1845.

LAWS OF MARYLAND.

CHAP. 252.

Passed Feb.
28, 1846.

CHAPTER 252.

An act to incorporate the Baltimore and Southern Packet
Company.

Incorporated.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That William Mason, George Sommerville
Norris, Henry D. Harvey, Beverly C. Sanders, James
A. Hooper, William F. Murdock and Joseph C. Wilson,
their associates and assigns, be and they are hereby cre-

Name and

style.

ated and made a body corporate, by the name and style
of the Baltimore and Southern Packet Company, and by
that name shall have perpetual succession, and shall be
capable in law to hold and dispose of property, to sue

Legal capac-

ty.

and be sued, plead and be impleaded, answer and de-
lend, be answered and defended, in any court of law and
equity, and in any other place whatsoever; to receive

Have a com-
mon seal.

and make deeds and contracts, to mate, have and use a
Common seal, and the same to change, alter and renew at
pleasure, to ordain and establish such by-laws, ordinances
and regulations as may appear necessary for regulating
the concerns of said corporation, not being contrary to

Corporate
powers.

this act; to purchase, freight or build vessels, and to
purchase and dispose of cargoes for, the same, and gen-
erally to do all such acts as shall be necessary for the
purpose of conducting a line or lines of packets, or ves-
sels for the conveyance of passengers, and transportation
of merchandise and other things, between the cities of
Baltimore and Wilmington, North Carolina, and Mobile,
Alabama, or elsewhere, and also to engage in any lawful
business, calculated to give employment to the same.

Capital stock
$40, 000.

SEC. 2. And be it enacted, That the capital stock of
said corporation shall be forty thousand dollars, divided
into eight hundred shares of fifty dollars each, payable in
equal instalments, in three, six and nine months from date
of subscription, and privilege is also hereby granted to
said company, to increase its capital stock to one hun-
dred thousand dollars, by new subscriptions, or by add-
ing to the said capital semi-annually a portion of its nett
profits, not otherwise appropriated, whenever it shall be
so determined by the board of directors.

Commission-
ers appointed
to receive sub-
scriptions.

SEC. 3. And be it enacted, That the persons named
in the first section of this act, be and they are hereby ap-
pointed commissioners, to receive subscriptions to the
capital stock of said company, and they, or a majority of
them, may cause books to be opened at such times and
places in Baltimore or elsewhere, as they may direct, for