THOMAS G. PRATT, ESQUIRE, GOVERNOR.

1845.

Henry Tiffany, O. C. Tiffany, John Glenn, Edward D.
Kemp, Samuel Riggs, George R. Richardson, their as-
sociates, successors and assigns, be and they are hereby
created, a body corporate and politic, by the name and
title, of the Baltimore Copper Company, and by that
name shall have perpetual succession, and shall be able
and capable in law, to sue 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 convenient, for conducting the af-
fairs of the corporation, and not repugnant to law.

CHAP. 286.

SEC. 2. And be it enacted, That the object of the
aforesaid corporation, is declared to be, the carrying on
of mining and smelting operations, on or near lake Su-
perior, or elsewhere, and for that purpose, to hold real
and personal property, and to adopt such means and pur-
sue such measures, as shall be deemed expedient for the

successful prosecution of that enterprize.

Object of the
company.

SEC. 3. And be it enacted, That the capital stock of
said company shall consist of three thousand shares, each
of which shall not exceed fifteen dollars per share; but
a majority of stockholders, in interest, expressed in
writing, may pass an order, increasing the capital to two
hundred thousand dollars, which shall be binding on the
corporation, and the directors hereinafter provided for,
shall have the privilege of borrowing a sum, not exceed,
ing in the whole, thirty thousand dollars, on the credit
and security of the said company, and the whole pro-
perty of the corporation, shall be liable and responsible
for their debts, contracts and engagements, incurred pur-
suant to the powers given by this act; but the stockhold-
ers, shall in no wise, be answerable or liable therefor, in
their individual capacities or private estate.

Three thou-
sand shares.

SEC. 4. And be it enacted, That there shall be trien-
nial meetings of the stockholders of the said corporation,
in the city of Baltimore, on the first day of January, or
within thirty days thereafter, for the purpose of choos-
ing three directors to manage all the concerns thereof,
who shall be elected by ballot, by the stockholders,
in person or by proxy, and each share shall entitle the
holder thereof to one vote; and in case such triennial
meeting, shall not from any cause, be held, that the old
president and directors shall be continued in office, until
a new election shall take place; any general meeting of
the stockholders, at which shall be represented a majori-

Triennial

meetings.