1845.

LAWS OF MARYLAND.

CHAP. 285.

in whom he has full confidence, to attend said meeting,
and remain at it until it is finally dismissed and dissolved,
and report to him, on the following morning, for such
enquiries as he may please to make in regard thereto.

CHAPTER 285.

Passed Mar.
6, 1846.

An act to incorporate the Aroeck Manufacturing Com-
pany.

Incorporated.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That Thomas Ely, John Gaw, Hugh Ely,
A. F. Gaw and Joseph Ely, and all such other persons
as may associate with them, by becoming stockholders
in the manner hereinafter provided, their successors and
assigns, shall be and they are hereby made and consti-
tuted a body politic and corporate, by the name, style
and title of the Arock Manufacturing company, and by
that name, style and title, shall have continual succession,
and shall he capable in law and equity to sue and be
sued, plead and be impleaded, to make and use a com-
mon seal, and the same to alter and renew at their plea-
sure, and to purchase, hold, improve, dispose of and con-
vey any lands, hereditaments, goods and chattels; and
generally, to do and perform all such acts as may be
necessary for carrying on the manufacturing of all kinds

Proviso.

of machinery or implements, or other manufactures, in,
their discretion; provided however, that the said compa-
ny shall not, at any time, possess more than five hundred
acres of land, nor hold nor possess real or personal
estate, more than of the value of ten hundred thousand
dollars above the amount of debts they may owe.

Capital $200, -
000.

Sec. 2. And be it enacted, That the capital stock of
said company, shall not exceed the sum of two hundred
thousand dollars, which shall he divided into shares of
one hundred dollars each, and every person who shall
become the owner of one or more shares of said stock,
by purchase, transfer, devise, distribution or otherwise,
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, which said stock shall be deemed
and held as personal estate, and shall be assigned in such
manner and under such restrictions as the by-laws and
ordinances, made by the president and directors of said
company, or a majority of them shall direct.