PHILIP F. THOMAS, ESQUIRE, GOVERNOR.

1849.

Ellicott, and William Callow, and their associates, suc-
cessors, and assigns, be and they are hereby created a
corporation and body politic, by the name and style of
Locust Point Steam Ferry Company, and by that name
may have succession, and shall be able and capable in
law to sue and be sued, plead and be impleaded, an-
swer and be answered, in any court of law or equity,
and to make and use a common seal, and to ordain and
establish such bye-law and regulations as shall be ne-
cessary and convenient for conducting the affairs of the
corporation, not repugnant to law.

CHAP. 34.

SEC. 2. And be it enacted, That the objects of said
corporation are declared to be the establishment of a
steam ferry, to transport passengers, goods, wagons, car-
riages, or any other transportable article, within the har-
bor of Baltimore, and to erect wharves, buildings, and
any other appendage necessary or convenient to the con-
duct of the business, for which purpose they are autho-
rised to purchase, hold, sell, rent, and lease land, in
fee simple, or otherwise.

Object of cor-

poration.

SEC. 3. And be it enacted, That the capital stock
of said corporation shall not exceed one hundred thou-
sand dollars.

Capital.

SEC. 4. And be it enacted, That for the management;
of the affairs of the company, the stockholders shall
elect a president and not less than six directors, who
shall remain in office for one year, or until successors
shall be elected, a majority of whom shall form a quo-
rum or board, that a majority of stockholders shall at
any time call a meeting upon advising all the stockhold-
ers, by advertisement or otherwise, of the time and place
of holding said meeting.

President and
Directors.

SEC. 5. And be it enacted, That the stock of the said
company shall be deemed personal estate, that all the
property, estate, and joint stock of the corporation, shall

Stock personal

estate.

be bound and answerable for its debts or liabilities.
SEC. 6. And be it enacted, That nothing contained
herein, shall be construed as granting banking privileges
to said corporation, or exempting their property and ef-
fects from general taxation.

Banking forbid.

SEC. 7. And be it enacted, That the Legislature re-
serves to itself the right to alter or annul this act of in-
corporation whenever the public interest may require it.

Right reserved.