T. WATKINS LIGON, ESQUIRE, GOVERNOR.

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ness, and may also employ all such agents and make
all such contracts and purchases, and take and hold,
all such gifts and grants of property, real and per-
sonal, or of any interest in the same, as may be found
necessary or expedient for the purposes aforesaid.

SEC. 7. And be it enacted, That the capital stock
of said company shall be deemed personal property,
and that the shares of said stock may be transferred
on the books of said company, in such manner as its
by-laws may direct; but all debts or moneys due the
said company by the stockholders wanting to make
the transfer, and all outstanding engagements on
•which he is then liable to said company, shall be
paid or satisfied out of said stock or otherwise, before
any transfer of said stock can be made, and before
any dividends can be paid upon the same; except by
the special permission of the president and directors
of said company, and when the said company shall
be organized the amount due upon the subscription
to its capital stock, shall be paid in instalments at
such times as the president and directors may require
the same to be paid, and to be secured in such man-
ner as they may require, they giving at least sixty
days notice of the demand of any instalment or in-
stalments, in at least one newspaper printed or pub-
lished in the city of Baltimore, and one in Cecil, and
one in Kent county, and in default of payment of
any instalment, the president and directors may offer
at public sale, so many of the shares of stock in de-
fault, as may be sufficient to discharge the sum or
sums then due on the same, and the purchaser thereof
shall hold the same, subject to the same regulations,
and with the same rights, as if they had been origi-
nally subscribed by him.

Stock trans-
ferable.

SEC. 8. And be it enacted, That the said compa-
ny shall have power to charge, demand, sue for and
recover, such prices or sums of money as they may
fix or determine upon from time to time, for carrying
or conveying passengers, for freights, and for other
things connected with their said business, and that
they shall keep, set up in some public place in their
said boats or vessels, a tariff or list of such charges.

Authorised to
charge for pas-
sengers and
freight.

SEC. 9. And be it enacted, That the said company
shall have true and trusty agents, captains, and ser-
vants, and that all grain, marketing, or other articles
of merchandise, and for every description of prop-
erty committed to their care, the company shall hold

Company lia-
ble.