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Proceedings and Acts of the General Assembly, March 30, 1868
Volume 142, Page 2667   View pdf image (33K)
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THOMAS SWANN, ESQUIRE, GOVERNOR. 329

timore or the city of New York, as the Directors
of said Company may from time to time appoint,
and all meetings of the President and Directors of
said Company may also be held at either of the
above named places, which the President of said
Company may from time to time appoint, and in
all meetings of the stockholders, a majority of said
stockholders, and in all meetings of said President
and Directors, a majority of said President and
Directors shall constitute a quorum for the trans-
action of business.

 

Sec. 6. And be it enacted, That the said Com-
pany be and the same is hereby invested with all
and singular the rights, power and authority ne-
cessary to enable it to locate, construct and main-
tain such railroad or railroads within Allegany
County as the Directors may deem necessary for
the convenient transaction of its business, and for
these purposes the said Company shall be and is
hereby invested with all and singular the rights,
power, immunities, franchises and privileges for
the surveying, locating and constructing of such
railroad or railroads, and for the working, repair-
ing, preserving and controlling the same and the
necessary vehicles and appurtenances thereto be-
longing and every part thereof; which by the Act
and more particularly the fifteenth Section thereof,
incorporating the Baltimore and Ohio Railroad
and its several supplements, were for the lawful
purposes of said Company and the benefit of its
corporators given, granted, authorized and secured
to the said Company and to the President and Di-
rectors thereof respectively as fully and particu-
larly as if the same were herein repeated, and in
lieu of constructing any such railroad or railroads
as are hereinbefore authorized, or in addition
thereto, the said Company may purchase, lease,
hold and maintain any other railroad or railroads
of transportation already constructed or hereafter

Powers.

to be constructed within Allegany County, with
all the rights powers and franchises connected
therewith ; and it shall also be lawful for said
Company to own such canal boats, steamboats and
sailing vessels as it may desire in connection with
its business, and to subscribe for and take stock in
any railroad company it may deem expedient, and
the said Company hereby incorporated shall trans-

Legality of
ownership.



 

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Proceedings and Acts of the General Assembly, March 30, 1868
Volume 142, Page 2667   View pdf image (33K)
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