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Session Laws, 1822
Volume 627, Page 125   View pdf image
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LAWS OF MARYLAND

125

CHAPTER 201.

An act to incorporate the Maryland Manufacturing Company.
Section 1. He it emitted by the General Assembly of Maryland,
That Lyde Goodwin and Charles G. Ridgely, their associates, suc-
cessors and assigns, be and they are hereby created a corporation and
body politic, by the name and style of the "Maryland Manufacturing
company, " and by that name may have perpetual succession, and
shall be able and capable in law to sue and be sued, implead and be
impleaded, answer and be answered, in any court of law or equity,
and to make and use a common seal, and the same to change and alter
at pleasure, and to ordain and establish such by-laws and regula-
tions as shall be necessary or convenient tor conducting the affairs
of this corporation, and not repugnant to law.

Dec. Ses. 1822.

Passed Feb.
18, 1823.
Incorpora-
tion.

2. And be it enacted, That the objects of the said corporation are
declared to be the manufacturing and vending of cotton goods, and
the carrying on any other branches of manufacture in their dis-
cretion for which purposes they are hereby authorised to purchase,
rent and lease lands nut exceeding three hundred acres at a time, and
to erect thereon all needful and convenient buildings.

Objects; pro-
perty.

3. And be it enacted, That the capital stock of said corporation,
shall be sixty thousand dollars, divided into six hundred shares of
one hundred dollars each, and may be subscribed for at any time after
the passage of this act.

Capital.

4. And be it enacted, That the stockholders (the proprietors of
two-thirds of the stock in value and amount, being a quorum) shall
be authorised to employ, compensate and dismiss at pleasure, all offi-
cers and agents who may be thought needful or beneficial to the com-
pany; they shall establish regulations for the transfer of the stock
thereof, and for proof of the ownership therein; they shall have pow-
er, 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 or the corporation, and they
shall generally have authority to exercise all the powers and privi-
leges conferred on or appertaining to this corporation.

Powers.

j. And be it enacted, That the stockholders of the said company
shall be liable for the debts of the said corporation, in their individu-
al capacity, to the amount of stock by them originally subscribed, or
held over and above the original capital.

Responsibili-
ty-

6. And be it enacted, That nothing herein contained shall be con-
strued to deprive this legislature of the power of hereafter, after the
lapse of twenty years, repealing, altering, or amending the provisions
of this act.

Power re-
served.

CHAPTER 202.

An act to authorise the establishment of an additional warehouse in
the city of Baltimore, for the inspection of tobacco.
Section 1. Be it enacted by the General Assembly of Maryland, That
William Patterson of the city of Baltimore, be, and he is hereby au-
thorised to erect or prepare at his expense a warehouse, between
Patterson and Commerce streets in the city of Baltimore, for con-
taining and securing tobacco offered for inspection, if in the judg-
ment of the levy court of Baltimore county, such warehouse would
promote the public interest and convenience, and he or those hold-
ing under him, shall provide and keep constantly in repair, at his or
their own expense, sufficient beams, screws, scales, weights, brands
and marking irons, and all other things necessary for inspecting to-

Passed Feb
20, 1823.

Authority
granted.



 
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Session Laws, 1822
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