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Sec. 1. Be it enacted by the General Assembly of Maryland, That
Richard Caton, John Gibson, and others, constituting the said as-
sociation, their heirs, successors and assigns, be, and they are here-
by declared a body corporate and politic, by the name of The Cape
Sable Company, and by that name to have succession until the said
company shall be dissolved, by a resolve of three-fourths of the share
holders, holding three-fourths of the whole stock of the said com-
pany; and the company, and their successors, by the name and title
of Cape Sable Company, may sue and be sued, answer and be an-
swered, defend and be defended, in any court of law or equity in
this state or elsewhere; they shall have a common seat, and the
same may break, alter or change, at their pleasure, they may erect
a manufactory or manufactories for the making of allum, and cop-
peras, or any other article or articles, and may raise and sell coal,
and any other mineral or fossil; and may sell and dispose of their
property, and may mortgage the whole, or any part thereof, with
the consent of three-fourths of the stockholders holding three-fourths
of the shares, for the securing of any loan or debt, and may use
and occupy the same as fully and absolutely as any individual
might or could do, if holding and enjoying the same; they may
make such by laws, ordinances and regulations, us they please, not
contrary to this act, or to the laws of this state or of the United
States; and may do and execute any matter or thing necessary in
the prosecution of their business, by the name of The Cape Sable-
Company, that any individual might or could do under the laws of
this state, and to do which they are authorised in virtue of this act;
Provided always, that the said company shall engage in no other
manufacture except that of allum and copperas without the con-
sent in writing of three-fourths of the stockholders holding three-
fourths of the shares.
2. And be it enacted, That the affairs of the said company shall
be managed by a president, two directors, and an agent, under the
regulations and by-laws of the company; and the election of the
said president, directors and agent, shall be made at a meeting of
the stockholders on the first Monday in April of each and every
year, in the city of Baltimore, of which two weeks public notice
shall be given in two daily papers published in the city; and it shall
be the duty of the agent to give such notice, and if in failure there-
of, or from any other cause, no meeting of the stockholders shall
take place, any individual stockholder may, on giving two weeks
notice in two daily papers of the city of Baltimore, call such meet-
ing, and carry into effect the nomination and appointment of a pre-
sident, two directors, and an agent, as aforesaid; and until such
new appointment shall fake place, the president, directors, and
agent, last elected, shall be and continue to act as such; and in case
of the death, resignation, absence, incapability, incompetency or
misconduct of a president, director or agent, a successor for the
unexpired part of the year may at any time be appointed by the
stockholders, on two weeks notice being given by the agent of the
company, or by any stockholder, in any two daily papers published
in the city of Baltimore.
3. And be it enacted, That any stockholder of one share, or more,
may vote by himself, or by his attorney or proxy, under his hand
and seal, and agreeably to the by-laws of the company, that may
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CHAP. 195.
Person incorpo-
rated.
Proviso.
Affairs of compa-
ny to be managed
by a president,
two directors and
one agent—how
to be elected.
Votes.
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