142

LAWS OF MARYLAND.

Dec. Ses. 1821.

Objects—capi-
tal.

gulations as shall be necessary or convenient for conducting the
affairs of the corporation, and not repugnant to law.
2. And be it enacted, That the objects of the said corpora-
tion are declared to be the manufacturing and vending of cotton
goods, and the carrying on of any other branches of manufacture
in their discretion; for which purposes they are hereby authorised
to purchase and hold lands in fee simple or otherwise, not exceed-
ing three hundred acres at a time, and to erect thereon all needful
or convenient buildings. The capital stock of said corporation shall
be one hundred and fifty thousand dollars, divided into fifteen hun-
dred shares of one hundred dollars each.

May employ
officers and a-
gents—powers.

3. And be it enacted, That the stock-holders (the propri-
etors of two thirds of the stock in value and amount, being a quo-
rum) shall be authorised to employ, compensate and dismiss at
pleasure, all officers and agents which may be thought needful or
beneficial to the company. They shall establish regulations for
the transfer of the stock thereof, and for proof of the ownership
therein. They shall have power in behalf of the company, to enter
into contracts; to borrow money; to make purchases and sales of
real and personal property, and to use therefor the name, or the
name and seal of the corporation; and they shall generally have
authority to exercise all the powers and privileges conferred on, or
appertaining to this corporation.

Property to be
answerable for
debts.

Proviso.

4. And be it enacted, That all the property, estate and joint
stock of the corporation shall be bound and answerable for any
contracts or engagements made or liability incurred by a quorum
of the stock-holders, or through their agency, or by their authority;
but the stock-holders shall in no wise be answerable or liable there-
for, in their individual capacities or private estates; and a quorum
of the stock-holders may at any time dissolve the corporation; Pro-
vided, That all contracts with and suits by or against the same
shall not be impaired or affected by such dissolution.

Passed Feb. 22,
1822.
May import
slave.

CHAPTER 202.

An act for the benefit of William Harness, of Allegany county.
Be it enacted By the General Assembly of Maryland, That
at any time after the passage of this act, William Harness, of Alle-
gany county, in said state, be and he is hereby authorised to bring
into this state, and him to retain as a slave, a certain negro boy

Proviso.

named Sampson, any law to the contrary notwithstanding; Provided
nevertheless, That nothing in this act contained, shall be construed
to authorise a disposition of said slave, except in cases of dispo-
sition by last will and testament, and dispositions by law for bona
fide debts, or consequent upon intestacy, in less than three whole
years after the passage of this act; And provided moreover, That the
said William Harness shall cause the said negro boy to be register-
ed in the records of Allegany county, within six months after he
shall have been brought into this state.

Passed Feb. 22,
1822.

CHAPTER 203.

A further supplement to an act entitled, An act for the appointment
of commissioners for the regulation and improvement of Cambridge
in Dorchester county, and to establish and regulate a market in
said town.

Election of

commissioners.

Sec. 1. Be it enacted By the General Assembly of Maryland,