T. WATKINS LIGON, ESQUIRE, GOVERNOR.

211

gation Company," for the purposes and with the priv-
eges and immunities herein described, defined, and
granted, and by that name shall be a body politic and
corporate, in fact and in law, and may sue and be
sued, plead and be impleaded, in all courts of justice
or elsewhere, and the said company shall have power
and authority, at any time after the passage of this
act, to purchase, charter, build, receive in donation,
hire, possess and enjoy, retain, grant, lease, alien,
sell and convey, under the restrictions and limitations
hereinafter mentioned, such boats or vessels propelled
by steam and others, with all machinery, fixtures and
appurtenances, wharves, warehouses for receiving
and shipping merchandise, grain, and all other agri-
cultural products, stock, marketing, and all such
houses, structures, rights, goods, chattels, and effects
necessary or useful for the construction, and for con-
ducting and carrying on the passenger and freighting
business; and the said company shall have perpetual
succession and power to make and use a common
seal, the same to change and renew at pleasure, and
to adopt and carry into execution such laws or ordi-
nances and regulations as shall by its directions be
adjudged necessary and convenient for the govern-
ment and management of the said company, and the
same to change, alter, repeal and annul, and re-enact;

Provided, the same be not contrary to the constitu-
tion and laws of the United States, or of this State.

Proviso.

SEC. 2. And be it enacted, That the capital stock
of said company shall consist of six hundred shares
of fifty dollars each, and the president and directors
shall have power, from time to time, to increase the
capital stock to such an amount as may be deemed
necessary for the accomplishment of the objects of

Capital stock.

this incorporation; Provided, that the same shall not
exceed two thousand shares at the price aforesaid.

Proviso.

SEC. 3. And be it enacted, That the subscrip-
tion to the capital stock of said company, shall be
received under the direction of George Vickers, Da-
vid C. Blackiston, Isaac Parsons, John Gale, Wil-
liam P. Francis, George D. S. Handy, Richard
Semans, and Doctor Samuel Wells, or a majority of
them, and who shall act as commissioners at such
time and place as they, or a majority, shall designate,
giving at least ten days previous notice in one or
more newspapers printed or published in the city of
Baltimore, at Elkton, in Cecil county, and in Ches-
tertown, Kent county, Maryland, and elsewhere, if

Subscriptions
to capital stock
received.