1840.

LAWS OF MARYLAND.

CHAP. 24.

convey or devise, and to sue and be sued in any court of
law or equity.

CHAPTER 24.

Passed Jan. 19,
1841.

A supplement to an act, entitled an act to incorporate the
Baltimore and Potomac Steam Packet Company passed
at December session eighteen hundred and twenty-eight,
chapter one hundred and eighty-three.

Preamble

WHEREAS, it is suggested that the interests of the stock-
holders in the Baltimore and Potomac Steam Packet com-
pany will be advanced and promoted by winding up the
affairs of said company; and by immediate distribution
amongst the said stockholders, of all its remaining assets,
after the payment and discharge of its debts, contracts and
engagements; but doubts are entertained whether this course
can be pursued with safety, without further legislation —
therefore,

Authorised to
wind up affairs

And divide as-
sets, &. c.

Proviso.

Be it enacted by the General Assembly of Maryland,
That it shall and may be lawful for the directors of the
Baltimore and Potomac Steam Packet company, or their
successors in office, to wind up the affairs of said corpora-
tion, whenever and as soon as they may deem it expedient
to do so; and after payment and discharge of all the debts,
contracts and engagements of said company, incurred or to
be incurred, to divide the remaining assets, pro rata,
amongst the owners of its stock; provided nevertheless, that
this act shall not be deemed or taken to be a part of the
charter of said corporation, unless and until the same shall
be first adopted either at a general annual meeting of the
stockholders of said company, or at a special meeting of
the stockholders, to be called in such manner as the by-laws

of said corporation shall provide.