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Session Laws, 1832
Volume 547, Page 106   View pdf image (33K)
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1832.

LAWS OF MARYLAND.

CHAP. 96.

and lawful advantages of the property, rights and privi-
leges, vested in or owned by the said Company, in as full
and ample a manner as any corporate body within this
State may lawfully do.

May connect with

City streets, &c

Sec. 6. And be it enacted, That the directors of the said
Company shall be and they are hereby authorised at any
time hereafter, by and with the consent of the Mayor and
City Council of Baltimore, to connect with the said city
any of the streets, wharves and other improvements that

such terms as shall be mutually agreed upon by the said
Mayor and City Council, and the board of directors of the
Company hereby created.

Shire, personal
property.

Sec. 7. And be it enacted, That the shares of stock of
the said Company shall be deemed and considered personal

Liability.

estate, and all the joint stock, property, funds, and effects
of said Company, shall be answerable for all the contracts
made or authorized by or for the said Company, and for all
just claims against the same, but none of the stockholders
shall be liable, in person or property, for any contract of,

Process.

legal process on the President or any of the directors,
shall be a sufficient service on the corporation.

General meetings

- powers

Sec. 8. And be it enacted, That the stockholders at any
general meeting, or in any special meeting called in such
manner as the by-laws shall prescribe, at which the holders
of a majority of the whole number of shares of stock shall
be present, or represented, shall have power to alter or re-
peal 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 majority of the whole numbers of shares
of stock shall assent to, which shall be binding on the pre-
sident 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.

Right of tax-go-

vern, &c reserved

Sec. 9. And be it enacted, That nothing in this act con-
tained shall be construed to restrict the right of the Legis-
lature, which is hereby reserved in its fullest extent, to im-
pose from time to time, and at all times hereafter, and levy ,
such tax by license or otherwise, upon all property, estate
and funds, in which the capital stock of the said Company
hereby incorporated shall be invested, in common with
similar property, estate or funds of any other company,
corporation, or individuals of this State; and the Legisla-
ture also reserves the right to regulate the police and gov-
ernment of the population of any town or place owned or



 
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Session Laws, 1832
Volume 547, Page 106   View pdf image (33K)   << PREVIOUS  NEXT >>


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