T. WATKINS LIGON, ESQUIRE, GOVERNOR.

269

SEC. 3. And be it enacted, That the commissioners
of said county shall levy the costs necessity to carry out
the provisions of this act, as other county charges are
levied, and cause the said costs to be paid.

Levy of costs.

SEC. 4. And be it enacted, That this act shall be
in force and take effect from and after its passage.

CHAPTER 207.

In force.

AN ACT to incorporate the Highland Coal and Iron
Company.

Passed
Mar. 10, 1854.

SECTION 1. Be it enacted by the General Assembly
of Maryland, That James Percy, J. Philip Roman,
John Swann and David Percy, and the owners of the
shares of stock hereinafter authorised to be created, be,
and they ate hereby made a body corporate in law and
in fact, by the name of the Highland Coal and Iron
Company, and in that name, may purchase, have, hold,
use and acquire by any lawful means, and may receive
in donation or in trust, estate real, personal and mixed,
and the same may sell, lease, let, transfer and convey or
otherwise dispose of, and may sue and be sued, plead
and be impleaded at law and in equity, and may have
and use a common seal, and the Same modify or change
at pleasure, and may make by laws, rules and regula-
tions for the belter management of their affairs, the
same being consistent with the constitution and laws of
this State and of the United States.

Incorporated.

SEC. 2. And be it enacted, That the management of
the said company shall be vested in a board of five di-
rectors one of whom shall be President to be selected
by the stockholders in such manner as the by-laws may
prescribe; and the said board shall have full power and
authority in the name of the company to do all things
which may be necessary and proper to be done by them
as a company incorporated for the purpose of owning
lands and mines, for improving, opening and working
the same, to transport the growth and products of their
lands and mines to market, and to execute and carry
into effect the powers and privileges herein granted.

Management.