THOMAS H. HICKS, ESQUIRE, GOVERNOR.

201

CHAPTER 153.

AN ACT entitled a further supplement to the
act of eighteen hundred and fifty-two, chapter
three hundred and seventeen, entitled " an act
to incorporate the Santa Clara Mining Associ-
ation of Baltimore," and to amend the said act
of incorporation so as to allow the President
and Directors of said Association to assess the
shares of capital stock in said association.

Passed Febru-
ary 18, 1858.

WHEREAS, by the act incorporating the Santa
Clara Mining Association of Baltimore, it is
declared, that the shares of the company shall
not be assessed without the consent of every
member, and it is represented by the memorial
of the President and Directors of said Asso-
ciation, that it is expedient and proper for the
success of their enterprise to raise further sums
of money, for the purposes therein mentioned;
And whereas, power is reserved by the original
charter of said Association to the Legislative
to alter, amend or repeal said act of incorpor-
ation; Therefore,

Preamble.

SECTION 1. Be it enacted by the General Assem-
bly of Maryland, That the charter of the Santa
Clara Mining Association of Baltimore, be altered
and amended, so that the President and Direc-
tors of said Association, be and they are hereby
authorised in their discretion, to lay an assess-
ment on the shares of capital stock in said Asso-
ciation, for the purpose of raising additional
working capital, or to satisfy and discharge any
of their corporate debts and liabilities, other than
their liability for the original working capital

Charter

amended.

of said Association; Provided, the assessment or
assessments under the power herein granted, shall
not exceed two dollars per share.

Proviso.

SEC. 2. Be it further enacted, That the man-
ner of laying such assessment, shall be by reso-
lution of the President and Directors, in which
the day fixed for the payment of such assessment
to the Treasurer, shall be named and declared;
and it shall be a sufficient notice to each and

Manner of lay-
ing assessment.