Weekly national intelligencer. [volume] (Washington [D.C.]) 1841-1869, 1853-05-21
THE METROPOLITAN RAILROAD.

II
J We insert below copies of the act Of Congress
and the act Of the Legislature Of Maryland incor-
porating the Metropolitan Railroad Company. These
acts will possess interest for readers in other parts
of the country besides those Of Maryland and the
District The commissioners named in the Mary
land act held their first meeting in Georgetown on
Wednesday last. Their proceedings will be found
in another part of this paper.
AN ACT to incorporate the Georgetown and Catoctin
Railroad Company.
BE enacted By the Senate and House Of Representatives
Of The United States Of america Congress assembled, That
whenever the STATE of Maryland shall by law incorporate
company to lay out and construct railroad from any
point in connection with the Baltimore and Ohio railroad
ut or the Point of Rocks to Georgetown in the Dis
ct Of Columbia the right of way, not exceeding sixty
feet wde be and is hereby granted to such company
r0pde That before any such road depots and its ne
cessary fixtures shall be located in Georgetown the assent
of said city shall first be obtained And provided aiso
That the same provisions for the condemnation OF and
payment land other private property for the
the said road may be made by act for the in
corporation Of such company by the State Of Maryland
shalt be and hereby extended to the condemnation OF
and payment for land other private property for the
OF the said road within the District OF Columbia.
| Approved, March 3, 1858.
An Act to incorporate the Metropolitan Railroad Company
Sec l. BE enacted By the General assembly Of Mary
land That John W. Maury William w. Corcoran, VIM.
w. Seaton, David English Francis Dodge, Ferdinand
Rsque, Of the District Of Columbia Charles e. Trail,
Jacob NJ Kunke and Meredith Davis of Frederick coun-
ty Robert Dade William Lingan Gather, Francis c.
Chopper Of Montgomery county Daniel Weisel, James
Wason and Elias Davis of Washington county be and are
hereby appointed commissioners under the direction OF
majority Of whom subscriptions may be received to the
capital stock of the Metropolitan Railroad Company here
by Incorporated; and they, majority OF them may
books be opened at such times and places they
may direct for the purpose of receiving subscriptions to
the capital stock of said company, to which any person.
corporation association ofndivduals may subscribe
giving such notice of the times and places OF open
ing the they may deem proper; and that upon
the first opening Of said books they shall be kept open
for at least ten successive days, from ~ o'clock A. Nj
until o'clock p. M. and it, at the expiration Of that
PERIOD such subscription to the capital stock OF SAID
company necessary its incorporation shall not
have been obtained the said commissioners or majority
of them may the said books to be opened from time
time after the expiration of the said ten days. for the
space of twelve months thereafter until the sum neces
sary the incorporation of the company shall be sub
scribed if subscribed and any of the said COM
mssoners shall die, resign or refuse to act during the
continuance of the duties devoved them by this act
another may be appointed in his stead by the remaining
| commissioners, or majority OF them.
Sec g Aad be enacted That the capital stock of said
Metropolitan Railroad Company shall be two millions
doRars in shares of fifty dollars each and as ten
thousand shares of the said capital stock shall be SUBJ
scrbed the subscribers of said stock their and
assigns shall be and they hereby declared to be incor
porated into company by the name OF the Metropolitan
Railroad Company and by that name shall be capable IN
law of purchasing, holding selling, leasing and convey
ing estates, real personal and mixed SO far as shall be
necessary for the purposes hereinafter mentioned ana
further and shall have perpetual succession and by said
corporate may and be sued and have and
SEAL which they shall have power to alter and
renew at their pleasure, and shall have enjoy and maj
all the powers rights and privileges which Other
corporate bodies may lawfully do for the purposes meg
toned in this act
Sec g. And be ii enacted, That upon every such sub
scrpon there shall be paid at the time of subscribngto
the said commissioners to their agents appointed TO
receive such subscriptions the of FIVE dollars on every
subscribed and the residue thereof shall be paidn
such nstalments and at such times it may be required
by the president and directors of said company ProUf
That than one-third of the subscription be de-
manded in any year from the commencement OF the
work any payment demanded until at least sixty
days public notice of such demand shall have been gwen
by the said president and directors by adyersementpub
lshed week for three successive weeks in some
newspaper or newspapers printed in Washington CITY,
Rockville, Frederick, and Hagerstown; and If any sub
scrber shall fail neglect pay any instament or part
of said subscription thus demanded for the space Of sixty
next after the time the same shall be and pay
able the stock which it is demanded shall be forfeited
to the company and may be sold by the said president
and directors for the benefit of the company but the
sident and directors may remit any such forfeiture
such terms they shall deem proper.
Sec A. And be enacted That ut the expiration OF the
days for which the books first opened if ten thou
sand shares Of said capital stock SHALL have been subscrb
ed If not soon thereafter as the same shall be sub
scrbed il within year after the first opening of the
books, the said commissioners, majority Of them
shall call general meeting Of subscribers at such time
twenty days public notice thereof and at such meeting
the said commissioners shall lay the subscription books
before the subscribers then and there present. and there
upon the said subscribers majority Of them, shall
elect twelve directors by ballot to manage the affairs Of
said company for the term Of year. and until others
shall be appointed in their place. and these twelve drec
tors majority Of thcm shall have the power Of elect
ing president Of said company, either from amongst the
directors Others to for the term Of one year and
until another shall be appointed in his place. and the
president and directors respectively shall be allowed such
compensation for their services the stockholders in
general meeting assembled shall prescribe; and all
occasions wherein Of the stockholders OF said
pany is to be taken each stakeholder shall be allowed
vote for every share owned by it, him, her and
stakeholder may depute any other person to vote and act
for it. him. her. it's his or her proxy and the com
mssioners aforesaid, any three Of them shall
be judges Of the said first election Of directors.
Sec g. And be enacted That general meeting of the
stockholders of said company shall be held annually At
such time and place the stockholders shall appoint
They may be called at any time and to meet at any
venien place during the interval between said annual
meetings by the president and directors majority Of
them, by the stockholders owning ut least onefourh
Of the whole stock subscribed upon giving thirty days
public notice Of the time and place Of holding the same,
by advertisement published week for three sue
cessive weeks in newspaper newspapers published
in Washington city, Rockville Frederick, and Hagers-
town; and when any such meetings are called by the
stockholders such notice shall specify the particular OBJ
ec Of the call and If at any such called meetings ma
orty lin vaue Of the stockholders Of said company are
not present in person. by proxy such meetings shall
be adjourned from day to day without transactng any
business for any time not exceeding three days. and
within said three days stockholders having majority
lin value Of the stock subscribed do not thus attend,
such meeting shall be dissolved.
Sec That the regular annual meet
ngs Of the stockholders Of said company II shall be the
utv ~ thS dtrecto