PHILIP F. THOMAS, ESQUIRE, GOVERNOR.

1847.

corporation to issue any note, token, scrip, device or
other evidence of debt to be used as currency.
SEC. 21. And be it enacted, That this act of incor-
poration shall enure for twenty years from the date of
its passage, and until the end of the next session of the

CHAP. 112.
In force.

Legislature thereafter; and that the Legislature reserves
to itself the right to amend or repeal said act at plea-
sure.

CHAPTER 112.

Reservation.

An act to incorporate the New York and Baltimore
Transportation line.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That John Glenn, B. F. Stockton, R. M.
Lewis, Thomas Carroll, John S. Shriver and others,
their successors and assigns be, and they are hereby
created and made a corporation and body politic, by the

Passed
Jan. 18, 1848.

Incorporated.

name and title of the New York and Baltimore Trans-
portation line, and by that name and title shall have
succession, and shall be capable in law to sue and be
sued in any court of law or equity, to have and use a
common seal and at pleasure to alter the same, and gen-
erally to do all such acts as shall be proper and necessary
for establishing and conducting a line or lines of steam-
boats, vessels, barges or canal boats, for the convey-
ance of passengers and the transportation of merchan-
dize or other articles between the cities of New York,
Philadelphia or Albany and Baltimore.

Name and
style.

Corporate
powers, &c.

SEC. 2 And be it enacted, That the capital stock of
said company shall be divided into shares of twenty
dollars each, and shall not exceed ten thousand shares,
to be subscribed for or disposed of from time to time in
such manner as the bye-laws or resolutions made in
pursuance of this charter, shall direct.

Capital stock
limited.

SEC. 3. And be it enacted, That the affairs of the
company shall be managed by a president and directors
consisting of five persons, to be chosen from among the
stockholders of said company, the president to be a
member of said board of directors, the said board of
directors shall be elected on the first Monday of April
in each and every year, or within sixty days thereafter,
to continue in office until a new election; a majority of
said directors shall have power to act at all meetings as

Officers— how
& when elec-
ted.