376

LAWS OF MARYLAND.

wills, executors' and administrators' accounts, distributories
and inventories, hereinbefore provided for, the sum of ten
cents for each name so indexed by him.

SEC . 4 . And be it further enacted, That this Act shall
take effect from the date of its passage .

Approved April 7, 1900.

CHAPTER 255.
AN ACT to incorporate the Bel Air and Havre de Grace Rail-
way and Power Company.

Bel Air and
Havre de Grace
Railway and
power Co.
Incorporated.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That John H. Reckord, Hanson H. Haines, William E.
Robinson, W. Beatty Harlan, James R. Massey, Thomas
MacKenzie, Noble L. Mitchell and Harry E. Karr, and their
successors and assigns, and all other persons who may hereafter
become stockholders in the company hereby incorporated, be
and they are hereby constituted a body corporate by the name
and style of the "Bel Air and Havre de Grace Railway and
Power Company," and by that name shall have perpetual
succession .

Powers, rights
and privileges.

SEC. 2. And be it enacted, That the said corporation under
the above name shall be capable in law of purchasing, hold-
ing, possessing, selling and conveying property, real, personal
and mixed for the purposes hereinafter mentioned, and by
said corporate name may sue and be sued, and may make,
have and use a common seal, and shall have and enjoy and
may exercise all the powers, rights and privileges, acts, mat-
ters and things incident and necessary for the purposes of said
corporation as created by this Act.

Capital stock.
Privilege
to increase.

SEC. 3. And be it enacted, That the capital stock of said
company shall be ten thousand dollars, with privilege to in-
crease the same to five hundred thousand dollars, or such
portion thereof as the president and directors may elect, and
which stock shall be divided into shares of twenty-five dollars
each, which shall be collected by the president and directors
of said corporation in such instalments, and at such times and
places as they may appoint and require, and if any subscriber
to the capital stock of said corporation shall neglect or fail to

Subscriptions.
How
collected.

pay any instalments or parts of his, her or their subscription
thus demanded, for the space of twenty days next after the
time when the same shall be due and payable, the stock on
which it is demanded shall, at the pleasure of said president
and directors, be forfeited to the company, and sold for its