PHILIP F. THOMAS, ESQUIRE, GOVERNOR,

1849.

SEC. 8. Be it enacted, That at any time during the
year one quarter of the stockholders in interest may re-
quire the president to call a general meeting of the
stockholders, by giving at least twenty days notice.

CHAP. 56.

General meet-

ings.

SEC. 9. Be it enacted, That the president of said
company, or an agent appointed by him, shall have

full power to purchase and contract, for such machinery,
fixtures, and material necessary to the business, and to
purchase or lease such buildings, lands, or power as may
be necessary thereto; all notes, stock, scrip, or other evi-
dences of indebtedness by said company, must be signed
by the president and secretary, with the seal of the com-
pany.

May hold prop-
erty.

SEC. 10. Be it enacted, That any person becoming
a subscriber to the capital stock shall, at the time of said

subscription, pay five dollars on each share so subscribed
for, and the remainder in instalments of five dollars
each, as often as may be called for by the president and
directors, after giving at least thirty days notice, until it
is all paid.

Capital — how
paid in.

SEC. 11. Be it enacted, That nothing in this act be

so construed as to authorise the said corporation to issue
any note, token, device, scrip, or other evidence of debt,
to be used as a currency.

Banking forbid.

SEC. 12. Be it enacted, That this act shall com-
mence and be in force from the passage thereof; and it
shall at all times, from the organization of the compa-
ny, be liable to be annulled or repealed at the pleasure
of the Legislature.

CHAPTER 56.

In force.

An act to incorporate the Parker Vein Coal Com-
pany.

Passed Feb.
2, 1850.

SECTION 1. Be it enacted by the General Assembly
of Maryland, That E. W. Moore, William M. Jack-
son, F. L. Richardson, and William H. Pomeroy,
their associates, successor, and assigns, are hereby
made a corporation, by the name of the Parker Vein
Coal Company, for the purpose of working mines of
coal and iron, and for vending the products of the
same, and as such shall have a common seal, and
shall have power to sue and be sued, plead and be
impleaded, in any court of law and equity, and to

Incorporated,
&c.