1832.

LAWS OF MARYLAND.

CHAP. 201.

Objects of incor-

poration defined.

Sec. 4. And be it enacted, That the objects for which
the Toulon company aforesaid are incorporated, and which
the said company are hereby authorised to effect, are the
improvement, in such manner as shall be conformable to
the laws of this state, and not contrary to, or inconsistent
with, any of the rights or privileges of the corporation of
the city of Baltimore, or of any citizen or citizens of this
state, or the United States, of any lands and appurtenan-
ces, which shall belong to the said company, by laying out
into lots, streets, squares, lanes, alleys, and other divi-
sions, any such lands within the vicinity of the city of Bal-
timore, at or near to any navigable water, and erecting,
constructing, or making thereon, all such wharves, ships,
boats, and other vessels, workshops, factories, warehouses,
stores, dwellings, and such other buildings and improve-
ments as may be found, or deemed necessary, ornamental
or convenient; and letting, renting, leasing, selling, or
granting, on conditions, or using any lot, or other portion
of any of the said lands, for agricultural, mining or manu-
facturing purposes; or any wharf, house, or other building
or improvement, to be used by any mechanic, or citizen, or
other person, whether in the employ of the said company
or not; in carrying on any lawful trade, business or manu-

Plan of streets, &c.

to be regarded

facture, authorised or permitted by the laws of this state;
Provided, that in laying off streets, squares, lanes, alleys,
or other divisions; no infringement be made on the plan of
the city of Baltimore, as laid out by the commissioners, un-
der the act, passed at December session, eighteen hundred
and sixteen; chapter two hundred and nine; and provided
also, that the said company, and its agents, shall in all ca-
ses whatsoever, be subject to, and observe the ordinances,
of the city of Baltimore, within the limits of said city.

Powers of direc-

tors

Sec. 5. And be it enacted, That the directors of the
said company, or a majority of them, with or without the
president, when met as a board, shall have full power to
appoint and employ, and in their discretion to remove from
office, and dismiss, all such officers, clerks, agents, me-
chanics, artizans, labourers, and servants whatever, as they
shall deem necessary to attend to, and transact, or execute
the affairs and business of the company; fix their compen-
sation, and when deemed necessary, require security for
the faithful discharge of their duties; to contract, agree for,
purchase, rent, or hire, all such lands, buildings, chatties,
materials, rights, privileges, and effects, whatever, as
they shall deem necessary, or find convenieet for effecting
the objects of the company, as authorised by this act, and