1838.

LAWS OF MARYLAND.

CHAP. 349.

hereby made subject to the restrictions and regulations
prescribed in said act

Capital stock—

shares—estate.

Sec. 2. And be it enacted, That the capital stock of
said company shall not be less than four thousand, dol-
lars, nor more than twenty thousand dollars to be
divided into shares of twenty dollars each, to be raised
by subscription, and that the said company shall have
the right to purchase and hold land, not exceeding
eight hundred acres, in Kent county.

In force.

Sec. 3. And. be it enacted, That this act shall be in
force from the passage thereof.

CHAPTER 349.

Passed April 3,
1839.

An act to Incorporate the White Hall Company.

Persons incorporat-

ed.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That Thomas Lansdale, N. H. Gambrill,
David Carroll, their associates, successors and assigns
are hereby made, constituted and declared to be a body

Name and style.

corporate and politic, by the name and style of the White
Hall Company, and as such, by that name, may have

Objects defined.

perpetual succession, and may sue and be sued, implead
and be impleaded, answer and be answered, in any court
of law or equity, and shall be able and capable to make
and use a common seal, and the same to change and
alter at pleasure, also to have and use, exercise and

General powers.

enjoy as a corporate body, all the powers, rights and
privileges, proper and necessary for the purpose of
manufacturing cotton, iron and other articles, and of
vending the same; and for the aforesaid purposes, to

May hold estate.

purchase, hold and use estate, real, personal and mix-
ed, and to construct such buildings and improvements
on their land, as may be deemed necessary, and the
said estate, or any part thereof, to sell and convey, or
otherwise dispose of, and generally to do all such acts,

Make by-laws.

and to ordain, establish and enforce all such by-laws
and regulations, as shall be necessary and proper for

Restriction.

conducting the business of said corporation, the same
not being contrary to law or the provisions of this act.

Shares $100.

Sec. 2. And be it enacted, That the capital stock of
said company shall be divided into shares of one hun-
dred dollars each, and shall at no time exceed one