SAMUEL STEVENS, Jr. ESQUIRE, GOVERNOR.
Dec Ses. 1822
perty, and be assignable and transferable under such regulations as
shall be provided by the said by-laws.
3. And be it enacted, That the affairs of the said company shall be
conducted and managed by a president and three directors to be ap-
pointed in such manner as the by-laws of the company shall direct,
who shall be authorised to employ, compensate and dismiss at plea-
sure all officers and agents as they may deem needful or beneficial
to the company, they shall also have power in behalf of the company
to borrow money, to make purchases and sale of real or personal
property, and to use therefor the name and seal of the corporation,
and generally have authority to exercise all the powers and privi-
leges conferred on or appertaining to this corporation.
4. And be it enacted, That as soon as the said Jonathan Ellicott, Elias
Ellicott, Geo. Ellicott, Benj. Ellicott, Thos. Ellicott, and Charles T.
Ellicott, by his guardian Thos. Ellicott and the executors of Andrew
Ellicott & the guardians of his children, shall make out and execute a
deed of conveyance to the Avalon Company for all lands, buildings, im-
provements, rights and privileges now owned by them jointly, ly-
ing on and contigious to the Patapsco river or falls, and cause the
said deed to be recorded in both Baltimore and Anne Arundel
counties, this act shall be in effect, and the said corporation formed
and in existence; and the said Jonathan Ellicott, Elias Ellicott,
George Ellicott, Benjamin Ellicott, Thomas Ellicott, and Charles
T. Ellicott, thereupon be entitled to one hundred and forty shares
each, and the children of the said Andrew Ellicott to one hundred
and forty shares in the capital stock of the said corporation.
5. 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 the said president
and directors, or through their agency, or by their authority, but
the stockholders shall not be answerable or liable therefor, in their
individual capacities or private estates, except for the amount of the
funds respectively advanced by them to said company; and the ow-
ners of a majority in value of the stock in said company, may at
any time dissolve the said corporation, Provided that all contracts
with, and suits by or against the same, shall not be impaired or effec-
ted by such dissolution; And Provided also, that nothing herein con-
tained shall be construed to authorise the guardians or executors
named in this act to make a conveyance under the provisions of this
act, unless on a petition to the orphans court of Baltimore county, the
said court shall be of opinion that it will be for the advantage of the
minors concerned, that such conveyance should be made.
6. And be it enacted, That nothing herein contained shall be con-
strued to prohibit a repeal of this act at any time after the lapse of
An, act for the relief of George Gingell, of Montgomery county.
Be it enacted by the Central Assembly of Maryland, That the jus-
tices of the levy court of Montgomery county, shall, and they are
hereby authorised and directed, if they shall deem it right and pro-
per, annually to levy on the assessable property of said county, so
long as they shall see cause, for the support and maintenance of
George Gingell of said county, a sum of money not exceeding thirty
dollars, and the same when collected, shall be paid by the collector
of said county to the said George Gingell or his order, for the pur-