The Baltimore County union. [volume] (Towsontown, Md.) 1865-1909, 1866-05-05
CHAHTER ia.
AN ACT TO incorporate tho Chesapeake
Bay aud Potomac River Tide Water Cana
Compaay

bay aud Potomac htver Tide W ater Jana
Company.
WaEREAs. A lins Of Canal. River and
Bay communication nov exists from Neu
Yerk 70 the city Of Annapolis, OF suflician'
capacity 20 pass boats OF about three hon
drcd tons bsrthen. and Il only requires Z
link 70 be added. OF about twenty miles, tc
connect the city Of Washington, By canal
with New York Therefore.
Section l. Be Il enacted By fAs General
Assembiy Of Maryiand. That Andrew J.
He'll, WA, 4. Spalding. Henry u. Cook,
Of Washingt0E city. Wm. II. Tuck. John
Coates, Mciieury Grafton. James Higgins,
Anthony Rogbold, Wm. Thompson. Of r..
George +. Needham and Thos, Lansdaie,
ofths State Of Maryland, Gideon l.. Walk.
Or and Samuel r. Dickinson. Of the city Of
New York. and their successors. and eAch
OF their assigns, be and they are hereby
created body corporate aud pelitie, by
the name OF The Chesapeake Bay and
Potomac River Water Canal CON-
pany," aud by that name have perpetual
succession, aud shali-bs able 10 sae and be
sued, 10 plead and be impleaded. 10 defend
and be defended 10 all courts OF law OF
equity. In the State OF Maryland or the
United States. and may make and use a
common seal. 20 ordain and establish
such bylaws, ordinances and regulations
e. may appear necessary for regulatiug
she concerns Of said company. not being
Inconsistent or contrary TO this act or the
laws OF the United States. or the State oi
Maryland said company shall also have
power 10 bold and convey real estate and
other property. 70 execute mortgages aud
deeds oftr1st upon is property and fran
ehisee. real personal and mixed property.
and 20 borrog money and negotiate loans
upon their franchises. bonds. mortgages. OF
other securities.
Section 2. Andbe R enacted. Tba. sAid
corporation is hereby authorized aSd en-
powered 20 survey. locate. lar out. con
strue;. operate. use, collect tolls Dpon. and
euioy o continuous lipe Of Canal wiiiI
eli It's appurtenanees. between the "a
ters Of the Chesapeake Bay and rs tribn.A-
riss. pear the city OF Annapolis. and the
wsiers OF the Anseosis River. AZ OF near
BlAdensburg. 10 the county Of Pr.Dce
Georges upon . route 10 be surveyed and
designsted' by 9 eompetent engineer ap-
pointed by said company. for the purpose.
OF earryiEg freight, asd passing vessels,
boats. RATS oftimber. sud crafts of all kiadE,
capable Of navigating said Canal. which
Canal shsil he 80. a. least ten feet deep
and forty feet y ide ai the bottom. With the
usual slope 20 The banks, and the same
shall q; al tines. be kept 10 good and naSi'
gable eeoditioe.
Sec. .. Aad be IL Jsrfksr enacted, That the
capital stock Of the said Chesapeake Day
a1d P0tonse River Tide WaieT Csnal
Company. shall be three millions of dollars,
ADD shall eopsis, o. thirty thousand shares,
Of ore hundred dollars each. which shsn be
subscribed fer on the books OF said con-
rany. and shall be transferable in sEea
napner ~ the bylaws Of said eoupssy
shall prescribe the books shall be opeaec
.; any place in the cities q Washington.
Annapolis, Baltimore. Philadelphia and
New y 0rk. a. saeh time aud place thercin
~ the ssid corporaiors or . majority o.
them shall designate by public notice Of
ten days, publsshed ~ least il cue daily
paper In saek Of said cities. and said books
shall be kep; open until the whole amount
Of said stock shall De subscribed. o. sach
amount ss the corporation shall deem sui
6ciar; 10 snikorise the said company q
commence the said work = cash payment
II ten per cent on ell subscriptions shall
be paid 81 the time Of snbscrising. 20 the
person or persons properly authorized te
receive the same. bot no person shall b
liable for any amount norc than the amount
of stock be holds
Sec. Z. Aad D. /. enacted. That the per
sons raned in this act. their Successors ~
assigrs shall be the Directors Of said Com
pAoy. ose Of whom shall be appointed
Presider: Of the Board Of Directors. ong
Vice President and one Treasurer. each q
Be appointed By = majority Of the sad III
rcctors as = meeting Q: the same ~ soms
ecsvenient place 10 the city Of Washington
20 Be designated by ~ least seven Of SAID
Directors. aud 10 be pahlished in sonle ons
Of the daily papers pablished 10 the city Of
Washington. aud also By letter properly
10 the postofice ot the city of Wsshingtoo.
and directed 10 any director or corpor&;or
ai bic residence when be does not reside
in tue city Of Washington, Of the time. and
place Of said meeting sad seven OF Whoa
shall constitute . qaeram. and they AZ tbs
tine mcutioned 10 said notice, shall then
10 case quorum be present. proceed q
elect said President. Vice President aat
Treasurer BY ballot, frst having appointes
two ofthelr number AZ Inspectors Of said
election. which two Inspectors 30 designs
ted. shall certify under their hands. The
names OF the President and Treasurer. thus
daily elected. end shall. IL they ere not pres
eut notify them Al once OF their elections
the proceedings of said meeting, and oftbe
election OF said ceicers shall be entered 10
the books of the Compasy. and the oibcen
90 elected shall hold their osiiee Tor twC
year.. and until Others are elected sns
qualified 90 ell their places. but before th'
ssid Directors, or any Of them. shall enis
upon their duties. they shall take aud sub
scribei the usual oath before some person
Authorised 20 administer the sane. 20 sap
port the constitution OF the United States
I the constitution Of the state OF MAryisud
aud faithfully TO perform the duties OF th'
Office or said coTporator the Treasurer q
elected and before he enters upon his do
/ ties a= Treasurer, shall make, execute anl
deliver TO The President OF said Company.
bond 10 the name OF said Company. 10 a.
amount TO be approved Of BY the Presideu
and Vice President, with Sufficient sufs
ties as their bylaws. rules. aud regulation
sioiermiur, Tor The faithfal performance Q
the several du,ies aud trusts to him CON
fnitted.
Sec. S. And be I enacted. That the sal
President. Vice-President aud Treasure
shall have power TO contract With any pc
son or persons TO construct said canal. re-
ervoirs. basins and 50 forth, 10 appoint
General Superintendent, engineers. sarvs.
ore aud other artists aud lshcF~r- that ih,
shall deem necessary to c0mplesr. aud ca
" on said canal OF any portion Of IL;
Gx the amount Of salaries 20 be paid By Il
| company 70 al officers aud persons emplo.
cd BY the company. lexcept their own sal
Fy.l which shall be 6xed BY : majority
! all the directors. and generally 70 do {
, such other acte. matters aud things, BY u
act and by-laus. and the regulations Of q
, eompssy they are authorized 70 do; th'
: shall also at Al times keep perfect. iuss q