272

LAWS OF MARYLAND.

constructed by corporations, whose property, rights
and franchises have been sold under decrees or
judgments; therefore,

Incorporated.

SECTION 1. Be it enacted by the. General Assembly of
Maryland, That the said Charles H. Hutchinson and
his associates, the said purchasers named in the pre-
amble to this act, their successors and assigns, are
hereby incorporated and made a body politic by the
name of the Queen Anne's and Kent Railroad Com-
pany, as reorganized, to hold, operate and exercise
the property, works and franchises, of the Queen
Anne's and Kent Railroad Company as originally
incorporated by act of Assembly of eighteen hundred
and sixty-seven, chapter one hundred and forty-two,
in the same manner and to the same extent as the '
said original railroad company could have done pre-
viously to the said sale of its property, works and
franchises; and the said Queen Anne's and Kent
Railroad Company, as reorganized, shall have all the
rights and powers and be subject to all the duties
and liabilities conferred and imposed by the charter
of the said original, company and shall be governed
in all its proceedings by the terms of said charter,
except so far as the provisions of said charter are or
may be amended by this or any future act of Assem-
bly, but the said company as reorganized shall not
be liable for any debts contracted by the said origi-
nal company.

Capital stock.

SEC. 2. And be it enacted, That the capital stock of
the said Queen Anne's and Kent Railroad Company,
as reorganized, as represented by the property, works
and franchises purchased as aforesaid, shall be three
hundred and fifteen thousand dollars, divided into
shares of twenty-five dollars each, and the said com-
pany shall issue certificates of stock under its corpor-
ate seal, signed by its president and countersigned
by its treasurer, to all persons entitled thereto, which
certificates shall in their face express that they are
issued by the said company as reorganized.

Shall be
chosen.

SEC. 3. And be it enacted, That the president, trea-
surer and seven directors of said company shall be
chosen from the stockholders at large, and at any