THOMAS G. PRATT, ESQUIRE, GOVERNOR.

1845.

wise, necessary to the conduct of the business, not ex-
ceeding five hundred acres, and to erect thereon all need-
ful and convenient buildings, that the capital stock of
said corporation shall not be less than fifty thousand, nor
more than five hundred thousand dollars.

CHAP. 117.

SEC. 3. And be it enacted, That for the management
of the affairs of the company, the stockholders shall elect
a president, and not less than three directors, who shall
remain in office for one year, or until successors shall be
elected, a majority of whom shall form a quorum or
board, that a majority of stockholders shall at any time
call a meeting upon advising all the stockholders by
advertisement or otherwise, of the time and place of
holding said meeting.

Elect a presi-
dent, &c.

SEC. 4. And be it enacted, That stock of said com-
pany shall be deemed personal estate, that all the pro-
perty, estate and joint stock of the corporation, shall be
bound and answerable for its debts or liabilities.

Stock deemed
personal estate.

SEC. 5. And be it enacted, That nothing contained
herein, shall be construed as granting banking privileges
to the aid corporation, or exempting their property and
effects from general taxation.

Issues forbid.

SEC. 6. And be it enacted, That the legislature re-
serves to itself the right to alter or annul this act of in-
corporation at pleasure.

CHAPTER 117.

Right reserv-
ed.

An act to incorporate the Black River Mining Company.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That John Spear Smith, Samuel W. Smith,
Nathaniel Williams, John S. Nicholas, Charles H. Gra-
tiot, George N. Sanders, Albert G. Sloo, Joshua Child
and William H. Morell, their associates, successors and

Passed Feb.
5, 1846.

Incorporated.

assigns, be and they are hereby created a body corporate
and politic, by the name and style of the Black River
Mining Company, and by that name shall have perpetual
succession, and shall be able and capable in law, to sue

Name & style.

and be sued, implead and be impleaded, answer and be
answered in any court of law or equity; and to make
and use a common seal, and the same to alter and change
at pleasure, and to ordain and establish such ordinances,
by-laws and regulations, as shall be necessary or con-
venient for conducting the affairs of the corporation, and
not repugnant to law.

Legal capaci-
ty.