PHILIP F. THOMAS, ESQUIRE, GOVERNOR.

1849.

J. Willis, and such other persons as may, from time to
time, become and be possessed of stock in said compa-
ny, their successors and assigns, be and are hereby in-
corporated by the name of the Farmers and Merchants
Steam Boat company of Choptank river, and by that
name and title shall have succession, and shall be capa-
ble in law to sue and be sued in any court of law or
equity, to have and use a common seal, and to alter the
same when deemed expedient, and generally to do all
such acts as shall be proper and necessary for the pur-
pose of establishing a steamboat line between the city of
Baltimore and the Eastern Shore of Maryland, and to
navigate the Chesapeake bay and its tributary streams
within this State, or to establish a line between the city
of Philadelphia and the said Eastern Shore, and the
said company shall have power to transport, by a vessel
or vessels propelled by steam, passengers and every des-
cription of freight to and from the said cities, to and
from the various landings along the Chesapeake bay, or
its tributary streams.

CHAP 437.

SEC 2. And be it enacted, That the capital stock
of said company shall consist, of one hundred and eighty
shares of fifty dollars each; the president and directors
shall have power, from time to time, to increase the
capital stock to such an amount as may he found neces-
sary or expedient for the accomplishment of the objects

Capital stock.

of this incorporation; provided, that the same does not
exceed twenty thousand dollars.

Proviso.

SEC. 3. And be it enacted, That the persons herein
incorporated, or a majority of them assembled, due no-
tice having been given to the rest of the company of the
designs, the time and place of meeting, may make and
regulations as may be suited to the purposes of their incor-
poration, choose their officers, and provide in every other
proper manner for the government of said company, and
the said company, or a majority of them, assembled as
aforesaid, shall have power and authority at any time to
adopt and to carry into execution such laws, regulations
and ordinances as shall be adjudged necessary and pro-
per for the government and management of the said
company, and the same to change, alter, repeal, annul

Corporate
powers.

and re-enact; provided, the same be not contrary to the
constitution and laws of the United States, or of this
State.

Proviso.

SEC. 4. And be it enacted, That no member of said
company shall be answerable in his person or individual
property, for any contract or engagement of said compa-
ny, or for any losses or failures of the capital stock

Responsibility
of members.