CHAPTER 304.

Passed Mar.
18,1867.

AN ACT to incorporate the Central Maryland
Railroad Company.

Incorporated.

SECTION 1. Be it enacted by the General Assembly
of Maryland, That William Protzman, Wil-
ber F. Sadler. Marion Weakley, Henry Gantz,
A. K. Stake, A. R. Appleman, John Sadler and
their associates, be and they are hereby appointed
Commissioners, under the direction of whom sub-
scriptions may be received to the capital stock of
the Central Maryland Railroad Company hereby
incorporated, and they or a majority of them may
cause books to be opened at such times and places
as they may direct for the purpose of receiving
subscriptions to the capital stock of said company
after having given such notice of the time and
place of opening the same as they may deem
proper; and if such subscriptions to the capital
stock of said company as is necessary for its
incorporation be not previously obtained, the said
books may be opened from time to time during the
period of five years from the passage of this Act, at the
discretion of said Commissioners or a majority of
them, and if any of the said Commissioners shall
die, or refuse to act during the continuance of the
duties devolved upon them by this Act, others .
may be appointed in their stead by the remaining
Commissioners or a majority of them.

Capital Stock.

Sec. 2. And be it enacted, That the capital
stock of the said Central Maryland Railroad Com-
pany shall be one million of dollars, in shares of
fifty dollars each; which said capital stock may be
increased at the discretion of the Commissioners
or the Directors, to bo appointed as hereinafter
provided, to any amount not exceeding two mil-
lions of dollars, and as soon as five hundred
shares of the capital stock shall be subscribed, the
subscribers to said capital stock, their successors,
assigns, shall be and they are hereby declared
to be incorporated into a company by the name of
the Central Maryland Railroad Company, and by
that name shall be capable in law of purchasing,
holding, leasing, selling and conveying estates,