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Proceedings and Acts of the General Assembly, 1867
Volume 133, Page 3982   View pdf image (33K)
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18

An Act further amendatory of the Act entitled "An Act to In-
corporate the Cumberland and Pennsylvania Sail Road Com-
pany."

Sec. 1. Be St enacted by the General Assembly of Maryland,
That the Cumberland and Pennsylvania Railroad Company,
be, and it is hereby invested with all the rights, franchises
powers, privileges, authorities, immunities and advantages,
for the surveying, locating establishing and constructing an
extension of its present railroad, from its terminus at the
mines, near the town of Frostburg, to such point, or points,
in the valley of George's Creek, as lie north of the boundary
line which separates the lands of the George's Creek Coal
and Iron Company, from the lands known as the Aspinwall
purchase, and for the using, preserving and controlling said
present railroad and the extension thereof, hereinbefore pro-
vided for, and the necessary vehicles and appurtenances there-
to belonging, and every part tkereof, which by its original
charter, and more especially the twelfth, thirteen, fourteenth
and fifteenth sections thereof, were for the lawful purposes of
said company, and the benefit of its corporators, given, granted,
authorized aid secured to the said company, and to the Presi-
dent and Directors respectively. And that the said company
be, and it is hereby authorized and empowered, to have, hold,
use, manage, work and control said road, and extension in
the same way and with the same rights, powers and franchises,
and subject to the same duties and restrictions, as if the same
had been constructed under the original act, to which this is
an amendment.

Sec. 2. And be it enacted, That the President and Directors
of said company, or a majority of them, shall have power and
authority to borrow money for the purpose of constructing
such extension, and for equiping the same with motive power,
cars, and all other working appurtenances, for the payment
of the liabilities, and for the objects and purposes of said
company, and to make and execute bonds and certificates of
indebtedness, under the seal of said company, for such sum
or sums, and payable at such time or times, and to sell or dis-
pose of the same in such manner as to the said President and
Directors, or a majority of them, may seem proper, and to
pledge the entire road, including such extension, property and
income of said company, to secure the payment thereof; Pro-
vided, nothing herein contained shall be taken to authorize
the said company to issue anything in the nature of a bank
note or other paper to be used or circulated as a currency.

Sec. 3. And it be enacted, That the eaid Cumberland and
Pennsyluania Railroad Company, be, and it is hereby wholly
relieved from any obligation to construct a railroad to the
Pennsylvania line, acid that the twentieth section of said
original act imposing a forfeiture in relation thereto, be and
the same is hereby repealed.

 

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Proceedings and Acts of the General Assembly, 1867
Volume 133, Page 3982   View pdf image (33K)
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