PHILIP F. THOMAS, ESQUIRE, GOVERNOR.

1849.

their judgment may be necessary to enable them to
complete said road with the least possible delay;
provided however, that no such loan shall be made by
them at a greater rate of interest than six per cent per
annum.

CHAP. 238.
Proviso.

CHAPTER 238.

An act to Incorporate the Baltimore Theatre Asso-
ciation.

Passed
Feb. 26, 1850.

SECTION I. Be it enacted by the General Assembly
of Maryland, That Fielding Lucas, junior, John Glenn,
Josiah Lee, William Frick, James V. Wagner, William
H. Gatchell and John S. Shriver, and such other per-
sons as may become stockholders in said Baltimore
Theatre Association, their successors and assigns, be and
they are hereby created a corporation and body politic,
by the name of the Baltimore Theatre Association, and
by that name shall have succession, may sue and be
sued in any court of law or equity, have and use a com-
mon seal, and at pleasure change the same, and gene-
rally to do every act and thing necessary to carry into
effect the provisions of this act, and to promote the de-
sign of this corporation.

Incorporated,
&c.

SEC. 2. And be it enacted, That the said corpora-
tion is hereby authorised and empowered to purchase or
lease, and have, hold, enjoy and improve such real and
personal property, as they may deem necessary for
erecting and establishing and conducting a theatre, as-
sembly rooms, hall for musical entertainments, or other
public purposes, and the same again to sell and convey,

May hold prop-
erty.

rent or hire; provided, the said company, so owned or held
shall at no one time exceed in value the sum of one hun-
dred thousand dollars, to be divided into such number of
shares, each of such amount, and be subscribed for, or
disposed of, from time to time, as the resolutions or bye-
laws, made in pursuance of this charter, shall provide.

Proviso.

SEC. 3. And be it enacted, That the affairs of the
said company shall be managed by a president and di-
rectors, consisting of some persons, to be chosen on the
first Monday in each year, by the stockholders voting in
person or by proxy, each share entitled to one vole, the
said president to be chosen by said several directors from
among their own number, the said president and direc-

Affairs— how
managed.