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Session Laws, 1854
Volume 616, Page 450   View pdf image
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T. WATKINS LIGON, ESQUIRE, GOVERNOR

447

CHAPTER 318.

AN ACT to incorporate the Baltimore Hide and Leather
company.

Passed
Mar. 10, 1854.

WHEREAS, certain persons have united for the purpose
of tanning and manufacturing leather by a new and
improved method, and in order more effectually to
carry out the purposes of said association, are desirous
of obtaining a charter of incorporation; Therefore,

Preamble.

SECTION 1. Be it enacted by the General Assembly
of Maryland, That John W. Dorsey, William W.
Reid, Elsworth M. Purderson, William Hamilton,
George W. Lane, Charles West, George W. Thomas
and George B. Clarke, their associates and all others
who may hereafter subscribe for or become owners of
stock in said company, be, and they hereby are consti-
tuted a body politic and corporate for the purpose of ma-
nufacturing leather and dealing in hides, leather and
tanning materials, by the name and style of the Balti-
more Hide and Leather Company, and that by the
said name they and their successors shall and may have
perpetual succession, and have and use a common,
seal, and alter or change the same at pleasure, with
capacity to purchase, take and hold goods and chatties,
lands and tenements, and the same to grant, sell, let or
assign, and by the name and style aforesaid they may
sue and be sued, plead and be impleaded in all manner
of actions, suits, complaints, matters and causes, what-
soever, and shall have power to enter into all manner
of contracts necessary for the manufacturing operations
and business of the company, and to make such by-
laws, rules and regulations not contrary to the laws of
the United States, or of this State, as they may deem
expedient and proper for the government of said corpo-
ration.

Incorporated.

SEC. 2. And be it enacted, That the capital stock of
said company shall not be less than fifty thousand dol-
lars, nor more than one hundred thousand dollars, and
shall be divided into shares of fifty dollars each, to be
raised by subscription, for which purpose the within
named persons or any three of them, shall have power
and authority to open books when, where and under
whom they may appoint for that purpose, and shall
act as directors until the first Monday in June next, or

Capital stock.



 
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Session Laws, 1854
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