LAWS OF MARYLAND.

1844.

CHAPTER 235.

CHAP. 235.

An act to incorporate the United Manufacturing Company
of Maryland.

Passed Feb.
28, 1845.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That Benjamin Buck, James Frazier, Edward
S. Lamdin, William Gray, William E. Hooper, James
C. Stheeden, and all such other persons as may associate
with them by becoming stockholders in the manner herein-
after provided, their successors and assigns, shall be and
they are hereby made and constituted a body politic and
corporate, by the name, style, and title of United Manu-
facturing Company of Maryland, and by that name, style
and title, shall have continual succession, and shall be ca-
pable 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 carrying on the manu-
facturing of cotton, and iron and other articles, and of vend-
ing the same, and to ordain, establish and enforce all such
by-laws and regulations, as shall be necessary and proper
for conducting the business of said corporation, the same
not being contrary to law or the provisions of this act.

Incorporated.

SEC. 2. And be it enacted, That the capital slock of
said company shall not be less than fifteen thousand dol-
lars, nor more than one hundred thousand dollars, which
shall be divided into shares of twenty dollars each, and
every person who shall become the owner of one or more
shares of the said stock, by purchase, transfer, devise, or
distribution, shall thereupon become and continue to be a
stockholder of said company, (so long only as he or she
shall hold said share or shares, ) and as such, entitled at all
elections and in all meetings of the stockholders, to one
vote in person, or by proxy, for each and every share
of said capital stock, which shall be held by such per-
son, and the said capital stock may, in whole or in part
consist of and be vested in land, buildings, machinery,
tools, materials necessary or useful for promoting the ob-

Capital stock
not less than
$15, 000 nor
more than
$100, 000.

jects or carrying on the business of said corporation, and
the shares of said capital stock shall be deemed personal
estate, and be assignable and transferable only in the books
of the corporation, and in such manner as shall be provid-
ed by the by-laws.

Stock deemed
personal estate

SEC. 3. And be it enacted, That there shall be a
meeting of the stockholders of said company on the first

Meet in
March annual-
ly.