T. WATKINS LIGON, ESQUIRE, GOVERNOR.

545

CHAPTER 351.

AN ACT to incorporate the Woodmount Coal and
Iron Company.

Passed Mar.
10, 1856

SECTION 1. Be it enacted by the General Assembly
of Maryland, That Charles B. Thurston, John M.
Kerr, James M. Schley, and such other persons as
may become associated with them, in the manner
hereinafter provided, shall be and they are hereby
constituted a body politic and corporate, by the name
of the Woodmount Coal and Iron company, and by
that name shall have succession, and may be able
and capable to sue and be sued, to plead and be im-
pleaded, in any court whatever, and may have and
use a common seal, and may alter and renew the same
at pleasure, and the said body corporate shall have
all the powers, (acuities, franchises and rights ne-
cessary and proper for the carrying on the mining of
coal and iron, and for erecting and carrying on fur-
naces, mills, and manufactories, and the beneficial
management of its property, and for the transporta-
tion of coal and other proceeds, issues and products
of its mines, mills, manufactories and property to
market, and shall have power and authority to pur-
chase, lease and hold any property, real, personal
and mixed, which may be deemed by said company

Incorporated.

necessary for its purposes; Provided, however, that
said company shall not at any time actually hold
as owners thereof more than three thousand acres
of land.

Proviso.

SEC. 2. And be it enacted, That the capital
of said company shall be two hundred and fifty thou-
sand dollars, divided into shares of the value of
one hundred dollars each.

Capital stock.

SEC. 3. And be it enacted, That for the purpose
of obtaining subscriptions to the capital stock of said
Company, books shall be opened under the direction
of the said Charles B. Thruston, John Kerr, and
James M. Schley, or the majority of them, at such
time or times, at such place or places, as the persons
who may act in that behalf shall deem expedient,
and payment may be made of the whole or any part
of the subscription obtained or received as aforesaid,
in land or other property, or money, as may be agreed
on, in case of subscriptions obtained whilst the books
are open, between the respective subscribers and the

Books to be
opened.