1849.

LAWS OF MARYLAND.

CHAP. 158.

become stockholders in said corporation, their successors
and assigns, be and they are hereby created a body cor-
porate and politic, by the name and style of the Balti-
more Copper Smelting Company, and by that name,
may sue and be sued, answer and defend, in any court
of law or of equity, and may ordain and establish such
bye-laws, rules and regulations, as shall appear neces-
sary for conducting the concerns of said corporation, not
contrary to the laws of this State, or of the United
States; and the same to change, to alter and amend as
may appear proper; and may make, have, and use a
common seal, and generally may do any act, or thing
necessary to carry into effect the provisions of this act,
and to promote the design of the corporation.

May hold prop-
erty.

SEC. 2. And be it enacted, That the said corpora-
tion be and it is hereby empowered to procure, by min-
ing therefor, or otherwise, copper and other metalic
ores, and to smelt, and prepare the same for manufacture:
and to manufacture the product of said copper and other
ores, and to vend said ores and products, and manufac-
tures, at any place or places; or transport, or export the
same for sale or otherwise, as may at any time or times
seem expedient, in vessels, or by other means of said
corporation, and to have, hold and improve, for the pur-
poses aforesaid of the corporation, and to acquire and
to sell and dispose of, any real estate, or personal prop-
erty, from time to time, as may be judged expedient.

Capital stock.

SEC. 3. And be it enacted, That the capital stock
of said corporation shall not exceed four hundred thou-
sand dollars, to be divided into shares of one hundred
dollars each, and to be subscribed for, under the direc-
tion of some one or more of the persons named in this
act; and any person may subscribe lands, or mines, or
mining rights and privileges, in place of a monied sub-
scription to said stock, to be received in subscription as
aforesaid, at such valuation as a majority of all the sub-
scribers or shareholder shall fix for such subscriptions;
subject, however, to become void, if satisfactory titles or
conveyances, to the corporation, be not made at such
time as the said corporation may direct after its organi-
zation.

When to be
operative.

SEC. 4. And be it enacted, That said corporation
may be organized and go into operation as aforesaid, on
having subscriptions made to its stock of seventy-five
thousand dollars in money, the person or persons under
whose direction subscriptions as aforesaid shall be re-
ceived, fixing the time and manner of payment of such,
subscription monies.