1847.

LAWS OF MARYLAND.

CHAP. 289.

.Name am
style.

they are hereby incorporated and made a body politic and
corporate by the name of the Preston Coal Company, and
by that name shall have succession, and be able and capa-
ble to sue and be sued, to plead and be impleaded in
any court of law or equity, and may have and use a
common seal and the same to alter and renew at plea-
sure, and the said company shall have all the powers,
privileges and rights necessary for the mining of coal,
and for transporting to market the proceeds of their
mines and lands, and of the mines and lands of other per-
sons, and shall also have power to purchase and hold
all such property, real, personal and mixed as they may

Provisoes.

require for the purposes aforesaid, provided, that said
company shall at no time hold or possess more than two
thousand acres of land, and said company shall have
power for the purposes aforesaid to make such bye-laws,
rules and regulations as may be necessary; provided,
they be not repugnant to any law of the State or of the
United States.

Capital stock

SEC. 2. And be it enacted, That the capital stock of
said company shall consist of five thousand shares of
fifty dollars each, of which the lands and mines of the
said T. J. McKaig and C. M. Thruston shall constitute
a part at such price as may be agreed upon between
them the said T. J. McKaig and C. M. Thruston on
the one part, and those who may associate with them
and constitute the aforesaid corporation by subscription
for stock payable in money on the other part.

Subscriptions
— how taken.

SEC. 3. And be it enacted, That the subscriptions to
the capital stock shall be made at such places and in
such manner as shall be designated by the said T. J.
McKaig and C. M. Thruston. and that the stockhol-
ders of one or more shares of said stock shall be a mem-
ber of said corporation, and shall be entitled at all meet-
ings of the stockholders to one vote lor each share so
held in person or by proxy, and the shares of said capi-
tal stock shall be assignable or transferable as may be
provided for by the bye-laws of said company, and shall
be considered as personal property.

Sections 4, 5
6, 7, 10 and 11
of the charter
of Cumberland
Coal and Iron
company made
applicable to

SEC. 4. And be it enacted, That the fourth, fifth,
sixth, seventh, tenth and eleventh sections of the act to
incorporate the Cumberland Coal and Iron Company,
which passed the General Assembly of Maryland at
December session eighteen hundred and forty, be and
the same are hereby adopted and made a part of this
act.

this company.

To charge toll.

SEC. 5. And be it enacted, That it shall be lawful for
said company to charge, demand and receive for all