1849.

LAWS OF MARYLAND.

CHAP. 311.

Proviso.

of their respective successors, and for the conducting
the affairs of the corporation; provided, the said bye-
laws be not contrary to the laws and constitution of

this State, or of the United States.

To hold prop-
erty.

SEC. 2. And be it enacted, That the said several
corporations shall be capable in law to have, take, re-
ceive and hold, severally, property, real, personal and
mixed, whether the same be given, granted, devised,
or bequeathed, and the same to dispose of at pleasure;

Proviso.

provided always, that no one of said corporations shall,
at any one time, hold or possess property, real, per-
sonal, or mixed, exceeding in value the sum of twelve
thousand dollars.

Banking forbid.

SEC. 3. And be it enacted, That nothing in this act
shall be so construed as to authorise said corporations,
or any one of them, to issue any note, token, device,
or other evidence of debt, to be used as a currency.

Right reserved
etc.

SEC. 4. And be it enacted, That this act of incor-
poration shall take effect from the day of its passage,
and continue in force for twenty years from said day,
the right being hereby expressly reserved to the Legis-
lature of Maryland, to alter or annul this act at its
pleasure.

CHAPTER 311.

Passed Mar. 1,
1850.

An act to incorporate the Trustees of Independence
School, in Cecil county.

Incorporated,
&c.

SECTION 1. Be it enacted by the General Assembly
of Maryland, That John Carrier, Philip Jackson,
Henry Jackson, Samuel Aitkin, and John N. Y. Ry-
an, and their successors, be and they are hereby in-
corporated, and shall have succession, by the name of
the Trustees of the Independence School, and by that
name may sue and be sued, and have a corporate seal,
which they may break, alter, and change at pleasure,
may hold property to any amount not exceeding twelve
thousand dollars, and dispose of the same, may make
bye laws not contrary to the laws of this State, or of
the United States, and to do all other acts necessary
for the regulation, prosperity, and the promotion of
education in said school.

Of whom com-
posed.

SEC. 2. And be it enacted, That the said trustees
shall hold till successors be elected, and that every