T. WATKINS LIGON, ESQUIRE, GOVERNOR.

97

CHAPTER 83.

AN ACT to incorporate the Baltimore Steam Tow-
ing Company.

Passed Mar.
6, 1856.

SECTION 1. Be it enacted by the General Assembly
of Maryland, That Amasa C. Hall, John M. Bandell
G. W. Russell, Charles W. Jackson, their successors,
associates and assigns, be and they are hereby created
a corporation and body politic, by the name and style
of the Baltimore Steam Towing Company, and by that
name may have perpetual succession, and shall be
able and capable in law to sue and be sued, implead
and be impleaded, answer and be answered in any
court of law or equity, and to make and use a com-
mon seal, and the same to change and alter at pleas-
ure, and establish such by-laws and regulations as
shall be necessary or convenient for conducting the
affairs of the corporation.

Incorporated.

SEC. 2. And be it enacted, That the capital
stock of said company shall consist of five hundred
shares, of one hundred dollars each, and the Presi-
dent and Directors shall have power from time to time
to increase the capital stock to such an amount as may
be found necessary to accomplish the objects of this
corporation; Provided, the same does not exceed one
thousand shares.

Capital stock.

SEC. 3. And be it enacted, That the President and
Directors of the said company shall, and they are
hereby invested with all the rights and powers ne-
cessary for chartering, purchasing, building, con-
structing and repairing boats, propelled by steam or
otherwise, for navigating the Chesapeake Bay and its
tributaries, and for the purposes of towing ships,
steamers, vessels, canal boats, barges, arks, and
rafts; and to hold lands in fee simple or otherwise,
not exceeding one hundred acres at a time, and to
erect thereon all needful or convenient buildings,
wharves, and other conveniences as shall be necessa-

Invested with
rights.

ry for the objects of this company: Provided, that ]
in no case shall the navigation of any river be impe-
ded by the erection of such wharf or other conve-
nience.

Proviso.

SEC. 4. And be it enacted, That the manage-
ment of the business and concerns of said company
shall be vested in five directors, to be elected annu-
ally, and who shall be stockholders, any three of
whom shall be a quorum for the transaction of business

Management.