The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1905-10-07

january 18th, 1904, read the first time
and referred to the Committee on Cor
poratiOn.
Section /. Be it cractcl by the Gen
eral Assembly OF Maryland, That Joseph
S. Keen. Jr.. George ~. Bunting, Peter
II. Cleaver. Philip NJ. Groves and Viii
liam Sterling EVANS and their Successors,
be and they are hereby constituted Il
body cola,orate ana polite, under the
name and STYLE Of OctpIGrO Water and
Power Company, and by that name
shall have perpetual Succession.
Section >. Be it enacted, That the
said company under the above name and
style shall have the following powers:
(a) To sue Hnsl he sued, complain
and defend in any Court Of law OF
equity.
q, TO max, ND r<ou common seal
and alter the >',"" ut p.r%urr.
(c) 10 acquire by ijircLg;e'' ~ in amy
other manner. take, receive hold, ur%c,
employ, m0rtga-e manage. dispose of,
or in any manner not inconsistent with
the law, deal with any property, real,
personal or mixed, which may be nece.-
sary or proper to enable >rid company
to carry on its operations.
ca 70 borrow money. ~>u" houGs;
llti bpIlIillpIIS tHil'.'!- ~ W. lSiTlD-
erty or work or al,or o,.,nc anI to secure
the payment OF the s;Lid bonds or obli-
CATIONS by mort %agin" or plcIging the
franchises ami property Of the corpora
ton.
(c) To make bylaws NOT inconsistent
with law providing for all meetings of
the stockholders and directors, the cleo
ton and removal of its directors and
officers, the appointment and removal
of such subordinate officers. md agents
as the business Of the corporation may
require. the management of its property,
the regulation of it's business uffairS.
and the transfer of its stock. and to
adopt such rules ana regulations for the
management Of its business ae' uay be
deemed proper.
(O 70 enter into uny ohh@ltionS
necessary to the transaction of its bust
ness, and to exercise such other powers
as may he necessary - carry into effect
the purposes OF this .kct
(gl To collect anvil appropriate the
waters Of Octolaro creek ANA other
creeks and streams. and pump. store
preserve. Use. distribute and sell the
same TO persons. partnerships and cor
poTations. and to- develop and sell steam
and electrical power derived thcrcflom
provided that just compensation shall be
ll"ae III the manner hereinafter provided
Tot al NHma&rS resulting ir"'h the ap-
proprietor Nf IN" W1it1S aforesaid. ANA
also ll"Tl"fI that nothing Ill Tins Ad
Small ne CONSTRUED /" Aut'"tl%" IN" rNrl~
else OF any "l the c"lp"rAt" iHfW"rS
hefchN siahtrd IN ;ihN Incorporated trWn
or cry III thlS ~ 1t" without the assent
OF inc ihH:i"1phl "ut'HH h!'s' OF >lrh city
4 4
section -. ANA h'' II "E't'd. ln:it the
capital STOCK OF sal" company shall con-
slSt oil "i' .hnh"l"! ":%.rc'' or the l"lr
vaine OF "!Er huirit| q" lars each, with
1hr privilege "i lhcr"N"h- ~ sam" by
nHJ"rity vote IN interest. of thu stock
hoi"cr> Ut special NEE ting t" y" called
TOT tliAt purpose TO not NOR" than two
million collars. composed Of twenty
Thousand shares of the par value of one
hundred dollars each, all of which stock
may be ISSUED for money. labor done. or
money or property actually received in
the discretion OF the directors, and the
lncorp":tt"rS named III this Act. or Il
majority OF them, Snail have power to
open BOOKS FOR subscription to the capt.
tal STOCK OF thc company ut such tunes
anu places as they may dctlh eNpeMent,
ana When not less tAln on" hundred
shslreS nave been Subscribed for and
ten per cehtun thereon has been paid in
cash. the said company >'halI then he
"rganlzed by the $t"ckho'dcrs by the
adoption OF Il cote OF bylaws. ami by
the election OF hVe directors. all Of
whom snail he stockholders of said COM
pany, /" serve until the ensuing annual
election, and until their successors shall
nave been duly electel and qualified.
me directors shall he chosen annually
ny the stockholders at the tim" fixed by
the hy-lhWs ana shall hold Office until
others are chosen ana qualhed in their
stead, ana the directors so qualified and
elected, ana their successors. are hereby
ahthoilZei ana empowered TO manage
ana cohauct the business of said com
pahy ana to nave and to exercise in the
name ana on behalf OF the company, all
rlshts ana privileges winch arc hereby
INTENDED TO he given. All elections shall
De by baA"t, ana ut such elections and
the meetings OF the Strck!loldena, every
Nt"ckholdtr shall be entitled to one vote
1of each >.'"re or stock held by him, her