1846.

LAWS OF MARYLAND.

CHAP. 170.

of said month in each and every year, to draft on the
Farmers' Bank of Maryland, in favor of said trustees,
for equal sums of the whole amount of the school fund
annually accruing to Charles county, which may be de-
posited in said Bank, and also on the collector or collec-
tors of Charles county, for all such sums as may be le-
vied in said county for the support of said primary
schools.

Repealed.

Passed Feb.

SEC. 9. And be it enacted, That all acts, or parts of
acts of Assembly heretofore passed, as are repugnant to,
or inconsistent with the provisions of this act be, and
the same is hereby repealed.

CHAPTER 170.

17, 1847.

An act entitled, an act to incorporate the Lena Iron Company.

Incorporated.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That John Beall, Joseph Shriver, A. W. U.
Cramer, Horace D. Forbes and James Swan, and all
such other persons as may associate with them by be-
coming stockholders, their successors and assigns, shall
be and are hereby made and constituted a body politic

Name & style.

and corporate, by the name and title of Lena Iron Com-
pany, and by that name and title shall have perpetual
succession, and shall be capable in law and equity to sue
and be sued, to plead and be impleaded, and to make and

Corporate
powers.

use a common seal, and the same to alter and renew at
pleasure, and to purchase, hold, improve, dispose of and
convey, any lands, tenements and hereditaments, goods
and chattels, and generally to do and perform all such
acts and things as may be necessary for the digging and
smelting ore, and carrying on the manufacturing of all
kinds of iron and other articles, at their discretion.

Capital stock
divided into
shares of $25.

SEC. 2. Be it enacted, That the capital stock or pro-
perty already constituted by the parties hereby incorpo-
lated, shall be divided into shares of twenty-five dollars
each, to be distributed amongst said party or parties, in
proportion to their respective interests, and the whole ca-
pital stock of said company shall not exceed the sum of
one hundred thousand dollars, to be divided into four
thousand shares of twenty-five dollars each, and every
person who shall become the owner of one or more
shares of stock by purchase, transfer, devise, distribu-