50

SAMUEL STEVENS, Jr. ESQUIRE, GOVERNOR:

Dec. Ses. 1824

Stockholders
rights.

9. And be it enacted, That the original subscribers in the com-
pany, and their assignees, transferees and legal representatives,
shall be taken and considered to all intents and purposes as mem-
bers of the company, and shall be entitled to receive all the rights
and advantages arising therefrom, in proportion to the stock held
by them; Provided, that no transfer shall be made or deemed valid,
unless it be entered on the books of the company, in such manner
as the president shall prescribe.

Limit of this
act—dissolu-
tion.

10. And be it enacted, That this act shall be, and remain in full
force and virtue until the first day of January, one thousand eight
hundred and fifty, and thence until the end of the next session of
the general assembly thereafter; Provided however, that the con-
curring votes of the holders of at least two thirds of the capital'
stock of the company, shall be deemed sufficient at a general
meeting, to dissolve the same, and finally terminate the object for
which it is incorporated; And provided, that such meeting and its
intention shall be published in one or more newspapers in the city
of Baltimore, and at least three weeks previous to the time of such
meeting.

Closing con-
cerns.

11. And be it enacted, That immediately on the expiration of this
act, or the dissolution of this company, effectual measures shall be
taken by the then president and directors, to close all the concerns
thereof, and for making a final dividend of the capital and profits
remaining among the stockholders in proportion to their respective
interests.

Individual ac-
countability.

12. And be it enacted, That the stockholders for the time being,
shall be accountable in their individual capacity, for all debts of
the company, in the event of insolvency.

Passed Feb.
2, 1825.

Repeal.

CHAPTER 72.
An act to repeal the twelfth and thirteenth sections of an act for the relief of
the poor of Worcester county, passed at December Session, eighteen hun-
dred and twenty one, chapter one hundred and fifty four.
1. Be it enacted by the General Assembly of Maryland, That the
twelfth and thirteenth sections of an act entitled, An act for the
relief of the poor of Worcester county, being supplementary to
the act entitled, An act for the relief of the poor of the several
counties of this state, be, and the same are hereby repealed, so far
as they relate to the selling the poor house lands, and the purchas-
ing of other lands for a poor house in said county, and also so far
as it relates to the levying and collecting money for the purpose
aforesaid.

Acceptance
required.

2. Be it further enacted, That this act shall not take effect or be
in force until the trustees of the poor of Worcester county shall
enter their acceptance of the same on their journals or minutes of
proceedings.

Passed Jan.
17, 1825.

Act confirm-
ed.

CHAPTER 73.
An act to confirm an act, passed at December Session, eighteen hundred and
twenty-three, entitled, "An Act to alter the time of the meeting of the Ge-
neral Assembly of this state, and for other purposes."
Be it enacted by the General Assembly of Maryland, That an
act passed at December Session, eighteen hundred and twenty-