T. WATKINS LIGON, ESQUIRE, GOVERNOR.

517

CHAPTER 334.

AN ACT to incorporate the Maryland Iron and Bolt
Manufactory.

Passed Mar.
10, 1856.

SECTION 1. Be it enacted by the General Assem-
bly of Maryland, That William G. Harrison, William
A. Hack, Isaac R. Trimble, William Adreon, James
F. Heyward, William G. Thomas, David C. Trim-
ble, William Huston, or any number of them, and
their associates, successors and assigns, be and are
hereby created a corporation and body politic, by the
name and style of the Maryland Iron and Bolt Man-
ufactory, and by that name may have perpetual suc-
cession, and shall be able and capable in law to sue
and be sued, plead and be impleaded, answer and be
answered, in any court of law or equity, and to make
and use a common seal, and to alter the same at
pleasure, and to ordain and establish such by-laws
and regulations as shall be necessary or convenient
for conducting the affairs of the corporation, not re-
pugnant to the laws of this State or of the United
States, and to enjoy all the franchises incident to a
corporation.

Incorporated.

SEC. 2. And be it enacted, That the objects of
said corporation are declared to be the introduction
into use of valuable inventions and improvements in
joint fastenings, and other fixtures for railways, and
for the manufacture of bolts, nuts, chains, rods,
switches and other railroad fixtures, and to purchase,
hold, and sell land, in fee simple or otherwise, neces-
sary to conduct the business, and to erect thereon
all needful and convenient buildings and machinery.

Object of in-
corporation.

SEC. 3. And be it enacted, That the capital stock
of said corporation shall not be less than one hun-
dred nor more than five hundred thousand dollars, in
shares of one hundred dollars each, and that the said
corporation is hereby authorised to commence ope-
rations on the subscription and payment of twenty
thousand dollars.

Capital stock.

SEC. 4. And be it enacted, That for the manage-
ment of the affairs of the company, the stockhold-
ers shall elect not less than five directors, one of
whom they shall elect to serve as President, all of
whom shall remain in office for one year, or until
successors shall be elected; a majority of the direc-
tors shall constitute a board; that a majority of stock-
holders in amount shall call a meeting upon advi-

Management.