PHILIP F. THOMAS, ESQUIRE, GOVERNOR.

1847.

CHAPTER 247.

An act to incorporate the Antietam Iron Manufacturing
Company of Washington County.

SECTION 1. Be it enacted by the General Assembly of

Maryland, That Robert Gilmor, Alexander Neill,
Senior, John Barker, Andrew Rench, Richard Lemmon
and Thomas G. Harris, their associates, successors, and
assigns are hereby made and declared to be a body cor-

CHAP. 247.

Passed
March 9, 1848,

Incorporated.

porate, by the name of the Antietam Iron Manufactur-
ing Company of Washington county, and by that name

may sue and be sued in any court of law or equity, and
may make and use a common seal and alter the same
at pleasure, and may have and use all the rights, powers
and privileges necessary or proper for manufacturing
iron from ore into any and every form and forms, and
for vending the same when made, and to purchase, hold
and use real and personal estate, and to construct such
buildings and improvements on their lands as may be
necessary to carry on their said business, and the said
estate or any part thereof to sell and convey, or other-
wise dispose of as they may deem proper, and generally
to do all such acts and to pass and enforce such bye-laws
and regulations as may be necessary and proper for con-
ducting the business of said corporation, the same not
being contrary to law or to the provisions of this act.,

Name and
style.

Corporate
powers.

SEC. 2. And be it enacted, That the capital slock of
said company shall be divided into shares of five hun-
dred dollars each, and shall at no time exceed five hun-
dred thousand dollars, and every person who shall be
the proprietor of one share or more of said stock shall
be a member of said corporation, and as such shall be
entitled at all elections, and in all meetings of the stock-
holders to one vote, in person or by attorney, for each
and every share of said capital stock which is held by
such person, and the said capita! stock may in whole or
in part consist of and be vested in land, buildings, ma-
chinery, tools and materials necessary or useful for car-
rying on the business of said corporation, and the shares
of said capital stock shall be deemed personal estate
and be transferable only on the books of the corporation,
and in such manner, as may be provided and directed by
the bye-laws.

Capital stock
limited.

SEC. 3. And be it enacted, That the affairs of said
company shall be conducted by a president and six di-
rectors, who shall be chosen by the stockholders from
amongst themselves so soon as a sufficient amount of

Directors —
how and when
elected— their
duties.