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LAWS OF MARYLAND.

CHAPTER 273.

Passed March
10, 1856.

AN ACT to incorporate the Chiriqui Real Estate
Company.

Incorporated.

SECTION 1. Be it enacted by the General .Assembly
of Maryland, That John Whiting, Robert McDowall,
William W. Virdin, James L. Bartol, James Whi-
ting and Elisha R. Sprague, their associates, succes-
sors and assigns, be and they are hereby created a
body politic and corporate, by the name, style and
title of the "Chiriqui Real Estate Company," and by
such title shall have perpetual succession, and shall be
capable to hold and improve lands in New Grenada,
to cultivate the same, and to obtain therefrom all min-
erals or other valuable substances, whether by mining
or working, or by leasing or disposing of privileges to
cultivate, mine, or work such lands as aforesaid, to
Construct and open for use any and all kinds of roads
to and from all portions and bodies of the lands of said
company, to open and construct harbors, docks and
wharves, to have and possess all necessary powers to
colonize the said lands, to erect houses, mills, and man-
ufactories thereon, and to use and work the same, to
hold and possess the means of communicating there-
with, to construct for use or sale, ships, vessels and
steamboats; to establish and carry on Pearl fisheries,
and to dispose of the said lands or any part thereof,
and of the products of all such lands, fisheries, manu-
factories and privileges as may be to the interest of
the said company.

Power to pass
by-laws.

SEC. 2. And be it enacted, That the said company
shall have the power of making and establishing such
by laws as they may deem necessary or expedient to
enable them to carry out the objects of the corpora-

Proviso.

tion, Provided, the same shall not be contrary to the
constitution or laws of this State, and such by laws to
alter, amend or repeal at their pleasure, and they shall
have the power to issue certificates of stock, or bonds
representing the value of said property, in such form
and manner as the by laws may determine.

Election of di-
rectors.

SEC. 3. And be it enacted, That the corporators
named in this act shall elect at their first or any subse-
quent meeting, five of their number to serve as direc-
tors of the company, a majority of whom shall be a
quorum tor the transaction of business, until the time
which the by laws shall prescribe for another election