T. WATKINS LIGON, ESQUIRE, GOVERNOR.

125

CHAPTER 102.

AN ACT to recognize the Preston Coal and Iron
Company of the State of Virginia as a corporation
and authorizing it to exercise the powers and pri-
vileges of a corporation within the State of Mary-
land for mining and manufacturing purposes.

Passed Mar.
6, 1856.

WHEREAS the Preston Coal and Iron Company of
the State of Virginia was incorporated by that
State for the purpose of mining coal and other
minerals and manufacturing iron and other articles
in the counties of Hampshire, Hardy, and Preston,
in that State; and 'was for that purpose invested
with all the rights, powers, and privileges conferred
by the act incorporating the same; and whereas the
said Company has petitioned for the passage of an
act authorising it to exercise its corporate rights,
powers and privileges in Maryland in the acquisition,
improvement, and use of property for mining and
manufacturing purposes; and in the judgment of the
Legislature the object of said corporation cannot be
attained under general laws; Therefore,

Preamble.

SECTION 1. Be it enacted by the General Assembly
of Maryland, That the Preston Coal and Iron Com-
pany of the State of Virginia be and is hereby made
and recognized as a body politic and corporate for
the purpose of mining coal and other minerals and
manufacturing iron and other articles in Allegany
county, in the State of Maryland; and that for such
purpose it be and is hereby authorized to purchase,
hold, use, sell, convey, transfer or otherwise dispose
of lands or other estate, real, personal or mixed in
said Allegany county, provided that the lands to be
purchased and held by the said Company shall not
exceed two thousand acres; and that its capital stock
of (which its lands are to form a part at such valua-
tion as the said Company may estimate the same)
shall not exceed five hundred thousand dollars in
shares of one hundred dollars each.

Recognised
as a body cor-
porate.

SEC. 2. And be it enacted, That the said Com-
pany be and is hereby authorised to undertake and
carry on the business of mining and manufacturing
in said Allegany county; and that it shall have and
exercise all the rights and powers necessary for the

Company au-
thorised.