. LAWS OF MARYLAND.

1843

Sec. 2. And be it enacted, That the objects of the said
corporation are declared to be the encouragement and pro-
motion of literature and the arts and sciences, by providing
a library, reading room and philosophical apparatus, toge-
ther with such buildings and other conveniences, as shall or
may be necessary, fully and completely, to effect and accom-
plish the objects of said corporation.

CHAP 78.

Object of so-
ciety.

Sec. 3. And be it enacted, That the said corporation,
shall be able and capable in law to purchase and hold by
deed, bequest or devise, any interest, estate or property,
real, personal or mixed, absolute or contingent, in posses-
sion or expectancy, not exceeding five thousand dollars.

May hold real
and personal
property.

Sec. 4. And be it enacted, That the said corporation,
shall have full authority and power to use, sell, mortgage,
lease, assign, transfer, convey or otherwise dispose of all
or any part of the estate, interest and property of any kind,
or nature whatever in any lands, tenements, goods or chat-
tels, which may belong to, or come into possession of the
said corporation, in any mode or manner as may be deemed

Corporate
powers.

most advisable by said corporation, provided, the same be
done in good faith and consistent with the laws of the land,
and the provisions of this act.

Proviso,

Sec. 5. And be it enacted, That all or any part of the
estate, interest and property in any lands, tenements, goods
and chattels, belonging to or that may come into the posses-
sion of the said corporation, shall be and is hereby made
liable for any debt, that may be contracted by said corpora-
tion, and that the service of any legal process, by any legal
authorised officer, upon any of the officers of said corpora-
tion, shall be deemed a legal and valid service; upon said
corporation.

Property li-
able for debts.

Sec. And be it enacted, That the said corporation, shall
at its regular meetings appointed by its constitution and by-
laws for that purpose, proceed to elect and appoint all offi-
cers necessary for conducting the affairs of said corporation,
which shall have been provided for in the constitution and

Appoint offi-
cers.

by-laws aforesaid.
Sec. 7. And be it enacted, That nothing in this act, be
construed so as to authorise the said corporation to issue
any note, token, device, scrip or other evidence of debt to
be used as currency.

Issues forbid.

Sec. 8. And be if enacted, That this act of incorpora-
tion, shall inure for twenty years from its passage, and that
the General Assembly reserves to itself the right to alter
or amend this act of incorporation at its pleasure.
9

Right reser-
ved.