468
Rate of fare.
May borrow
money
Amount
Make and
adopt by-
laws, rules, &c
Appoint
officers, &c.
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LAWS OF MARYLAND.
in the manner before described; and when any in-
quisition is confirmed by the court aforesaid, and the
amount of damages therein awarded is paid or
tendered to the owner or owners of such land or
materials, or paid into court aforesaid, the company
shall be entitled to the estate and interest of such
owner in said lands and materials, so far as may be
necessary to vest in said company the right of way
over said land for the purpose of said company, or
to the use of the material required.
SEC. 8. And be it enacted, That the rate of fare for
passengers over said railway shall not exceed five
cents a mile for any full mile, but the same fare may
be charged for a fraction of a mile as for a full mile.
SEC. 9. And be it enacted, That the President and
Directors of said company may borrow from time to
time, for the corporate purposes of said company,
such amount of money as they may deem proper,
not exceeding the sum of twenty-five thousand dol-
lars, and provide for the payment of the same and
the interest thereon by mortgage or otherwise, and
may issue bonds for the same and provide for the
payment of principal and interest thereof, as they
may deem proper; the said President and Directors
may also issue certificates of stock in said company,
and make all necessary provisions for the payments
of dividends thereon.
SEC. 10. And be if enacted, That the stockholders of
said company, or a majority of them, voting as here-
inbefore provided, shall have power to make or adopt
such by-laws, rules and regulations for the manage-
ment of said company as they may deem proper, not
inconsistent with the terms of this charter, or the
Constitution and laws of this State; and the Presi-
dent and Directors of said company, or a majority of
them, shall constitute, appoint and employ such offi-
cers, agents and servants, for the construction, repairs
and preservation of said railway, the running of cars
thereon, the transportation of passengers, and other
business of said company, as in their judgment may
he necessary.
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