1847.

LAWS OF MARYLAND.

CHAP. 291.

Name and
style.

with them in the manner hereinafter described, shall be
and they are hereby incorporated by the name of the
Alexandria Mining Company, and as such shall have
succession, and may have and use a common seal, and

Corporate
powers, &c.

be able and capable to sue and be sued, plead or be im-
pleaded in any court of law or equity, and may also have,
use, exercise and enjoy all the powers, privileges and
rights proper and necessary for carrying on the manufac-
ture or iron and of articles of which iron is a component
part, and for working, opening, transporting to market
and vending the produce of their lands, mines and ma-
nufactories, and shall have power to take, purchase and
hold all such property, veal, 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

Proviso.

relation to the business and property aforesaid; provid-
ed, that the said company shall at no time hold or pos-
sess in this State more than five thousand acres of land,
and may for the purposes aforesaid have and exercise,
except as restrained by this net, 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 laws of this State
or of the United Slates.

Capital stock.

SEC. 2. And be it enacted, That the capital stock of
said company shall he divided into ten thousand shares
of one hundred dollars each, of which the lands and
mines of the said J. H. Lathrop, Daniel Bryan and W.
C. Bestor shall constitute a part at such price as may be
agreed upon between them on the one pan, and those
who may associate with them and constitute the afore-
said corporation by subscribing for stock payable in
money on the other part.

Subscriptions
regulated.

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 J.
H. Lathrop, Daniel Bryan and W. C. Bestor or a majo-
rity of them, and that any person owning one or more
shares of said stock shall be a member of said corpora-
tion, and shall be entitled at all meetings of the stockhol-
ders to one vote for each share so held in person or by
proxy, and the shares of said capital stock shall be as
signable or transferable as may be provided for in the

Proviso.

bye-laws of said company, and shall be considered as
personal property; provided, that no share shall be so
transferred on the books of the company until all dues
and liens thereon in favor of the company shall have