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

said company shall De deemed insufficient for the
Of this act y shall and may be lawful for the president
and directors Of said company or maioritv ~ ,h,
from time TO time to increase the said capital stocL nv
the addition OF as many shares they may deem neces
sary Tor which they may at their option cause subscri
lions to be received in the prescribed by them r.
may sell the for the benefit Of the for anv
sum not under their par value and that they mac-
ty OF them shall have power to borrow money for the
objects Of this act TO issue certificates other evidence
OF such loans and to pledge the property Of the company
1 Tor the payment Of the same and its Interests f
Sec. TO- And be enacted That the president and di-
recors OF said company shall be and they hereby
vested with all the rights and powers necessary to the
construction and repair Of railroad from Georgetown
In the District Of Columbia, by the most eligible and
tra route through Montgomery county crossing the Bal
timore and Ohio Railroad at point not exceeding FIVE
miles from the Monocacy yiaduc by the line of said rail-
road to the city Of Frederick in Frederick county thence
by the most convenient and practicable route through
Frederick county and Washington county TO
not exceeding sxtysix feet WIDE with rs many sets of
tracks as the said president and directors majority
OF them may deem necessary; and they, majority Of
them may cause TO be made contract with others for
making said railroad any part Of it; and they their
agents. those with whom they may contract for making
any part OF the same or their agents. may enter upon
and use and excavate land which be wanted for
the site OF said road the erection Of warehouses; or
other works necessary to said road any other pur
pose necessary useful in the construction repair Of
said road or its works. and that they may build bridges
may fix scales and weights may lay rails may take and
use any earth, timber, gravel sone or other materials
which may be wanted for the construction repair Of
and construct all works whatsoever which may be neces-
sary and expedient in order to the proper completion of
said road.
Sec. H. And be enacted, That the president and d.
rectors of said company, majority Of them any
person persons authorized by majority of them, may
agree with the owners Of any land earth, tim
ber gravel stone, other materials, any improve
ments which be wanted for the construction repair
Of my of said roads, ofany Of their works. for purchase
or and occupation Of the sae and if they cannot
agree, or if the owner or owners any of them, he
frpAa
county in which the property wanted may ie when such
land or materials shall be wanted, application may be
made to justice Of the peace Of such county who shall
hereupon issue his warrant under hand and SEAL directed
to the sheriff of said county, requiring him
Jury OF twenty inhabitants of said county, related
any wise interested to meet the land to the
other property materials to be valued day named
in said warrant not less than ten than twenty
days after the issuing of the same and if at said time
place any of said jurors summoned do attend the
said sheriff shall Immediately many jurors
may be necessary with the jurors in attendance furnish
panel OF twenty jurors in attendance and from them
each party, its, his, her. their agent if either be
not present in by agent the sheriff for him. her.
IT. or them may strike off four jurors and the remaining
twelve shall act as jury Of inquest of damages and be-
fore they act such the said sheriff shall administer to
each of them oath affirmation, the may be-
that he will justly and mpartally value the damages
which the viii sustain by the
cupation of the same required by the company.
Sec r. And be enacted, That wherever, in the CON-
structon of said road roads, shall be to
ntersect any established road way it shall be
the duty Of the president and directors Of said company
to construct the said road such established road
or way not to impede the passage transportation Of
persons property along the same where it shall be
necessary to pass through the lands of any individual it
shall also be their duty to provide for such individual
proper wagon ways said road roads from
part of his land to the other.
Sec b. And be it enacted That the said president and
directors majority Of them shall have power to pur
chase with the funds Of said company and place
railroad constructed by them under this act all machines
wagons vehicles, carriages of any description whaso
ever which they deem necessary proper for the
purposes Of transportation said road and they shah
have power charge for tolls upon and the transportation
of persons, goods produce merchandise property Of
any kind whatsoever transported by them along said rail-
way, any not exceeding the following rates. viz
all goods produce merchandise or property OF any de-
scrpon whatsoever transported by Them cent ton
per mile for TOLL and three cents per mile for trans
poraton and for the transportation Of passengers not
exceeding three cents per mile for each passenger audit
shall not be lawful for any other company
or persons to travel upon OF the
roads OF said company to transport persons merchan-
Disc produce property Of any description whatsoever
along said roads, any of Them without the license
permission Of the president and directors Of said compa
ny and that the said road roads, with all their works,
improvements, and profits and all machinery Of trans
portanon used said road hereby vested in the
said company incorporated by this act and their
forever and the shares Of the capital stock the said
company shall be deemed and considered personal estate
Sec. IA And be enacted That the president and di
rectors shall annually, semi-annually declare and
make such dividends they may deem proper of the nett
pronts arising the OF
deducng the necessary current and probable contingent
expenses; and that they shall divide the amongst
the propreors Of the stock of said company in proper
proportion to their respective shares Provided horeo,
That dividend of the earnings OF said road shall be
paid to the stockholders until after the entire line of said
railroad shall have been completed from Georgetown in
the District of Columbia, to Frederick city, and from
Frederick city to Hagerstown in Washington county; but
the shall be used and applied by the president and
directors the construction and completion of said road
MS aforesaid to Hagersown and in lieu thereof certif
Gates of the capital stock Of said company shall be issued
the stockholders according to the amount Of their diy
dends respectively.
Sec 10 And Je enacted That full right and privilege
is hereby reserved the citizens of this State any
of this State TO connect with the road hereby provided
for Propd, That in forming such connection injury
shall be done to the works Of the company hereby Rcor
porated.
Sec 16 And be enacted That the president and d.
Of said company shall have power to issue bonds
certificates OF indebtedness under the seal of said
pany, in such sums of denomination not les.
than hundred dollars, said company may prefer,
and to sell and dispose Of the same upon such terms to-
said company may proper, and to pledge the pro-
pery and profits of said company TO the payment
thereof and also with power to convert the bonds is
sued into capital stock Of said company upon such terms
may be agreed upon between the holder holders Of
said bonds and said president and directors Provided
That said company shall be authorized to issue any
certificate NOTE scrip or other devices to be used as
Sec. IL And be enacted That the President and Dr.
rectors of said company shall have full power and autho
rty to connect the railroad which may be constructed
under the provisions Of this with any other railroad
existing which may hereafter be constructed and
also to make such contracts and arrangements with the
President and Directors Of such railroad for the through
NJ and all