1845.

LAWS OF MARYLAND.

CHAP. 286.

the persons named in the first section of this act may ap-
point, by public notice in two or more of the daily news-
papers published in the city of Baltimore, giving at least
ten days notice thereof, and said first election shall be
conducted and regulated by two disinterested persons,
to be appointed in writing, ten days before such election,
by any three of the persons named in the first section of
this act.

Persons named
to receive sub-
scriptions.

Provisoes.

SEC. 8. And be it enacted, That any. of the persons
named in the first section of this act, shall be and they
are hereby authorised to receive subscriptions for the
capital stock aforesaid; provided however, that not less
than ten dollars, on each share of said stock, shall be
paid in cash, at the time of making such subscription;
the balance due thereon shall be paid at such time, and in
such instalments, as the said president and directors may
require, after giving at least thirty days notice of such de-
mand, in two or more daily papers of the city of Balti-
more, or by actual notice in writing, to each of said
stockholders; and provided also, that not more than fifty
dollars on each share of stock, shall be called for, pre-
vious to the first day of May, eighteen hundred and forty-
seven; and in case any stockholder shall refuse or ne-
glect to pay any such instalment, after due notice afore-
said, for the payment of the same, his or her stock, or
so much thereof, as be or she may not have paid upon,
the required instalment, shall be and the same is hereby
required to be forfeited, for the use of the said company.

Issues forbid.

SEC. 9. And be it enacted, That nothing in this act
contained, shall be taken or construed, to authorise said
company, or the president and directors thereof, to issue
any note, certificate or other evidence of debt, to be used
as currency; or to confer upon it or them, any banking
powers or privileges whatsoever.

Right reser-
ved.

SEC. 10. And be it enacted, That this act of incor-
poration shall inure for thirty years from the dale of its
passage, and that the State hereby reserves the right to
tax the property of this corporation, and to amend or re-
repeal this charter at any time hereafter.

CHAPTER 286.

Passed Mar.
5, 1846.

An act to incorporate, the Baltimore Copper Company.
SECTION 1. Be it enacted by the General Assembly of
Maryland, That J. Harrison Thomas, James Harwood,