1841.

LAWS OF MARYLAND.

CHAP. 181.

who are, or may be hereafter members of the association,
agreeable to such rules and regulations as now are, or may
from time to time be established for the government and
management of the same, and their successors and assigns,
be and they are Hereby created a corporation and body

Name and
style.

politic, by the name and style of the Maryland Lyceum,
and by that name shall have perpetual succession, and shall
be able and capable in law, to sue and be sued, implead and

Legal capa-
city.

be impleaded, answer and be answered, in any court of
law or equity, and to make and use a common seal, the same
to change and alter at pleasure, and to ordain and establish
such by-laws and regulations, not contrary to law, as shall
be necessary or convenient for conducting the affairs of the
corporation.

General pow-
ers.

Sec. 2. And be it enacted, That the corporation and their
successors by the aforesaid name, shall be and are hereby
made able and capable in law, to Have, purchase, receive
and possess, enjoy and obtain, to them and their successors,
lands, tenements, rents, annuities, pensions, and other here-
ditaments in fee simple or for a term of years, life or lives,
or otherwise, and also goods, chattels, and effects of what
kind, nature, or quality soever, and the same to grant, de-

Proviso.

mise, alien or dispose of, and by the name aforesaid to do
and execute all other things touching the same; provided,
that the total value of the property of said corporation, real,
personal and mixed, shall not exceed the sum of five thou-

Officers—
when elected.

sand dollars.
Sec. 3. And be it enacted, That from and after the pas-
sage of this act, the officers of the Maryland Lyceum, shall
consist of a president, vice president, two secretaries, a
treasurer, a reader, and an executive committee to consist
of four, who shall he elected by ballot on the first Thurs-

Corporate
powers.

day in January and July, two-thirds of the members present
at the meeting, being necessary to constitute a choice; the
association shall also have power to appoint such officers,
as they may deem necessary and expedient, and in such

No individual
responsibility

manner as they may think proper.
Sec. 4. And be it enacted, That no member of this in-
stitution shall be answerable in his individual capacity for
any losses, deficiencies or failures of the joint fund, or debt
of the- said society, nor For any more or larger sum or sums
of money whatsoever, than the current amount by him pay-

Banking
forbid.

able into the common Fund of the society.
Sec. 5. And be it enacted, That nothing in this act be
construed, so as to authorize the said corporation to issue
any note, token, device, scrip, or other evidence of debt
to be used as currency.

In force.

Sec. 6. And be it enacted, That this act of incorporation