1844.

THOMAS G. PRATT, ESQUIRE, GOVERNOR.

CHAP. 135.

CHAPTER 135.

Passed Feb.
24, 1845.

An act to incorporate the Frostburg Coal Company.

Preamble.

WHEREAS, it is represented to this General Assembly,
that Meshach Frost, Isaiah Frost, Thomas J. McKaig
and William W. McKaig, of Allegany county, are the
owners of a large body of mineral lands lying adjoining
the town of Frostburg, in Allegany county, containing
extensive beds of coal and iron ore; find that the trade
and the business of the great works of internal improve-
ments of the State, will be greatly promoted by the open-
ing and working and transporting of said minerals to mar-
ket—Therefore,

Incorporated.

SECTION 1. Be it enacted by the General. Assembly of
Maryland, That the said Meshach Frost, Isaiah Frost,
Thomas J. McKaig and William W. McKaig, and such-
other persons as may be associated with them hereafter
in the manner herein provided, shall be, and they are
hereby incorporated and made a body politic and corpo-
rate, by the name of the Frostburg Coal Company, and by
that name shall have succession, and be able and capa-
ble to sue and be sued, to plead and be impleaded in any
court of law or equity, and may have and use a common
seal, and the same to alter and renew at pleasure; and
the said company shall have all the powers, privileges and
rights necessary for carrying on the manufacture of iron,
and the mining of coal, and for transporting to market
the proceeds of their mines, lands and manufactories; and
shall also have power to purchase and hold all such pro-
perty, real, personal and mixed, as they may require for

Proviso.

the purposes aforesaid; provided, that the said company
shall at no time hold or possess more than five thousand
acres of land; and the said company shall have power for
the purposes aforesaid, to make such by-laws, rules and
regulations as may be necessary; provided, they be not
repugnant to any law of this State or of the United States.

Capital stock
of five thou-
sand shares.

SEC. 2. And be it enacted, That the capital stock of
the said company shall consist of five thousand shares of
one hundred dollars each, of which the lands and mines
of the said Meshach Frost, Isaiah Frost, Thomas J. Mc-
Kaig and William W. McKaig, on the one part, and those
who may associate with them and constitute the aforesaid
corporation by subscription, for stock payable in money,
on the other part.

Subscrip-
tions to capital
stock made,
&c.

SEC. 3. And be it enacted, That the subscriptions to
the said capital stock shall be made at such places and in
such manner as shall be designated by the said Meshach