1887.

LAWS OF MARYLAND.

CHAP. 33.

General powers.

sary, useful or convenient, and which shall be compe-
tent to the full and beneficial exercise of and carrying
into effect the powers above enumerated, and all other
powers, rights and privileges granted to and vested in
the Baltimore Real Estate and Manufacturing Compa-
ny incorporated by this act.

Stock— person-
al estate.

SEC. 7. And be it enacted, That the stock of said
company shall be deemed and considered personal pro-
perty or estate, and all the joint stock, property, funds
and effects of said company shall be liable to and
answerable for all or any of the contracts made or au-
thorised by or for said company and for all just claims
against the same, but none of the stockholders shall be
liable, either in person or property, for any contracts
of or claims against the said corporation; and the ser-
vice of legal process on the president or any of the di-
rectors shall be a sufficient service on the corporation.

General powers.

SEC. 8. And be it enacted, That the stockholders,
at any general or special meeting called in such man-
ner as the bye laws shall prescribe, at which the hold-
ers of a majority of the stock shall be present or repre-
sented, shall have power to alter or repeal any bye
laws made by the president and directors; and also to

By Laws.

make such new bye laws, rules and regulations as the
holders of a majority of the whole number of shares of
the stock shall determine upon conformably to the limi-
tations and restrictions of this act.

Banking prohi-
bited.

SEC. 9. And be it enacted, That nothing herein con-
tained shall be taken or construed to authorise the said
company, either directly or indirectly, to exercise or
use banking privileges.

Limit 1860.

SEC. 10. And be it enacted, That this act shall be
and continue in force until the first day of January,
eighteen hundred and sixty, and until the end of the
next session of the General Assembly which shall hap-
pen thereafter.