1849.

LAWS OF MARYLAND.

CHAP. 482.

CHAPTER 482.

Passed
March 9, 1850.

An act to incorporate the Potomac Steam Boat Com-
pany.

Incorporated,
etc.

SECTION 1. Be it enacted by the General Assembly
of Maryland, That John S. Shriver and Moncue
Robinson, their associates, successors and assigns, he
and they are hereby incorporated by the name and
style of the Potomac Steamboat Company, for the
purpose of running a steamboat or steamboats on the
Potomac river, and Chesapeake bay, or any of the
waters thereof, and by that name shall be capable in
law of purchasing, holding, selling, leasing mid con-
veying estate, real, personal and mixed, so far as
shall be necessary for the purpose above named, and
no further, and by said corporate name may sue and
be sued, and may have and use a common seal, which
they shall have power to alter or renew at their plea-
sure, and shall have and enjoy and may exercise all
the corporate rights and privileges which other cor-
porate bodies may lawfully do, for the purposes above
mentioned and may make all such bye-laws, rules
and regulations, not inconsistent wild the provisions
of this act of incorporation, or the laws of this State
or the United States, as shall be necessary for well
ordering and conducting the affairs of the company.

Capital stock.

SEC. 2. And be it further enacted, That the capital
stock of the said company shall consist of, not ex-
ceeding two hundred thousand dollars, in shares of
one hundred dollars each.

General meet-
ings, &c.

SEC. 3. And be it further enacted, That a general
meeting of the company shall be held at some place
in the city of Baltimore, twenty days notice of the
time and place of holding the same being first given
in one of the newspapers of the said city, as soon as
may be conveniently, after the sum of thirty thou-
sand dollars shall have been subscribed to the stock
of the said company, at which general meeting a
president and such number of directors as may be
determined on by the stockholders, or a majority
thereof shall be appointed for conducting the affairs
of the company, until others may be appointed in
their stead, to constitute such or any general meeting,
the presence of persons holding a majority of the
stock of the company, shall be necessary, either in
person or by proxy, and at all general meetings each
share of stock shall entitle the holder to one vote,