-
vide for the subscription of any portion of the capital stock
which shall not be subscribed before the delivery to them
of the subscription book opened by the commissioners as
herein before directed; to prescribe and provide for the
manner and evidence of transfers of the capital stock, and
for the forfeiture and sale of any share or shares thereof in
default of payment of any of the instalments called for, and
for the remission of such forfeiture on such terms as they
shall deem reasonable; and generally to do, execute or au-

revise, alter or annul, all such by-laws, ordinances, resoluti-
ons, rules and regulations, not inconsistent with the laws of
this state, or of the United States, as the said board of di-
rectors, or a majority thereof, may deem necessary, useful or
convenient, and shall be competent to the full and beneficial
exercise of, and carrying into effect the powers above enu-
merated, and all other powers, rights and privileges, granted
by this act, and vested thereby in The Baltimore Flint Glass
Company, incorporated as aforesaid.

CHAP. 60.

Sec. 5. And be it enacted, That the stockholders at any
general meeting, or at any special meeting called in such
manner as the by-laws shall provide, at which a majority
of the whole number of shares of stock shall be present, or
represented, shall have power to alter or repeal any by laws
made by the president and directors, and also to make such
new by-laws, rules and regulations, as the holders of a majo-
rity of the whole number of shares of the stock shall assent
to, which shall be binding on the president and directors:
provided, that such by-laws shall not be contrary to any of
the provisions of this" charter, or to the laws of this state or
of the United States.

Special meetings

Sec. C. And be it enacted, That all the joint stock, pro-
perty, funds and effects, of said company, shall be answer-
and for all just claims against the same; but none of the
stockholders shall be liable in persan or property for any
contracts of, or claims against the said corporation; and
the service of legal process on the president or any of the
directors, shall be a sufficient service on the corporation.

Joint stock, &c

answerable for

claim against the

company

Sec. 7. And be it enacted, That nothing in this act con-
tained, shall be construed to restrict the right of the legisla-
ture, which is hereby reserved in its fullest extent, to im-
pose from time to time, and at all times hereafter, and levy,
such reasonable tax, by license or otherwise, upon all pro.-
10

Legislature may
impose tax