1849.

LAWS OF MARYLAND.

CHAP. 339.

Capital stock
limited.

SEC. 8. And be it enacted, That the capital stock
of the said corporation shall not exceed the sum of
one hundred thousand dollars, until an additional
capital is authorised by the General Assembly.

Subject to in-
spection.

SEC. 9. And be it enacted, That the concerns of
the institution hereby incorporated, shall at all times
be subject to the inspection of the treasurer of Mary-
land, or of such other officer or agent of the State,
as may be selected by either branch of the Legisla-
ture for that purpose, and the Legislature shall at all
times have the right to alter or annul this act.

CHAPTER 339.

Passed Mar. 1,
1850.

An act to incorporate the Village of Northeast, in Cecil
county.

Preamble.

WHEREAS, it is represented to this General Assembly,
That it would greatly contribute to the advantage and
improvement of the village of Northeast, in Cecil
county, if the same should be placed under the care
and regulation of certain commissioners, to be elected
by the citizens thereof, and vested with sufficient
powers to forward and effect the purposes intended —
Therefore,

Incorporated,
etc.

SECTION I. Be it enacted by the General Assembly
of Maryland, That the citizens of the village of North-
east, in Cecil county, shall be, and they are hereby
, Constituted and made a body corporate, by the name
of the president and commissioners of the village of
Northeast, and as such shall have succession, and by
their corporate name may sue and be sued, plead and
be impleaded, grant, receive and do all other acts as
natural persons, and may purchase and hold real, and
personal, and mixed property, or dispose of the same
for the benefit of the said village, and have and use a
common seal, which may be broken or altered at plea-
sure.

Commissioners
to be elected.

SEC. 2. And be it enacted, That all free white male
citizens of the village of Northeast, aforesaid, above
twenty-one years of age, who shall have bona fide
resided in said village for and during the space of six
months, and twelve months in the State next preced-
ing the election, shall, on the third Monday in March
next, at the School House, in said village, and on the