612

LAWS OF MARYLAND.

office until the next annual election and until their
successors are appointed; any two of the commis-
sioners shall be judges of such election; imme-
diately after the election the commissioners shall
deliver and pay over to the directors the subscrip-
tion book or books, certified by two of the commis-
sioners, and the money received from the subscri-
bers to the stock either previous to or after the
passage of this act.

lncorporated.

SEC. 2. And be it enacted, That when forty
shares of the capital stock shall be subscribed as
aforesaid, the subscribers, as holders of said stock,
their successors or assigns, shall be and they are
hereby incorporated by the name of the Leiters-
burg Town Hall Company, and by that name
shall be capable in law to sue and be sued, plead
and be impleaded, answer and be answered in any
court of equity, and to make and use a common seal
and the same to change and alter at pleasure, and
ordain and establish such by-laws and regulations
as shall be necessary or convenient for conducting
the affairs of the corporation not repugnant to law,
and by the same name they shall have perpetual
succession.

Object of in-
corporation.

SEC. 3. And be it enacted, That the object
of said corporation is hereby declared to be the
building of a house suitable for public purposes,
for which purpose they are hereby authorised to
buy and hold real and personal estate, erect there-
on the necessary buildings and furnish the same,
and they are hereby vested with all such powers,
rights and privileges as may be necessary for the
purpose of the corporation as herein declared, and
the said corporation may rent out the said house
from time to time, and whenever it may appear to
the directors most judicious to do so.

Directors to
eIected.

SEC. 4. And be it enacted, That there shall be
an election of directors annually, at such time as
such time as the by-laws shall direct, and a meet-
ing for said purpose may be called by the Presi-
dent or any three of the stockholders, giving ten
days notice at two or more public places in said
town; all meetings shall be held in Leitersburg,
and every share shall be entitled to four votes; the
stockholders shall elect a president and other of-
ficers necessary; the directors may frame such by-
laws, and do such other acts as the said corpora-