The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1876-05-27

att thAeu ny inc slutknnluCft. tilcl notlcD shall
specify the particular object Of the call and II at any
such called meetings majority lin Yalue) of the
stockh2ldeis Of said company are not present IN per-
son or by proxy, such meeting shall b. adjourned
from day to day without transaeting any business
Tor any time not exceeding three days and III within
said three days ssockholders having majority I'm
valued OF the stock subscribed do not attend such
meetings shall be dissolved.
Sec. II. And be Il enacted That at the regular an
II shall be the duty OF the president and director n
onice Tor the preceding year 20 exhibit clear and
distinct statement Of the affairs Of the company in
detail ana o. any called meetings OF the stockhoId
era, majority Of those present may require similar
statements from the president and directors, whose
duty y shall be % furnish them when thusrequred
ana ~ all general meetings Of the stockholders
majority I'm yalue) OF all the stockholders In said
company may remove from Office any president or
MY o. me difeetos Of said company. and may APP
Sec: Is. And be Il enacted That every president
anu director Of said company before he acts such
well and truly discharge the duties Of his said office
70 the best OF bis skin and judgment
sec u. And be II enacted. That the said president
and directors or mojorfy Of them may appoint all
such cmcers, engineers agents ca servants whatso-
ever, ~ they may deem necessary for the transaction
OF them AZ ass,S o. e and may remove any
them shall have power 10 determine by contract the
COMPENSATION OF all the engineers officers. agents or
servants IN the employ Of said company and % de-
termine BY their bylaws the manner OF adjusting
and settling all accounts against the company and
also ne manner and evidence Of transfers OF stock
shall have power to pass All Jaws which they may
ueen necessary or proper for exercising all the pow
the obieets thereof; provided only. that sucR by
Laws small not DC contrary to the laws OF the United
See IL And be il enacted, That II .hecaplal stock
OF said company shall prove to be insufficient forthe
purpose Of constructing and equippiGg It's road il
shall and may be lawful for the president and direc
Tors OF said company, or a majority Of them from
time to time 10 increase the said capital stock %
three millions OF dollars by the addition OF as many
NAV a. their optn as ca,,. lor winch tney
eeived in the manner prescribed by them or they
may sell the same for the benefit OF the company
Tor any amount not under their par value and they
or majority Of them shall have pbwer 10 borrow
msney Tor the purpose OF constructing or equippne
SAID road, and make and execute bonds or certif.
Gates OF Indebtedness under the seal of the company
Tor such sum or sums and payable at such time or
times, and 70 sell and dispose OF the same on such
terms. as % the president and directors may seem
proper; provided, that nothing herein contained
shall be taken to authorize said company 10 issue
anything In the nature OF bank note or other papr
70 Dc used for circulation n currency, and thesaid
president and directors OF the said COMPANY are am
thorized 20 make and execute such mortgage or
mortgages from time 10 time, OF the works and pro
perry OF the said company, as may be Necessary 10
secure the payments OF the said bonds or Certificates
OF debt and OF the interest thereon according 10 the
tenor oi the said bonds and certificates Of debt and
the said mortgage or mortgages when ~ made a.
Aforesaid shall BE- made TO trustee or trustees who
shall hold the works and properly 30 nortgaged and
may dispose OF the same according TO the terms OF
lne persons intended 10 be secured by said mortgage
or mortgages.
directors OF said company shall be, and are hereby
invested with all the rights and powers necessary 10
tue construction and repair Of the railroad author
txed by this Act of Assembly which shall not exceed
sixty-six feet in width the surface but may have
such additions a. may be necessary for slopes and
entertainments, and shall have many sets OF tracks
switches and turnouts and branches not exceeding
ten miles In length a. the said president and tiret
iors may deem necessary and the said president aud
a,heeors may cause y be made or contract with
tumouts and branches, or any part thereof inclu,
ding building Of bridges, necessary warehouses de.
pots and stations, and liking scales and weights and
all works whatsoever which may he necessarv 10
the proper completion and working Of said road and
branches, and may acquire any land, earth. stone
gravel or other material required for any of the pur
poses aforesaid by agreement with the owners there
or or by condemnation, as provided la sections one
hundred and seventy, one hundred and seventy one
one hundred and seyenty-twO, one hundred and
seyenty-thre one hundred and seventy-iour and
one hundred and seventy five OF article twentysix
o. the c9de entitled scorporations and alsaid
Sec u. And DC Ii enacted, That whenever In the
construction OF the said road or roads, or branches
ished road or way It shall be The duty Of he pres
dent and directors Of said company 80 30 construct
NE said road or roads or branches the estab-
ilsh road or way rs not 10 impede the passage or
transportation OF persons property along The same
OF where II shall DC necessary 10 pass through fho
land q any individual l. shall also be their duty to
TO the other.
Sec 20. And be enacted, That the said president
and directors, or majority Of them shall have pow
or 70 purchase, with the funds of said company and
place on any railroad, constructed by them under
this act all engines carriages Of any descrip-
ton whatsoever which they may deem necessary ar
proper Tor The purposes Of transportation on said
railroad. and they shall have power TO charge for
chandise or property OF any kind whatsoever trans.
ported by them along said railroad am sum moi ex.
ceeding three cents per mile for all passengers and
not exceeding i've cents per ton per mile upon all
goods, produce merchandise or property of any de-
scription whatsoever transported thereon, except
upon hour grain, corn, oats, tobacco, whiskey coal
IRON lime. ore lumber, plaster stone wood fish and
salt upon which the rates shall not exceed sx cents
per ton per mile; but any person or persons or cor
porhuons IN this state or the United States may con-
tract with this company for the exclusive ilse AZ any
ear or cars or tran this road at such times upon
such terms. and az such rates or prices as may be
agreed upon between the parties 10 the said contract
and II shall not be lawful for any other company or
FOR any person or persons whomsoeycr, TO travel
upon Or use any OF the roads of said company TO
transport persons, merchandise. produce proper
", OF any description whatsoever, on or along said
roads or any OF them without license or permission
q the president and directors Of said company AMI
the said road or roads with all their works Improve
ments and profits, and all the machinery for trans
poraton used said road are declared 70 Be vested
and the shares Of the capital stock Of said company
shall be deemed and considered personal estate
See n. And be i enacted, Thai the said president
and directors shall annually or semianniially de-
clare and make such dividend, as they may deem
proper OF the net profits arising from the resources
Of the said company amer deducting the necessary
shall divide the said dividend among the proprietos
Of the stock OF said company In proper proportion
Sec 2. And be Il enacted, That IL any person or
persons shall williully, by any means whatsoever,
inure impair or destroy any par OF this railroad or
hicles or machines belonging To- Or IN Ire oecups.
ton OF this railroad company such person or per-