1428 LAWS OF MARYLAND.

SEC. 2. And be it enacted, That the said corporation funder
the above name shall be capable in law of purchasing, hold-
ing, possessing, selling and conveying property, real, personal
and mixed, for the purposes hereinafter mentioned, and by said
corporate name may sue and be sued, and may make, have and
use a common seal, and shall have and enjoy and may exercise
all the powers, rights and privileges, acts, matters and things
incident and necessary to the purpose of said corporation as
created by this Act.

SEC. 3. And be it enacted, That the capital stock of said
company shall be one hundred thousand ($100,000) dollars,
with privilege to increase the same to two hundred thousand
($200,000.00) dollars, when specially authorized by a two-
thirds vote of the stockholders called for the purpose of con-
sidering an increase of said capital stock, and said capital
stock and the increase thereof shall be divided into shares of
fifty ($50.00) dollars each, which shall be collected by the
president and directors of said corporation in such instalments
and at such times and places as they may appoint and require,
and if any subscriber to said stock shall neglect or fail to
pay any instalments or parts of their subscription thus de-
manded for a space of fifteen days next after the time the
same shall be due and payable, the stock on which it is de-
manded shall at the pleasure of said president and directors
be forfeited to the company and sold for its benefit, but the
said president and directors may in their discretion remit
such forfeiture, or recover in the name of the company such
instalments by suit or action at law or in any other way, and
upon such terms as they may deem proper, and should the
capital stock at any time be increased, the stockholders at the
time of such increase shall be entitled to a pro rata share of
such increase, upon paying the price therefor determined
upon at such stockholders' meeting at which said stock shall
be sold.

SEC. 4. And be it enacted, That Charles J. Harrison, Ernest
O. Koozer, Patrick E. Finzel, Thomas J. Johnson, William A.
Morgart, Roderick Clary and Harry A. Col born, be and they
are hereby constituted and appointed directors of said corpora-
tion, and they shall have power at any time after the passage
of this Act to organize by the election of a president, a vice-
president, a secretary and a treasurer, and such other officers
as in their judgment they may deem necessary for the proper
management of the affairs of said corporation, and the said
directors when the said company shall have been organized
may and they are hereby authorized and empowered to have
and exercise in the name and on behalf of said company all the