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The Maryland Code : Public General Laws and Public Local Laws, 1860
Volume 145, Page 162   View pdf image (33K)
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162 CORPORATIONS. [ART. 26.

millions of dollars; And provided also, that the number of trustees,

directors or managers of such company shall not be less than

four or more than sixteen, and that lands, as well as money, may

be considered as payment of any part of the capital stock of said

company, and the presence, in person or by proxy, of a majority

in interest of the stockholders, shall be necessary to form a

quorum for business at any meeting of stockholders.

69. The president and directors of any company incorporated
under the last preceding section, shall be invested with full power
to locate and construct a rail road or rail roads, with the neces-
sary appurtenances, beginning the same at or near the mines or
manufactories of the said corporation, and running to any con-
venient point or points that may best suit the convenience and
interest of said corporation, and to use and control the said rail
road or rail roads, and the necessary vehicles and appurtenances
thereunto belonging.

70. It shall not be lawful for any corporation formed under
this article, to occupy any portion of the lands that may be I
necessary for the accommodation of the works of the Chesapeake
and Ohio Canal Company, or the main route of the Baltimore
and Ohio Rail Road, or that may be within the limits of either, or
the public roads now existing, except to cross said roads without
injury to the same.

71. The Legislature may at any time regulate, modify or
change the control, use and estate of any rail road constructed
by such corporation, in such manner as it may deem equitable
towards the said corporation and necessary to the accommodation
of the public travel or use of the said rail road or rail roads.

72. No rail road constructed by such corporation, shall pass
through the limits of any incorporated city or town without the
consent of the corporate authorities thereof, nor through any
dwelling house, warehouse, stable yard, garden or orchard, with-
out the written consent of the owners of the same.

73. The president and directors of said company, or a majority
of them, or any person authorized by a majority of them, may
agree with the owner or owners of any land, earth, timber, stone
or other material which may be wanted for the construction or
repair of said rail road or rail roads, for the purchase or for the
use and occupation of the same.

 

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The Maryland Code : Public General Laws and Public Local Laws, 1860
Volume 145, Page 162   View pdf image (33K)
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