1832.

LAWS OF MARYLAND.

CHAP. 201.
Liabilities.

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 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.

Powers of general

meetings

Sec. 8. 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 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 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.

Rights resreved

Sec. 9. And be it enacted, That nothing in this act
contained shall be construed to restrict the right of the Le-
gislature, which is hereby reserved in its fullest extent, to
impose, 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 com-
pany, corporation, or individuals, of this State; and the Le-
gislature also reserves the right to regulate the police and
government of the population of any town or place owned
or occupied in whole or in part by the said Company with-
out the limits of the City of Baltimore; and that nothing
herein contained shall authorize the Stockholders of the
Company hereby incorporated, or the President and Direc-
tors thereof, at any time to prescribe or exercise any mode

owned or occupied by the said Company, but the popula-
tion of such town or place, shall be subject to the present
laws of this State; and such alterations thereof as may from
time to time be authorized by the General Assembly.

Banking prohibi-

ted

Sec. 10. And be it enacted, That nothing herein contain-
ed, shall be taken or construed so as to authorize the said
Company to establish a Banking Institution, or to exercise,
directly or indirectly, any of the privileges of a Bank.

Limitation to 1833

Sec. 11. And be it enacted, That this act shall be and
continue in force until the first day of January, eighteen ,