JAMES THOMAS, ESQUIRE, GOVERNOR

1834

CHAPTER 99

CHAP. 99

An act to Incorporate the Elkton Library Company

Passed Feb. 23, 1835

Section 1 Be it enacted by the General Assembly of Mary
land That Amos A Evans, Henry D Miller James Sewall,
Adam Whann, and William C Scott or a majority of them,
be and they are hereby appointed commissioners, at such
time and after such notice as they or a majority of them
shall think proper at the town of Elkton to open books and
receive subscriptions for four hundred shares, at five dollars
each share as the capital stock of the Elkton Library Com-
pany, the whole amount on each share to be paid at the
time of subscribing for the same

Commissioners to
take stock

Sec 2 And be it enacted, That so soon as fifty shares
shall be subscribed for, the said commissioners or a majority
of them, shall give notice thereof, by setting up public ad
vertisements throughout the county of Cecil, and in the
town of Elkton, and appoint a day for the election of seven
managers and directors to be elected by ballot of the
Stockholders, and each share entitled to one vote

Sec 3 And be it enacted, That all persons who shall
become subscribers to the said stock their successors and
assigns, shall be, and they are hereby made a corporation
and body politic, by the name and style of The Elkton Li-
brary Company, and by that name shall be and are hereby
made able and capable in law to Sue and be sued, plead and
be impleaded, answer and be answered defend and be de
fended, in any court of record, or any other place what
ever

Corporate powers

granted

Sec. 4 And be it enacted, That the affairs of the said
company shall be governed by such rules ana regulations as
the said managers and directors, and their successors, or a
majority of them shall from time to time think propel to
adopt

Regulation

Sec 5 And be it enacted, That the said managers and
directors be chosen annually from among the stockholders,
who may be re elected as often as the stockholders shall
think proper, and to hold their seats until superseded by the
election of other managers and directors

Officers