they have decided upon any part of the route, and
cannot agree with the owner of the land through
which the same is to pass, for the amount of com-
pensation which said owner should receive for such
ground as it may be requisite to occupy, then it
shall be competent for said corporation, by their
officers and agents, to execute a bond in double
the sum which said corporation offers to allow to
the said land owner, which bond shall be condi-
tioned for the payment of such sum, with the costs
of suit, as the said owner may, by any proceedings
at law procure to be awarded against the said cor-
poration, whenever the same shall be finally de-
termined; and the said corporation shall file the
said bond, with a plat of the land required, in the
office of the Clerk of the Circuit Court of the
County where said lands lie, and may thereupon
enter upon such land; and construct and maintain
their road thereon, with its appurtenances.

Capital Stock.

Sec. 4. And be it enacted, That the capital of
the said corporation shall consist of fifteen thou-
sand shares of the par value of one hundred dollars
each, with the right to increase the sum, if neces-
sary, to double the said amount.

May make
By-Laws.

Sec. 5. And be it enacted. That the said corpo-
ration is hereby authorized and empowered to
make and use a corporate seal, and to adopt all
such by-laws as they may deem necessary to regu-
late the number, titles and duties of their officers,
the time and manner of their election, the procur-
ing and taking of subscriptions, and the issuing
of their stock and payment of dividends, and the
whole management and control of their business
in the construction and maintenance of the said

Proviso.

road; provided, said by-laws do not conflict with
the laws of this State or the United States.

May mort-
gage the Road.

Sec. 6. And be it enacted, That it shall be
competent for the said corporation, by their duly
elected officers, to mortgage the said road with all
its personal and real estate for the security of the
obligations of said company; and if they deem it
advisable to lease the said road and all the property
of said company to any other corporation, indi-
vidual or individuals for such time and on such
terms as they may deem for the interest of the
company.