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LAWS OF MARYLAND.

Cowles, Samuel S. Williams, and such other per-
sons 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 Hazlewood Coal Company, and
by that name shall have succession and be able
and capable to sue and be sued, to plead and be
impleaded 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, facilities, franchises and
rights necessary and proper for the carrying on
the mining of coal and iron, for erecting and car-
rying on furnaces, mills and manufactories and
the beneficial management of its property, and for
the transportation of coal and other proceeds, is-
sues and products of its mines, mills, manufacto-
ries and property to market, and shall have pow-
er and authority to purchase, lease and hold any
property real, personal and mixed which may be
deemed by said company necessary for its purposes;

Proviso.

Provided however, that said company shall not at
any time actually hold, as owners thereof, more
than one thousand acres of land.

Capital stock.

SEC. 2. And be it enacted, That the capital stock
of said company shall bo one hundred thousand
dollars, divided in shares of the par value of one
hundred dollars each, with the privilege of in-
creasing said capital stock to two hundred thou-
sand dollars.

Books to be
opened.

SEC. 8. And be it enacted, That for the pur-
pose of obtaining subscriptions to the capital
stock of said company, books shall be opened,
under the direction of the said Henry V. King,
William Cowles and Samuel S. Williams,, or a
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 subscrip-
tion obtained or received as aforesaid, in lands 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
persons under whose direction the said books may
be opened, and in case of subscriptions received by
the President and Directors between the respective
subscribers and the said President and Directors.