PHILIP F. THOMAS, ESQUIRE, GOVERNOR.

ig4t;

SEC. 2. And be it enacted, That the objects of the
company hereinafter incorporated are declared to be
the purchase of lands in the State of Maryland not ex-
ceeding fifty thousand acres, for the purpose of raising
sheep thereon, and vending the wool thereof in the most
convenient markets, and also of importing and raising the
best breeds of foreign sheep, and for the prosecution of
all such other operations as may grow out of or be con-
nected with the said business.

CHAP. 275.
Objects of the
corporation.

SEC. 3. And be it enacted, That the capital stock of
said company shall be fifty thousand dollars, divided
into five hundred shares of one hundred dollars each,
but at any time or times after the organization of the
said company as hereinafter provided, the said company
shall have the right to enlarge the capital stock to any
amount not exceeding the whole sum, one hundred thou-

Capital stock
limited.

sand dollars; provided, that no such enlargement of the
stock shall at any time be made unless approved of by
stockholders bona fide holding and owing at the same
time two-thirds of the whole capital, such additional
stock to be divided into shares of one hundred dollars
each.

Proviso.

SEC. 4. And be it enacted, That the said commis-
sioners shall cause the books to be kept open at least

twenty days, and within twenty days after the expira-
tion thereof, shall call a general meeting of the subsci-
bers by public notice in one or more newspapers printed
in the town of Cumberland, of the time and place of said
meeting, and such meeting shall and may be continued\

from day to day until the business is finished.

Books to be
kept open.

SEC. 5. And be it enacted, That whenever the said
sum of fifty thousand dollars, the capital stock of said
company, shall have been subscribed, it shall thereupon
be the duty of the said commissioners, or a majority of

them, to call a general meeting of the said subscribers
at such time and place as a majority of them shall ap-
point, and in such manner as a majority of them shall
direct, and when a majority of the said subscribers
holding a major part of said stock shall be present at

such meeting, they, the said subscribers, their heirs and

First general
meeting.

assigns shall be and are hereby incorporated into a com-
pany by the name and style of the Allegany Wool Grow-
ing Company, and by that name have succession, and
shall be able and capable to sue and be sued, plead 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 renew at pleasure.

Incorporated.