JOHN WALTER SMITH, ESQ., GOVERNOR.

CHAPTER 248.

AN ACT to amend the Charter of the Susquehanna Power
and Paper Company of Harford County, a corporation
organized under the Public General Laws of the State of
Maryland, to enlarge its powers and to change the corporate
name thereof by omitting therefrom the words of "Harford
County."

369

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the charter of the Susquehanna Power and Paper
Company of Harford County, a corporation duly formed,
organized and existing in accordance with the law for the
objects and purposes set forth in its certificate of incorpora-
tion, executed under Article 23 of the Code of Public General
Laws, title "Corporation," be and the same is amended as

Susquehanna
Power and
Paper co.

hereinafter set forth, and the stockholders of" said company
may at once, or from time to time, as needed, increase the
capital stock to any amount not exceeding five million dollars,
and may accept subscriptions payable in land or other prop-
erty; and it is hereby declared lawful for said company to
issue its stock certificate for said subscriptions as full paid
and non-assessable stock, and the original holder or holders
thereof, or their transferee or transferees shall not be or
become liable to assessment, and the said corporation shall
have perpetual existence and succession, and after the passage
of this Act the corporate name of said company shall be
the "Susquehanna Power and Paper Company."

May increase
capital stock.

SEC. 2. And be it further enacted, That it shall be lawful
for said company to make and issue its negotiable bonds of
the denomination and to the number by it determined, and to
secure the same by a mortgage or mortgages upon all its
property, real, personal and mixed, and franchises situated in
or out of this State, whether possessed at the time of the making
of said mortgage or mortgages, or thereafter acquired, the
said bonds and mortgage or mortgages, to be made and exe-
cuted in form as the directors of the said company shall pre-
scribe; said bonds to be payable at such time, bear such rate
of interest not exceeding six per centum, per annum, and
contain such terms, conditions and provisions as to them shall
seem meet and proper, and to be issued and disposed of from
time to time upon such terms as they shall determine, and as
may be agreed upon. And in case of sale made by virtue of
said mortgage or mortgages, whether under foreclosure or
other judicial proceedings, or pursuant to any power contained

Lawful to
make and
issue negotia-
ble bonds.