1846.

LAWS OF MARYLAND.

CHAP. 206.

Name & style.

Richard W. Tyson, their associates, successors and as-
signs be, and they are hereby created a corporation and
body politic, by the name and style of the Dollyhide
Copper Company, and by that name may have perpetual
succession, and shall be able and capable in law to sue

Corporate
powers.

and be sued, plead and be impleaded, answer and be an-
swered, in any court of law or equity, and to make and
use a common seal, and to ordain and establish sjjch by-
laws and regulations as shall be necessary or convenient
for conducting the affairs of the corporation, not repug-
nant to law.

Objects of in-
corporation.

SEC. 2. And be it enacted, That the objects of said
corporation are declared to be the mining of ores, making,
manufacturing of, and trading in copper, and other arti-
cles, for which purpose, they are hereby authorised to
purchase, hold and sell land in fee simple or otherwise,
necessary to the conduct of the business, and to erect
thereon all needful and convenient buildings; that the
capital stock of said corporation shall not be less than
one hundered thousand dollars, nor more than four hunt
dred thousand dollars.

Elect a presi-
dent and three
directors.

SEC. 3. And be it enacted, That, for the management
of the affairs of the company, the stockholders shall elect
a president, and not less than three directors, who shall
remain in office for one year, or until successors shall be
elected, or a majority of whom shall constitute a quorum
or board; that a majority of stockholders shall call a
meeting, upon advising all the stockholders by adver-
tisement or otherwise, of the time aud place of holding
said meeting.

Stock deemed
personal estate.

SEC. 4. And be it enacted, That the stock of the said
company shall be deemed personal estate; that all the
property, estate and joint stock of the corporation, shall
be bound and answerable for its debts or liabilities.

Banking privi-
leges forbid.

SEC. 5. And be it enacted, That nothing contained
herein shall be construed as granting banking privileges
to said corporation, or exemping their property and ef-
fects from general taxation.

Right reserv-
ed.

SEC. 6. And be it enacted, That the Legislature re-

serves to itself the right to alter or annul this act of in-
corporation whenever the public interest may require it.