PHILIP P. THOMAS, ESQUIRE, GOVERNOR.

1849.

liams, and William Kimmel, or a majority of them,
their associates, successors and assigns, be and they
are hereby created a corporation and body politic, by
the name and style of the Linganore Copper Compa-
ny, and by that name may have, perpetual succession,
and shall be able and capable in law to sue and be
sited, plead and be impleaded, answer and be an-
swered, in any court of law or equity, and to make
and use a common seal, and to ordain and establish
such bye laws and regulations as shall be necessary
or convenient for conducting the affairs of the corpo-
ration, not repugnant to law.

CHAP. 318.

SEC 2. And be it enacted, That the objects of said
corporation are declared to be the mining, smelting,
manufacturing, and trading in copper, and other ar-
ticles, for which purpose they are authorised to pur-
chase, hold, and sell land, in fee simple or otherwise,
necessary to the conducting of the business, and to
erect thereon all necessary buildings, and that the
capital stock of said corporation shall not be more
than five hundred thousand dollars.

Object of cor-

poration.

Sec. 3. And be it enacted, That for the manage-
ment of the affairs of the company, the stockholders
shall elect a president and not less than, three direc-
tors, who shall remain in office for one year, or until
successors shall be elected; a majority of stockholders
shall at any time call a meeting, upon advising all the
stockholders, by advertisement or otherwise, of the
time and place of holding said meeting.

Affairs--how
managed.

SEC. 4. And be it enacted, That the stock of the
said company shall be deemed personal estate, that all

property, estate, and joint stock of the corporation
shall be bound and answerable for its debts or lia-
bilities.

Capital stock
to be personal
estate.

SEC 5. And be it enacted, That nothing contained

herein, shall be construed as granting banking privi-
leges to said corporation, or exempting their property
from general taxation.

Banking forbid.

SEC. 6. 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.

Reservation.