1860.

LAWS OF MARYLAND.

CHAP. 277.

CHAPTER 277.

Incorporated.

AN ACT to incorporate the Millers Island com-
pany of Baltimore county.

SECTION 1. Be it enacted by the General Assembly
of Maryland, That Frederick Shumacher, James P.
Bayly, William J. Ward, Lewis D. Sweeny, George
W. Weems, William H. Shumacher and George
Hartzog, their associates, successors and assigns
shall be and they are hereby incorporated by the
name and style of Millers Island Company of Balti-
more county, and by that name shall have per-
petual succession, and may sue and be sued, implead
and be impleaded, in all courts of law and equity,
and have a common seal and the same may break,

Objects of
corporation.

alter, change or renew at their pleasure, and the
purposes, objects and business of said corporation
shall and hereby are declared to be for agricultural
and horticultural and pomological purposes, for
gunning and fishery, and the erection of buildings,
and having, holding and disposing of real and per-
sonal property and estate, and performing all such
acts as shall be found necessary and deemed by said
corporation conducive to the objects and purposes
aforesaid.

Capital stock.

SEC. 2. And be it enacted, That the capital stock
of said corporation shall not exceed at any time
thirty thousand dollars to be divided into shares of
one thousand dollars each, to be held respectively,
transferable and assignable as personal property,
but said shares shall only be transferable upon the
books of said corporation by the owner, or by his,
her or their attorney or legal representative.

Election of
president and
directors.

SEC. 3. And be it enacted, That for the govern-
ing and transacting the business of said corporation
and for carrying into effect, of the objects and pur-
poses thereof, there shall be chosen from among the
male stockholders a president and five directors by
ballot, to serve for one year and until their succes-
sors are chosen, the first election to be held in the
city of Baltimore, so soon as one-half of said stock
shall have been subscribed and paid for, and an
election annually thereafter to be held in said city
on the first Monday of the month of September,
each stockholder to have as many votes as he, she
or they shall own shares of stock as appearing on
the books of said corporation, and to be voted in