PHILIP F. THOMAS, ESQUIRE, GOVERNOR.

1849.

CHAPTER 552.

CHAP. 552.

An act to incorporate the Weverton Building Asso-
ciation.

Passed
Mar. 9, 1850.

SECTION 1. Be it enacted by the General Assembly
of Maryland, That Jacob Rinehart, Peter Stouffer,

Adam Weaver, William Speaker, William Lough-
ridge, John Ringer, Benjamin I. Grubb, William M.
Thompson, Lewis Bell and William C. Kirkheart,
and all others, who may hereafter subscribe for or be-
come owners of stock in said association, shall be
and are hereby created and made a corporation and
body politic, by the name and style of the Weverton
Building Association, and by that name shall have
succession, and shall be capable by law, to hold pro-
perty, erect buildings and make other improvements
thereon, and the same to let or sell or otherwise dis-
pose of, sue and be sued, plead and be impleaded,
answer and defend and be answered and defended in
courts of law and equity, or in any other place what-
ever, and to receive and make all deeds, leases, con-
tracts, covenants, conveyances and grants whatso-
ever, and to make, have and use a common seal,
and the same to alter or change, and generally to
do every other act or thing necessary to carry into
effect the provisions of this act and promote the design
of said corporation, and to ordain, establish and en-
force such bye-laws and regulations as shall be neces-
sary and proper, the same not being contrary to law
or the provisions of this act.

Incorporated.

SEC. 2 And be it enacted, That the capital stock of

said association shall consist of not less than one

hundred shares of ton dollars each, and shall at no
time exceed five thousand shares, and every person
who shall be a proprietor of one share or more of said
stock, shall in virtue thereof, be a member of said cor-
poration, and as such entitled at all elections, and at
all meetings of the stockholders, to one vote in person
or by proxy, for each and every share of said capital
stock, which shall be held by such person, and the
said capital stork may in whole or in part consist of
and be vested in lands, buildings, machinery, tools
and materials necessary or useful for promoting the
object or carrying on the business of said corporation as
aforesaid, and the shares of said capital stock shall be
deemed personal estate and assignable and transfera-
ble only on the books of the corporation, in person or
by attorney, and in such manner as said corporation
may prescribe.

Capital stock,
etc.