Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1902-05-09

trio Light and Railway Company of Mont
gomery County, and to declare its rights,
powers, privileges and franchises.
Section |. Be il enacted by the General
Assembly OF Maryland, That Brainard H.
Warner, Spencer c. Jones, Wilson b. Tschif-
fely, Walter A. Johnston, William NJ. Terrell,
Boyle Stubs, Eugene Jones and Albert J i.
Almoney, and their associates and successors,
be and they are hereby created, constituted
and declared to be body polite and corpo-
rate under the name and style OF the Mont
gomery Electric Light and Railway COMPANY
Of Montgomery County, aud under such name
and style shall have perpetual succession, and
may sue and be sued, defend and be defend
ed at law or in equity; 10 have and use a
common seal or corporate seal, and to alter
or remove the same at pleasure and otherwise
in all things to do, execute and perform
whatever any corporation and body polite
or individual may or might lawfully do, ex-
ecute and perform within the scope and for
the object and purposes OF said corporation,
as follows, namely: To construct and lay
down and operate q railway with the neces-
sary and proper switches, turn-outs, and any
aud all mechanical contrivances and devices
and appliances suitable to operate an electric
railway, and to run thereon cars and carri-
ages for the carrying of passengers and
reight drawn and propelled by electricity or
any other motor power, beginning al the
railway station of the Capital Traction Com
pany at Chevy Chase Lake, in Montgomery
county, Maryland; thence to the town Of
Kensington, and thence TO Wheaton post
Office and thence to the town Of Olney, in
said Montgomery county, and thence to San
dy Spring, 10 said county, with such later
ais or branches within said county of Mout-
"A q aaid tian mo ~ dam Cd
tageous TO acquire, hold or manage, and said
corporation is hereby authorized to change
said route or any portion thereof between its
two terminals If it should find the same TO be
practicable or necessary TO hold, manage or
dispose OF any personal or real property es-
sential or revelant TO the uses aforesaid, and
also 10 acquire title 10 such adjacent line or
lines of railway or any lateral or branch
thereof, and to develop, improve, hold and
sell, and theS sh Ill also have power to manu-
facture and sell and furnish such quantities
of electric light, gas OF any kind and electric
power as may be required or desired at any
point in said county, and to contract for aud
furnish electric light or gas-light or illum-
nant OF any kind for lighting the streets,
wards, public or private buildings in said
county and any city or town therein, aud for
motive power and other purposes, and said
wi POiohOu 10 ucIouy hutuOTlLeu duu eu-
powered to lay, purchase and construct or
build lines and conductors and erect poles,
lay conductors under along or upon or over
the streets, squares, lanes, alleys, roads or
ways whatsoever in said county, or in any
city or town along said route, the consent of
the County Commissioners of Montgomery
county first being obtained, and over and
along any private property, the consent of
the owners thereof being obtained
Section 2 And be it further enacted, That
all the interest and affairs of the said corpo-
ration shall be controlled and managed by the
persons particularly mentioned ia the first
section of this Act or such OF them as shall
accept such duty or Office as the Board of Di-
rectors of the said company for and during
the first year after the passage of this Act,
and until their successors as such board shall
have been duly electe aud qualified pursu-
ant TO the by-laws and regulations which
shall be established by such board, and the
said interest and affairs shall be managed and
controlled by board OF nine directors,
stockholders in said corporation, elected by
The majority of all the votes of the stockhold-
Frs, each share Ct stock so represented being
entitled to one vote, and such Board of Di-
-ectOrs, as aforesaid, shall elect from among
heir number a president, vice president, Sec
e airy and treasurer. The Board of Directors
rom time 10 time may and shall make, enact.
liter and re-enact any and all lawful bylaws
Jules and regulations touching the organiza-
lions OF said company, the subscriptions TO
It's capital stock, the payment of such sub
'crlptlon, the issue and transfer of certf-
Gates OF took aud the mode constituting all
The affairs of said company, and shall have
full power in law and equity to enforce the
same
Section Aud be il further enacted. That
said company within the scope OF the full en-
oymen OF purposes hereinbefore mentioned
shall have and enjoy, besides those powers
aud privileges in this Act particularly emu
nerated, all other general powers, provis-
ions and privileges conferred by the general
incorporation laws of this State upon com.
panles duly Incorporated under the same,
and shall be subject to the general regula-
tons in such law, provided as in so far as
altered by the provisions OF this Act or any
by law or regulations of said company,
adopted in lawful pursuance OF the grant OF
powers hereby given
Section 4. And be il further enacted, That
said company may enter upon, grade, occupy
or use any public road or highway along
said route tor the purposes aforesaid, 80,
however, as not TO prevent the free aud con-
Venient travel over such road by any citizen;
and they are further authorized to acquire
such right-of-way or the fee of such lands as
they find neediul or iyantageous to the con-
struction or operation of such railway line
or lines by purchase, gift, grant or condem-
nation in the manner provided by law for
acquisition OF private property for public use
within the limits OF Montgomery county,
Maryland provided the consent of the
County Commissioners OF Montgomery coun-
Y he hrQI nad and aA
ton Is also authorized aud empowered TO issue
bonds TO an amount not exceeding $50. 900
as The Board OF Directors may determine and
secure same by mortgage upon the property
aud rights OF said corporation.
Section 8. Aud be It further enacted, That
said corporation herein Incorporated is here
by authorized TO consolidate with such road
or roads as 1t may cross or connect with up
on such terms AS may he agreed upon be
tween them, or said road may purchase,
hase OF sell to such connecting roads, or
may be leased by them
Section .. And be it enacted, That the
capital stock o. said company shall consist OF
ten thousand dollars in shares OF the par Of
MY dollars each, with the privilege 10 in-
crease the stock from time to time by vote
OF the stockholders At a special meeting 10 be
called for that purpose TO five hundred thou
sand dollars; and in the event that the
amount OF the capital stock subscribed proves
lnsuthclent 10 construct, complete and fully
equip the electric light and railway herein
mentioned, then the directors of sad com
pany may issue from time to time in the
name Of tue said company mortgage bonds to
an amount sufficient in the judgment Of said
directors to complete and fully equip the re-
quiremenis OF said corporation, aud secure
the payment Of such by mortgage OF all or
any part OF the property, rights, franchises,
tolls and revenues Of said company
Section I And be il enacted, That said
company, subject, however, to the eoustitu
tional right OF amendment and repeal, shall
have perpetual continuance.
Section 8, That this Act shall take effect
from the date OF its passage.
Approved April IL, 1902