PHILIP F. THOMAS, ESQUIRE, GOVERNOR.

1847.

and Edward Helfenstein, and such other persons as may
be associated with them in the manner hereinafter pre-
scribed, shall be and they are hereby incorporated by
the name of the Baltimore Mining Company, and as such
shall have succession, and may have and use a common

CHAP. 282.

Name and
style.

seal, and be able and capable to sue and be sued, plead
and be impleaded in any court of law or equity, and may
also have, use, exercise and enjoy all the powers, privi-
leges and rights proper and necessary for carrying on
the manufacture of iron and of articles of which iron is
a component part, and fur working, opening, transport-
ing to market and vending the produce of their lands,
mines and manufactories, and shall have power to take,
purchase and hold all such property, feat, personal or
mixed as they may require for the purposes aforesaid,
and shall have power to make and enter into all manner
of contracts in relation to the business and property

Corporate

powers.

aforesaid; provided, that the said company shall at no
time hold or possess in this State more than five thousand
acres of land, and may for the purposes aforesaid have
and exercise, except as restricted by this act, the right
to make bye-laws, rules and regulations, and all the
rights, privileges and powers necessary to the objects
of this act, and to the use, control and disposition of the
property acquired by them, and not repugnant to any law

of this State or of the United States.

Proviso.

SEC. 2. And be it enacted That the capital stock of
said company shall be divided into ten thousand shares
of one hundred dollars each, of which the lands and
mines of the said W. L. Helfenstein, Abalard Guthrie
and Edward Helfenstein shall constitute a part at such
price as may be agreed upon between them on the one
part, and those who may associate with them and con-
stitute the aforesaid corporation, by subscribing for stock
payable in money on the other part.

Capital stock
limited.

SEC. 3. And be it enacted, That the subscriptions to
the capital stock shall be made at such place or places

and in such manner as shall be designated by the said W.
L. Helfenstein, Abalard Guthrie and Edward Helfen-
stein, or a majority of them, and that any person owning
tine or more shares of said stock shall be a member of
said corporation, and shall be entitled at all meetings of
the stockholders to one vote for each share so held, in

How & when
subscribed.

person or by proxy, and the shares of said capital stock
shall be assignable or transferable as may be provided
for in the bye-laws of said company, and shall be con-
sidered as personal property; provided, that no share
shall be so transferred on the books of the company until
42

Stock trans-
ferrable.