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Session Laws, 1860
Volume 588, Page 251   View pdf image (33K)
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T. HOLLIDAY HICKS, ESQ., GOVERNOR.

1860.

SEC. 4. And be it enacted, That when one-third
or more of the shares of said stock shall be sub-
scribed for the said commissioners or a majority of
them shall give at least three weeks notice in one
or more of the newspapers of the city of Balti-
more, and in one of the newspapers of the county,
of the time and place which they shall appoint for
the subscribers to meet in order to organize said
company, and to choose by a majority of the votes
of said subscribers by ballot to be voted in person
or proxy, duly authorised, seven managers from
among the stockholders to conduct the business of
said company until the first Monday in January,
eighteen hundred and sixty-one, and until their
successors shall be chosen in the manner herein-
after provided, at which election and on all other
questions to be determined by said stockholders
each stockholder shall be entitled to one vote for
every share of stock held by him not exceeding
thirty shares.

CHAP. 164.

Managers.

SEC. 5. And be it enacted, That the subscribers
for the stock of said company shall be and they
are hereby incorporated and constituted a body
politic by the name and style of the Green Spring
Avenue Company, and by the same name, the said
stockholders and their successors and assigns, shall
have all the privileges and franchises of or incident
to a corporation for such purpose, and shall be
capable of taking and holding the said capital
stock, and the increase and profits thereof, and of
enlarging the same by new subscriptions on the
original terms, if necessary, to fulfil the intent of
this act, and of purchasing and holding to them
and their successors in fee simple or for any less
estate such property and estate, real and personal
as shall be necessary to them in the prosecution of
their work; Provided, said real estate shall not
exceed two acres, in any one lot or parcel for the
use of a gate-keeper, and of suing and being sued
in any court of law or equity in this State, and the
said company shall have power to make a seal and
to alter or destroy and renew the same at their
will and pleasure, and to do all other acts neces-
sary for the purposes for which they are incorpora-
ted as fully as any other corporation may do.

Rights vested.

SEC. 6. And be it enacted, That the sums so sub-
scribed shall be paid to the managers elected agreea-
bly to the provisions of this act in the following

Instalments.



 
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Session Laws, 1860
Volume 588, Page 251   View pdf image (33K)
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