1840.

LAWS OF MARYLAND.

CHAP. 229.

Proviso.

legally appointed under the insolvent laws of this State, be
and they are hereby declared to be valid and effectual in
law, notwithstanding said trustees shall have given bonds
for the performance of their trusts, without surety or sure-
ties, and shall have the same validity as if the sale or sales
for which the said deeds were executed had been made by
a duly qualified trustee; provided, nevertheless, that the sales
of property for which said deeds were so made and exe-
cuted, shall have been ratified and confirmed by any court
in this State having competent jurisdiction.

CHAPTER 229.

Passed Mar. 9,
1841.

Preamble.

An act to incorporate the Potomac Coal and Iron Company.

WHEREAS, it is represented to this General Assembly,
that John Hoye of Allegany County, is the owner of a
large body of land, lying on George's Creek, about equidis-
tant from the towns of Frostburg, and Western Port, in Al-
legany County, containing extensive beds of coal and iron
ore; and that the trade and the business of the great works
on internal improvements of the State, will be greatly pro-
moted by the opening and working and transportation of
said minerals to market — Therefore,

Individuals in-
corporated.

Name.

Legal capacity.

May hold pro-
perty.

Limit.

Make by-laws.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That John Hoye and such other persons as may
be associated with him hereafter, in manner herein provided,
shall be and they are hereby incorporated and made a body
politic and corporate, by the name of the Potomac Coal
and Iron Company, and by that name shall have succession,
and be able and capable to sue and be sued, to plead and
be impleaded, in any court of law and equity; and may have
and use a common seal, and the same to alter and renew, at
pleasure; and the said company shall have all the powers,
privileges and rights, necessary for carrying on the manu-
facture of iron, and the mining of coal and for transport-
ing to market the proceeds of their mines, lands and manu-
factories, and shall also have power to purchase and hold
all such property, real, personal and mixed, as they may
require for the purposes aforesaid; provided, that the said
company shall at no time hold or possess more than five
thousand acres of land; and said company shall have
power for the purposes aforesaid, to make such by-laws,