The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1904-05-21
MiddIetown and Cecilton
Railroad Co.
CHAPTER 592.
An Act to incorporate the Middletown and
Ceciton Railroad Company.

Section |, Be it enacted by the General AS
sembly OF the State of Maryland, That the
| name and style of this Company shall ce
1.-The Middletown and Cecilton Railroad Com
pany."
Sec.2, And be it enacted, That the object
and purpose OF this company Is to provide
improved communication for that par OF
Cecil county, State of Maryland, bordering on
the Chesapeake Bay and SassaiIas river, and
to provide direct communication Tor the
transfer OF passengers and freight on this
| railroad afttra point on me Delaware line
near Warwick Maryland, by the way. OF
Cecilton to Fredericktown, Mar, land, and to
build and operate such railroad or railway
extending, by direct line from point at or
within one, half mile OF the point where the
Warwick, Mary land. crosses the Delaware
State line, to Cecllton in Cecil county, Mary
land.
Sec. 8 That the capital stock of this COM
pany shall be(S5u,u0O fifty thousand dollars,
wit h the privilege OF increasing the same to
$50 CUOl one hundred thousand dollars. d.
vided into two thousand five hundred shares
OF twenty dollars each.
Sec L. William D. Davis, Samuel Hurlock
and T. s. Short of Cecil county. Mary land,
Edward Cochran, lr. of Wilmington, Della
ware, and William Polk OF Birmingham,
state of Alabama, be and they are hereby APP
pointed commissioners with the power anu
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
ceivlng subscriptions 10 the capital stock of
said company, at such time or times and at
such place or places rs 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.
Sec. 6. And be it enacted, That said books
of subscription shall remain open for five
successive days from 10 o'clock a. m, to
O'Clock p. m and in case there should not be
sufficient subscriptions made during that
time, said commissioners or majority OF
them may cause said books to be opened from
time to time and place to place after the ex
pration of said five days until the amount OF
subscriptions necessary for the organization
OF said company shall have been Obtain ed;
and the remaining commissioners, or ii
majority of them are authorized to appoint
the successor OF any commissioner who may
die. resign or refuse to act.
Sec. 4. And be it enacted, That the capital
stock OF this corporation shall be divfd ed into
shares of 500 twenty dollars each, which
may be subscribed for by individuals and
corporations and as soon as 100 shares have
been subscribed for and one (S) dollar per
share thereon paid in cash, the subscri bers
to said 81 ock, their succt ssors and assigns.
shall thereupon al d thencctorward be en-
titled to exercise corporate powers under the
name ard title aforesaid, and by that name
shall be capable OF purchasing, holding, sell
ing. leasing, mQrtgaginp, conveying estates
and property, real and personal and mixed
May issue bonds, notes or other evidences of
debt and of erecting and owning and leasing
all necessary buildings including storehouses,
elevators for grain, etc, so 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 guaRe, and may use as motive
powers elt ctrioity. 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
equippng of said railroad and railways. And
by the corporate name may sue and be sued.
and may adopt and use II 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-
eges 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 commmis-
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 fshall be ipaid in such INSTALL