PHILIP F. THOMAS, ESQUIRE, GOVERNOR.

1849.

SEC. 7. And be it enacted, That the shares of the
stock aforesaid may be transferred by the owners
thereof, their executors, administrators, assigns, or at-
torney duly authorised, in a book to be provided for
that purpose, and in such manner as the directors shall
direct.

CHAP. 300.

How transfered.

SEC. 8. And be it enacted, That all the joint stock,
property, money, and effects of said company shall be
answerable for all contracts made by or for said com-
pany, and for all just claims against the same, and the
service of legal process on any one of the directors,
shall be considered as sufficient service in the corpo-
ration, the stockholders not to be answerable in per-
son or property, for any contract, debt, or claim against
the said corporation, that only the joint stock, funds,
or assets of said company, to be liable for the debts
and claims due by the corporation.

Responsibility

of members.

SEC. 9. And be it enacted, That nothing in this
act shall be construed to authorise said company to
obtain possession of, or use any wharf or landing,
without the consent of the owner or owners of such
wharf or landing.

Not to impair
private rights.

SEC. 10. And be it enacted, That the board of direc-
tors, or the stockholders holding a majority of the
stock, shall have power, at any time, to call a general
meeting of the stockholders, by giving public notice
for throe weeks prior thereto, of the time, place, and
object of such general meeting of the stockholders,
and at all such meeting of the stockholders, the votes
shall be taken as in the manner of electing directors,
and if a majority of the stock of said company is re-
presented at any such said meetings, they shall have
the power of closing and winding up the concerns of
said company.

General meet-
ings — how and
when called.

SEC. 11. And be it enacted, That said corporation
is hereby prohibited from issuing any note, certificate,
device, or evidence of debt, to be used as currency,
and that the right is hereby expressly reserved to the
General Assembly of Maryland to repeal this act at
pleasure.

Banking forbid.

SEC. 12. And be it enacted, That this act shall en-
dure for thirty years from the date of its passage, if
not sooner repealed by the General Assembly of Mary-
land.

In force, &c.