158

LAWS OF MARYLAND.

ordain and establish such by-laws, rules and re-
gulations as shall appear necessary and proper
tor conducting the business of said corporation,
and that shall not be contrary to law, and the
same may change, alter or amend as shall appear
proper, and may adopt, use, and at pleasure
change a common seal.

Object of in-
corporation.

SEC. 2. And he it enacted, That the object and
design of this corporation shall be the establish-
ment and maintenance of a Seminary of learning
for the instruction of females (and such small
male children as the trustees may deem suitable
and proper,) in such branches of education as
may by the trustees be deemed proper, and for
that purpose, it shall and may be lawful for said
corporation to purchase, lease or acquire by gift,
real estate and buildings, and to build or cause to
be erected sufficient and suitable buildings, to
purchase and procure the proper furniture, books
and apparatus, to employ suitable Professors,
Teachers, Agents and Servants, confer degrees,
and generally do any act or thing necessary or
proper to carry into effect or promote the lawful
design and object of this corporation.

Trustees to be
elected.

SEC. 3. And be it enacted, That on the first day
of April next, or as soon thereafter as may be ex-
pedient, there shall be an election for five persons
who shall constitute a board of trustees, to be
called "the Trustees of the Chester Female Se-
minary," and that they shall hold their offices
until their successors shall be appointed and enter
upon their duties, and that an annual election of
trustees be held between the first day of May, and
first day of September, in each year, or as near
those periods as may be practicable, the second
election to be held in the year eighteen hundred
and fifty-nine, the Principal of the School, or one
of the Teachers, or a member of the Board of
Trustees may be elected Treasurer or Secretary.

Books to be
opened.

SEC. 4. And be it enacted, That the stock of
said Company shall not exceed ten thousand dol-
lars, and that the first board of trustees to bo
elected, may open books for subscription of stock,
at any time they may deem expedient, and may
prescribe the number of shares to be taken, the
price of each share, and the mode, manner and
period of payment, and which may be extended