The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1904-05-28
Middletown and Cecilton
Railroad Co.
CHAPTER 592.
An Act to incorporate the Middletown and
Cecilton Railroad Company.


An Act to incorporate the Middetown and
Cecilton Railroad Company.
Section |, BE it enacted by the General As
sembly OF IN. State of Maryland, That the
| name and style of this Company sha | tie
The Middeto town and Cecilton Railroad CON-
pany.
| Sec.2, And be 1t enacted, That the object
and purpose OF this company Is to provide
improved communication tor that par, OF
| Cecil county, State OF Maryland, bordering on
| the Chesapeake Bay and Sassai' rs river, and
to provide direct communication tor the
transfer OF passengers and freight ON this
railroad aft,ra point on the Delaware line
near Warwick Maryland, by the way OF
Cecilton to Fredericktuwn, Mar, land, and to
extending, by direct line from IA pont at or
within one half mile of the point where the
public 'oad from Middletown, Delaware, to
Wal wIcA, Mar. land. crosses the Delaware
State line, to CecitUn III Ceci. county, Mary
land
Sec ). That the capital stock of this COM
pany shall be($5O,C0N nifty thousand dollars
with the privilege OF increasing The same to
$50 GUU) one hundred thousand dollars, d.
Vided into Two thousand nve hundred shares
OF twenty dollars each
Sec 4. william b. Davis, Samuel Hurock
and f S. Short of Cecil county, Maryland,
Edward Cochran, .lr. of Wilmington, Della
ware. and William H Polk of Birmingham,
State of Alabama, be and they are hereby APP
pointed commissioners with the power ana
authority to open books and receive sub
scriptions to the capital stock of said com.
pany according to the terms set forth in the
next section OF this Act.
Sec 5. And be enacted, That said commits
sioners, or majority of them. may cause
books to be opened for the purpose of re
cevlng subscriptions TO the capital stock of
said company, at SUCH time or times and at
such place or places as they may deem eXpedi-
ent, after giving notice at least once Il week
for three successive weeks In one or more
newspapers published in Cecil county Mary
land, and in New Castle county. Delaware.
Il L..
OF sunscripti,n shall remain open for five
successive days from 10 O'Clock. II m. to =
O'Clock, p. IN, and in case there should not be
sufficient subscriptions made during that
time, said commissioners or a majority of
them may cause said books to be opened from
time to time and pace to place after the eX
piration OF said five days unit the amount OF
subscriptions necessary for the organization
OF said company shall have been obtair ed;
and the remaining commissioners, u
| majority of them are authorized To 'ppoint
the successor OF any commissioner who may
die. resign or refuse to act.
Sec. Z. And be il enacted, That the capital
stock of this corporation shall be divided INTO
shares of ts2O) twenty dollars each, which
may be subscribed for by Individuals AND
corporations, ard as soon as lOu shares have
been subscribed for and one (SD dollar per
share thereon paid in cash, the subscribers
to said s, OCk, their suCct ssOIs and assigns
shall thcrcupOu al theHccforward he en-
titcd to exercise corr oratr powers under the
name ard title aforesaid, and by that name
ing. leasing, mOrtEaEinL convey ing estates
and propcrt! real and personal and mixed
MAY issuC bonds, notes or other evidences of
debt and of erecting and owning and leasing
all necessary buildings Including stOrehOuScs
elevators tor grain, etc, so far as may be
thought necessary or the uses and purposes
of tins corporation, which shall rave pcrpet.
uAl succession. May build railroads n nd iul
ways of ANY guuge, and may use as motive
powers et ctricity. hot air gas, line. 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 It's business They may increase their
capital stock and bonded Indebtedness from
time To time nc may be necessary to carry
cut the objects and plans and building and
,quipping of said railroad and railways And
by the corporate name may sue and tie sued
and may adopt and use II common seal, which
they may Tier or renew at pleasure, and by
this corporate name and title shall have en-.
joy and exercise all powers rights and priv.
legcs 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 subscribing to the said commits
soners 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 shall be paid in such INSTALL