22

LAWS OF MARYLAND

DEC. SESS.

1814.

concern, and report to the stock holders the state of
their funds. They are also authorised to make such by-
laws and regulations, and the same to repeal at pleasure,
as shall of necessary for the well conducting of the bu-
siness of the company, not inconsistent with the provisions
of this act; and shall generally have authority to exercise
all the powers and privileges conferred on or appertaining
to this corporation.

Sales of real
estate.

6. AND BE IT ENACTED, That sales of the
real estate of the said corporation may he made with the
unanimous consent of the directors, all of whom shall
join in executing and acknowledging according to law,
conveyances of such estates when sold as aforesaid.

Joint stock
shall be an-
swerable for
contracts, &c.

7. AND BE IT ENACTED, That all the property,
estate and joint stock of said corporation, shall be bound
and answerable for any contracts or engagements made,
or liability incurred by the directors thereof or through
their agency or by their authority. But the stockholders
shall in no wise be answerable or liable therefor in their
individual capacities or private estates. And the service
of any writ or judicial process by an authorised officer
upon any director shall be a good service upon the cor-
poration.

Teacher.

8. AND BE IT ENACTED. That it shall be the
duty of the said corporation to provide a competent
teacher to instruct the children employed in their service,
in reading, writing, arithmetic and good morals.

Special meet-
ings.

9. AND BE IT ENACTED, That special meetings
of the stockholders may be called by a majority of the
directors, or by any number of the stockholders, who
shall be owners of three fourths of the stock of the com-
pany.

Dissolution.

10. AND BE IT ENACTED, That this corporation
may be dissolved on the written application of three
fourths of the stockholders in number, who shall also be
bona fide proprietors of three fourths of the whole stock
in amount. And in that event, it shall be the duty of
the directors, then being, to settle up all the concerns of
the company, without unnecessary delay, and to divide
and distribute the whole balance and nett proceeds there-
of among the stockholders, according to their respective

Proviso.

interests; Provided, that no suit then depending for or
against the said corporation shall be thereby abated,
nor any contract then subsisting by or with the said cor-
poration be in any manner thereby altered or impaired.

CHAPTER 24.

Passed Jan.
5, 1815.

May be dis-
charged from
prison.

An act for the relief of Joshua Hicks and Ephraim
Buckingham of Baltimore county.
SEC. 1. BE IT ENACTED by the General Assem-
bly of Maryland, That any justice of the peace for Bal-
timore county, may and is hereby authorised to order