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of the said lotteries respectively, shall be deemed and taken as
relinquished.
7. And be it enacted, That for the speedy completion of said
lottery, the commissioners aforesaid shall have, full power and
authority to appoint agents in different parts of this state for the
sale of tickets in the lottery aforesaid, and the same to be sold in
the city of Baltimore, or elsewhere, freely without restriction,
any usage, law, or by-law, to the contrary notwithstanding.
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Dec. Ses. 1816.
Agents may be
appointed to
sell tickets.
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CHAPTER 260.
An act to Incorporate the Baltimore Improving Company.
Sec. 1. Be it enacted by the General Assembly of Maryland,
That Robert Oliver, Henry Payson, William Lorman, George
Williams, Piter Hoofman, Nathaniel Williams, Dennis A. Smith,
Solomon Etting, Alexander M'Donald, Henry Didier, junior,
James Mosher, and William Gwynn, their associates, successors
and assigns, be and they are hereby created a corporation and
body politic, by the name and style of The Baltimore Improving
Company, and by that name shall have succession during the
continuance of this incorporation, and shall be able and capable
in law to sue and he 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 regulations, not
contrary to law, as shall be necessary or convenient for conduct-
ing the affairs of this corporation.
2. And be it enacted, That the capital stock of the. said com-
pany shall consist of five hundred shares of one thousand dollars
each; and for the purpose of making public, improvements within
the city and precincts of Baltimore, they are hereby empowered
to purchase, hold, and dispose of, personal property and real es-
tate, in fee simple, or otherwise, and in cases of sales of pro-
perty requiring to be acknowledged and recorded, a majority of
the directors shall join in executing and acknowledging, accord-
ing to law, conveyances thereof.
3. And be it enacted, That there shall be a meeting of the
stockholders of the said company on the first day of April in
every year, or within ten days thereafter, for the purpose of
electing five directors to manage all the concerns thereof, who
shall be elected by ballot in person or by proxy; and each share
shall entitle the holder to one vote.
4. And be it enacted, That the board of directors, (three of
whom shall be a quorum) shall appoint one of their number pre-
sident; and they shall fill up all vacancies which may happen in
their body during the year; they are authorised to employ,
compensate and dismiss, at pleasure, all officers, agents and su-
perintendants, which may be needful or beneficial to the compa-
ny; 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 make
purchases and sales of any real estate situate, lying and being,
within the city and precincts of Baltimore, and of personal pro-
perty, and to use therefor the name, or the name and seal of the
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Passed Feb. 5.
Company in-
corporated.
Capital stock.
Five directors
to be elected.
Powers of the
board.
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