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Session Laws, 1849
Volume 613, Page 85   View pdf image
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PHILIP F. THOMAS, ESQUIRE, GOVERNOR.

1849.

that it shall not be necessary for him to present the cer-
tificate required by the act of eighteen hundred and for-
ty-five, chapter one hundred and thirty-nine, section
one, to the judge or justice of the orphans court, to
whom he may make application, before obtaining his
discharge under this act.

CHAPTER 98.

CHAP. 98.

An act to Incorporate the Chesapeake Manufacturing
Company of Maryland.

Passed
Feb. 11, 1850.

SECTION 1. Be it enacted by the General Assem-
bly of Maryland, That C. E. Wethered, William G.
Thomas, John Wethered, S. Wethered, and Samuel
D. Toy, their associates, successors and assigns, be and
they ore hereby created a corporation and body politic,
by the name and style of the Chesapeake Manufactur-
ing Company, and by that name may and shall be able
and capable in law to sue and be sued, plead and be
impleaded, answer and be answered, in any court of
law or equity, and to make and use a common seal, and
to ordain and establish such bye-laws and regulations
as shall be necessary or convenient for conducting the
affairs of the corporation, not repugnant to law.

Incorporated,
&c.

SEC. 2. And be it enacted, That the objects if
said corporation are declared to be the manufacturing
of and trading in wool and cotton and other articles,
for which purpose, they are hereby authorised and em-
powered to purchase, hold and sell land, in fee simple,
or otherwise, necessary to the conducting of the business,
and to erect thereon, all needful or convenient build-
ings; that the capital stock of said corporation shall not
be less than thirty thousand dollars, nor more than two
hundred thousand dollars, to be divided in shares of one
hundred dollars each.

Objects of cor-
poration.

SEC. 3. And be it enacted, That the said corporation
shall at no time hold more than five hundred acres of
land, which shall be located in Baltimore county.

Not to hold
more than 500
acres of land.

SEC. 4. And be it enacted, That for the manage-
ment of the affairs of the company, the stockholders
shall elect a president and not less than three directors,
who shall remain in office for one year, or until succes-
sors shall be elected, a majority of whom shall form a
quorum or board; that a majority of stockholders shall

Officers— how
and when cho-
sen, &c.



 
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Session Laws, 1849
Volume 613, Page 85   View pdf image
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