1843.

FRANCIS THOMAS, ESQUIRE, GOVERNOR.

chap. 273.

poration such sum or snms of money as may be agreed
upon by three disinterested persons appointed by the com-
missioners of Allegany county to value said damages.

Issues forbid.

Sec. 9. And be it enacted, That nothing in this act be
so construed as to authorize the said corporation to issue
any note, token, device, scrip or other evidence of debt
to be used as currency.

CHAPTER 273.

Passed March
7, 1844.

An act to incorporate the Granite Manufacturing Com-
pany of Maryland.

Incorporated.

Section I. Be it enacted by the General Assembly of
Maryland, That William P. Jenks, David W. Brown,
William Miller and John Henderson, and all such other
persons as may associate with them by becoming stock-
holders in the manner hereinafter provided, their success-
ors and assigns, shall be and they are hereby made and
constituted a body politic and corporate, by the name,
style and title of "The Granite Manufacturing Company
of Maryland," and by that name, style and title shall have
continual succession, and shall be capable in law and
equity to sue and be sued, plead and be impleaded, to
make and use a common seal, and the same to alter or
renew at their pleasure, and to purchase, hold, improve,
dispose of and convey any lands, hereditaments, goods
and chattels; and generally to do and perform all such acts
as may be necessary for canying on the manufacturing of
cotton or woollen goods, or other manufactures in their

Proviso.

discretion; provided however, that the said company shall
not at any time possess more than five hundred acres of
land, nor hold nor possess real or personal estate more
than of the value of ten hundred thousand dollars, above

Capital stock
not to exceed

9200,000.

the amount of debts they may owe.
Sec. 2. And be it enacted, That the capital stock of
said company, shall not exceed the sum of two hundred
thousand dollars, which shall be divided into shares of
one hundred dollars each, and every person who shall be-
come the owner of one or more shares of the said stock,
by purchase, transfer, devise, or distribution, shall there-
upon become and continue to be a stockholder of said
company, so long only as he or she shall hold said share
or shares; which said stock shall be deemed and held as
personal estate, and shall be assigned in such manner and