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Session Laws, 1854
Volume 616, Page 191   View pdf image
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186

LAWS OF MARYLAND.

Commission-
ers appointed.

SECTION 1. Be it enacted by the General Assembly
of Maryland, That George W. Dobbin, James Piper,
William Baker Dorsey and Charles G. Hanson, of
Howard county, and Henry Tiffany, Robert Clinton
Wright and John W. Ross, of the city of Baltimore,
be, and they are hereby appointed commissioners un-
der the direction of a majority of whom subscriptions
may be received to the capital stock of the Elkridge
Manufacturing and Milling Company hereby incorpo-
rated, and they or a majority of them may cause books
to be opened at such times and places in the city of
Baltimore, as they may direct, for the purpose of re-
ceiving subscriptions to the capital stock of said com-
pany, after having given such notice of the times and
places of opening the same, as they may deem proper,
and that upon the first opening of said books, they
shall be kept open for at least five successive days, from
ten o'clock, A. M., until two o'clock, P. M., or until
the number of shares necessary to the incorporation of
the company are subscribed, and if at the expiration of
that period such a subscription to the capital stock of
said company, as is necessary to its incorporation, shall
not hove been obtained, the said commissioners or a
majority of them, may cause the said books to be open-
ed from time to time after the expiration of the said
five days, until the sum necessary to the incorporation
of the company shall be subscribed, and if any of the
said commissioners shall die, resign or refuse to act dur-
ing the continuance of the duties devolved upon them
by this act, another may be appointed in his stead by
the remaining commissioners or a majority of them.

Capital stock.

SEC. 2. And be it enacted, That the capital stock
of the said Elkridge Manufacturing and Milling com-
pany shall be five hundred thousand dollars, in shares
of one hundred dollars each, and as soon as one thou-
sand shares of the said capital stock shall be subscribed,
the subscribers of the said stock, their successors and
assigns shall be, and they are hereby declared to be in-
corporated into a company by the name of the Elk-
ridge Manufacturing and Milling company, and by
that name shall have perpetual succession, may sue
and be sued, may have and use a common seal, which
they shall have power to alter or renew at their plea-
sure, may make such by-laws and regulations as they
may deem proper or convenient for conducting the af-
fairs of the corporation, and generally may have and
exercise all such powers and privileges as are necessary
for carrying out the objects of the said corporation.



 
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Session Laws, 1854
Volume 616, Page 191   View pdf image
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