The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1904-05-14
Middletown and Cecilton
Railroad Co.
CHAPTER 59I.
An Act to incorporate the Middletown ana
Cecilton Railroad Company.

An Act to incorporate the Middletown ana
Cecilton Railroad Company.
section1, Be lit enacted by the General AS
sembly OF the State of Maryland, That the
name and sty lie of this Company shall ee
THE Middle town and Cecilton railroad Com
pany.'
sec.2. And be 1t enacted, That the object
and purpose OF this company is to provide
improved communication for that par or
Cecil county, State OF Maryland. bordering on
the Cnes apeake Bay and Sassati as river, ana
TO provide direct communication tor the
transfer OF passengers and freight on TINS
railroad after a point on the Delaware llne
near Warwick, Mary land, by the way OF
Ceciton to Fredericktown, Mar! land, and TO
build and operate such a railroad or railway
extending, by a direct line from poi mt at or
within one. half mile of the point where the
public cad from Middletown, Delaware, to
Warwick, Maryland crosses the Delaware
Slate line, to Cecilton in Ceci! county, Mary
land.
pany shall be(S5UU0O fifty thousand dollars
with the pIiviiege OF increasing the same TO
$50 UUU) one hundred thousand dollars, d.
vided into TWO thousand nNe uunureu snares
OF twenty dollars each
Sec 4. william B. Davis, Samuel Hurlock
and E s. Short OF Cecil county, Maryland,
Edward Cochran, Ir. of wilmington, Dela-
ware, and lillian X Polk of Birmingham,
state OF Alabama be and they are hereby APP
polluted mmissloners with the power ana
authority to open books and receive SUD
scriptiOnS to the capital STOCK OF salu COM
pany according to the terms set forth In the
next section Of this Act.
Sec. s. And be enacted, That said commis-
sioners, or majority OF them. may cause
books to be opened for the purpose OF re-
ceivlng subscriptions to the capital stock OF
said company, at such time or times ana AZ
such place or places as they may deem expedi-
ent, after giving notice at least once week
for three successive weeks In one or more
newspapers published in Cecil county. Mary
land, and in New Castle county. Delaware.
Sec. 8. And be it enacted, That said books
of su subscription shall remain open for hve
successive days from 10 O'Clock, a: M. to
O'Clock, D. IN, and in case there should not be
sufficient subscriptions made during that
time, said commissioners or majority or
them may cause said books to be opened from
time to time and place to place after the ex
piration of said five days until the amount or
subscriptions necessary for the organization
of said company shall have been obtatr ed;
and the remaining commissioners, or
majority of them are authorized to appoint
the successor OF any commissioner who may
die. resign or refuse to act.
Sec T. And be it enacted, That the capital
stock of this corporation shall be divided into
shares OF 500 twenty dollars each, which
may be subscribed for by individuals and
corporal ons, and as soon as 100 shares have
been subscribed for and one (Sl) dollar per
share thereon paid in cash, the subscribers
to said 81 ock, their succt ssors and assigns
shall thereupon and thenccforward be en-
titled to exercise corporate powers under the
name and title aforesaid, and by that name
shall be capable of purchasing holding, SELL
ing, leasing, mortgaginp, conveying estates
and property, real and personal and mixed:
May issue bonds notes or other evidences of
sdebt and of erecting and owning and leasing
all necessary buildings including storehouses,
elevators for grain. etc, 80 far as may be
thought necessary tor the uses and purposes
of this corporation, which shall have perpet-
ual succession. May build railroads and rail-
ways of any guage, and may use as motive
powers electricity. hot air. gasoline, steam or
any other motive power they may desire to
use. and may erect poles and wires and other
things and appliances that they may think
suitable and advantageous to this company
and its business. They may increase their
capital stock and bonded Indebtedness from
time to time as may be necessary to carry
out the objects and plans and building and
equipping of said railroad and railways. And
by the corporate name may sue and be sued.
and may adopt and use a common seal, which
they may alter or renew at pleasure, and by
this corporate name and title shall have, en-
Joy and exercise all powers, rights and privi-
Ieges which any other body corporate may
lawfully do,
Sec 8. And be 1t enacted, That upon every
subscription made to the said capital stock
while the subscription book is in the hands
OF said commissioners there shall be paid at
the time gu describing to the said commits
sioners or person by them designated to re-
ceive the same the sum OF 81 per share on
each and every share subscribed and the
residue thereof lshall be Ipaid in such INSTALL