1849.

LAWS OF MARYLAND.

CHAP. 258.

have power to declare the stock of such delinquent stock-
holder, subscriber or owner, forfeited, and it shall there-
upon be forfeited and vest in, and be the properly of
said company, and may be sold by the president and
directors thereof, for the benefit of said company.

Banking forbid.

SEC. 8. And be it enacted, That nothing in this act
contained shall be so construed, as to authorise the afore-
said company to make, issue or put into circulation any
negotiable note or notes, payable to beaver, or any note
or notes in the nature of a bank note.

Responsibility
of members.

SEC. 9. And be it enacted, That the stockholders
of said, company, as such, shall not be individually re-
sponsible for the debts, clues, contracts, obligations or
undertakings of said company or any of them, unless
fraud can be proved on the part of the stockholders
sought to be charged, but any director or directors of
said company, who shall consent to, or connive at the
contraction of any debt, or to any further operation of
said company, except such operations as may be neces-
sary towards winding up its concerns, after the said com-
pany shall have contracted debts to double the amount
of the capital slock paid in, and the property and credits
thereof, shall be deemed guilty of fraud, and shall be
held answerable individually in person and estate, for
all and any of the debts and undertakings of said com-
pany.

In force.

Proviso.

SEC. 10. And be it enacted, That the charter of
said company as amended, shall be and continue in force
for thirty years after the passage of this act; provided,
the Legislature shall have the right at all times to repeal,
abrogate and annul the same.

CHAPTER 268.

Passed
Feb. 26, 1850.

An act to Incorporate the Horeb Cemetery of Cum-
berland.

Incorporated,
&c.

SECTION 1. Be it enacted by the General Assembly
of Maryland, That William Price, Samuel M. Semmes,
Thomas Shriver, Thomas J. McKaig, Thomas Perry,
Henry Browne, and W. Thurston, of the city of Cum-
berland, and their successors, be and they are hereby .
created a body politic, by the name and title of the Ho-
reb Cemetery, and by that name shall have perpetual
succession; and shall be able and liable to sue and be