1860.

LAWS OF MARYLAND.

CHAP. 349.

and may sue and be sued, plead and be impleaded,
answer and defend and be answered and defended
in all courts of law and equity, and may make,
execute and deliver, or have or cause to be made,
executed and delivered to them all deeds, transfers,
gifts, grants, conveyances, covenants, contracts,
agreements and bargains, whatsoever necessary,
for the purposes and objects of said company, and
may have and use a common seal, which they shall
have power to alter or renew at pleasure, and gen-
erally to do every other thing or act necessary to
carry into effect the provisions, objects and purposes
of this act; Provided, that nothing herein, con-
tained shall authorise or empower said company,
to acquire by purchase or otherwise more than
twenty-five hundred acres of land.

Subscriptions

5. SEC. 2. And be it enacted. That the said parties
as heretofore named, viz: Robert H. Archer, S.
Parkhurst, Milton Y. Kidd, P. J. Bartholow, Jas.
P. Archer and John E. Wilson, or such one or
more of them, as the others shall for that purpose
authorise or appoint, may take and receive subscrip-
tions to the capital stock of said company, on such
terms as they or a majority of them may designate
or choose, in shares of fifty dollars each, to any
amount which they may deem necessary and proper
not exceeding twenty thousand shares, and any
person or persons who shall become a holder or
holders or entitled to one or more shares of the said
stock, shall thereupon become a member of the
United Cities Land Company hereby incorporated,
and every person or corporation on being divested
of all shares of the said stock by transfer or other-
wise, shall thereupon cease to be a member of said
company, and until an election of officers shall have
been made as hereinafter provided for, the said
Robert H. Archer, S. Parkhurst, Milton Y. Kidd,
P. J. Bartholow, James P. Archer, and John E.
Wilson, or a majority of them, shall have and may
exercise all the corporate rights and powers of the
said United Cities Land company, and shall man-
age the affairs and transact the business of said
company until the first annual meeting hereinafter
provided for, and until an election of officers shall
have been made in the manner directed by the by-
laws of said company as hereinafter provided for.

Organization,

&c.

SEC. 3. And be it enacted, That the members of
the said company shall meet on the second Monday