260

LAWS OF MARYLAND.

Transfer.

such officers in the employ of said Company, and
to determine the manner of adjusting and settling
all accounts against said Company, and also the
manner and evidence of the transfer of, stock in
the said Company, and they, or a majority of
them, shall have power to pass all by-laws which
they may deem necessary or proper for exercising
all powers vested in the Company hereby incorpo-
rated, and for carrying the objects of this Act into
effect, provided only, that such by-laws shall not
be contrary to the laws of the United States, the
State of Maryland, or any of the provisions of this
Act.

Make exhibit.

Sec. 9. And be it enacted, That at the regular
annual meetings of the stockholders of said Com-
pany it shall be the duty of the President and Di-
rectors in office for the preceding year to exhibit a
clear and distinct statement of the affairs of the
Company ; that at any called meeting of the stock-
holders a majority of those present may require
similar statements from the President and Direc-
tors, whose duty it shall be to furnish them when
thus required ; and at all general meetings of the
stockholders a majority in value of all stockholders
in said Company may remove from office any
President or any of the Directors of said Company
and may appoint others in their stead.

Increase cap-
ital.

Sec. 10. And be it enacted, That if the capital
stock of said Company shall be deemed insufficient
for the purposes.of this Act, then and in that case
it shall and may be lawful for the President and
Directors of said Company or a majority of them,
from time to time, to increase the said capital stock
by the addition of as many shares as they may
deem necessary, not exceeding five hundred thou-
sand dollars, for which they may cause subscrip-
tions to be received giving notice as aforesaid.

Construct.

Sec. 11. And be it enacted. That the President
and Directors, shall have power to lay off and con-
struct a railroad from Manchester in Carroll Coun-
ty to the Western Maryland Railroad so as to con-
nect with said Railroad at or near Patapsco Sta-
tion on the said Western Maryland Railroad, and
for the purpose of laying off and constructing the
road, they shall have all the powers and privi-
leges, and be subject to all the restrictions and lia-