1843.

FRANCIS THOMAS, ESQUIRE, GOVERNOR.

CHAP. 158.

Repealed.

Sec. 5. And be it enacted, That all acts or parts of
acts inconsistent with the provisions of this act, be, and
the same are hereby repealed.

CHAPTER 158,

Passed Feb.
23, 1844.

An act to incorporate the Baltimore and Philadelphia Steam
Boat Company.

Incorporated.

Section 1. Be it enacted by the General Assembly of
Maryland, That Samuel Jones jr., James Harwood, John
F. Shriver, Moore N. Falls, John A. Weart and others,
their successors and assigns, be and they are hereby created
and made a corporation and body politic, by the name and
title of the Baltimore and Philadelphia Steam Boat Com-
pany, and by that name and title, shall have succession and
shall be capable in law to sue and be sued, in any court of
law or equity, to have and use a common seal, and at plea-
sure to alter the same, and generally to do all such acts as
shall be proper and necessary for establishing a line or lines
of steam boats, vessels, canal boats, stages or other car-
riages, for the conveyance of passengers and the transpor-
tation of merchandize or other articles.

Shares $20
each.

Sec. 2. And be it enacted, That the capital stock of
said company shall be divided into shares of twenty dollars
each, and shall not exceed ten thousand shares, to be sub-
scribed for or disposed of from time to time, in such man-
ner as the resolutions or by-laws made in pursuance of this

President and
Directors.

charter shall provide.
Sec. 3. And be it enacted, That the affairs of the com-
pany shall be managed by a president and directors con-
sisting of five persons to be chosen from among the stock-
holders of said company; the president to be a member of
said board of directors, the said board of directors shall
be elected on the first Monday of April, in each and every
year, or within sixty days thereafter, to continue in office
until a new election; a majority of said directors shall have
power to act at all meetings as if all were present, and to
fill any vacancy that may occur in their body by death, re-
signation or otherwise; each stockholder shall vote in per-
son or by proxy, and be entitled to one vote for every share,

Proviso,

he, she or they may own; provided, that no person shall
have more than twenty-five votes in any election or in deter-
mining any question, whatever number of shares, he, she or

Board of Di-
rectors to ap-
point officers.

they may bo entitled to.
Sec. 4. And be it enacted, That the board of directors
shall have power and authority to appoint and employ all