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Dec. Ses. 1816
Joint stock to
be answerable
for contracts.
Special Meet-
ings.
Corporation
may be dissol-
ved, &c.
Proviso.
Continuance.
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company; they may call for payments by instalments of the
capital stork, and shall from time to time declare dividends
of the profits of the concern, and report to the stockholders
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 be necessary or convenient for the well connecting of the
business 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 cor-
poration.
5. And be it enacted, That all the property, estate and joint
stock, of the said company, 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 there-
for in their individual capacities or private estates: and the ser-
vice of any writ or judicial process, by any officer duly authorised,
upon any director, shall be good service upon the company .
6. 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 two thirds of the
stock of the company, and when so called and assembled, a ma-
jority present shall be a quorum.
7. And be it enacted, That this corporation may be dissolved
on the written application to the directors of two thirds of the
stockholders in number, who shall also be bona fide proprietors
of two thirds 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 tins company without unnecessary delay, and to di-
vide and distribute the property on hand, or net balance thereof,
among the stockholders, according to their respective interests ;
Provided, that no suit then depending for or against the said com-
pany shall be thereby abated, nor any contract then subsisting
by or with the same, be in any manner thereby altered or im-
paired.
8. And be it enacted, That this act shall continue and be in force
until the first day of January which shall he in the year eighteen
hundred and thirty-two, and to the end of the next general assem-
bly which shall happen thereafter.
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Passed Feb. 5.
County courts
to charge
grand juries
on subject of
opening roads,
&c.
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CHAPTER 261.
An act to empower and authorise the several County
Courts of this State to direct the Opening, Straighten-
ing, or Shutting Up, of Public Roads.
Sec. 1. Be it enacted by the General Assembly of Maryland, That,
it shall and may be lawful for the several county courts of this
state, upon petition to them by any person or persons interested
in opening, straightening, or shutting up a public road, in such
county, to charge the grand jury true presentment to make, if
the public convenience requires such road to be opened, straight-
ened, or shut tip, and if the grand jury should be of opinion that
such road ought to be opened, straightened or shut up, that then
the said grand jury shall in open court make inquisition thereof,
under their hands and seals, stating from whence and to what
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