1847.

LAWS OF MARYLAND.

CHAP. 76.

Name and
style.

Nesbitt, Alexander Neill, Junior, George Schley, Peter
Swartz Welder, George W. Smith, William Stewart,
and all others who have subscribed, or may hereafter in
virtue of this act subscribe to, or take stock in the
joint stock company hereinafter mentioned, their suc-
cessors and assigns, be and they are hereby created a
body corporate or politic, by the name and style of the
Hagerstown Lyceum, and by that name shall be capable
in law or equity to sue or be sued, implead or be implead-
ed, answer or be answered, to have perpetual succession,
to make and use a common seal, and the same to alter or
change at pleasure, and to ordain and establish such bye-
laws and regulations, not contrary to law or this act, as
shall be necessary or convenient for conducting the af-
fairs of the corporation.

Capital stock
limited to ten
thousand dol-
lars.

SEC. 2. And be it enacted, That the stock of said
company or corporation shall not exceed the sum of ten
thousand dollars, in shares of five dollars each, subscib-
ed or to be subscribed as aforesaid, to be used in the
purchase of a suitable portion of ground in the town of
Hagerstown, in Washington county, and the erection
thereon of a building or buildings, to contain a commo-
dious hall or saloon for literary and scientific purposes,
and for such other like objects an the company by their
bye-laws may designate, which property the said com-
pany are hereby empowered to acquire, hold, possess
and enjoy in their name aforesaid, and for said purposes.

When to go
into operation.

SEC. 3. And be it enacted, That said company shall
be enabled to go into operation with the amount of mo-
ney already subscribed, as stated in the preamble of this
act, and immediately after the passage hereof, which sum
may be increased to any amount afterwards, not exceed-
ing an additional sum of six thousand five hundred dol-
lars, as may be determined by the corporation in general
meeting; the said subscriptions heretofore made or
hereafter to be increased or made, to be paid in instal-
ments at such periods as the board of managers herein-
after provided for, shall determine and prescribe.

Corporate
powers, &c.

SEC. 4. And be it enacted, That in the construction
and erection of the building or buildings aforesaid, the
said corporation shall have power to construct such
other rooms or apartments, in connection with said hall,
as the ground may admit of, for the purpose of libra-
ries, reading rooms, offices, stores or places of business,
which together with said hall or saloon, or any vacant
ground or premises that may belong to said institution,
the board of managers under the bye-laws of said com-
pany shall have power to lease, rent or let out, and to