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 preamble 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 Company, 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 previously 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 Assembly, but the said company as reorganized shall not be liable for any debts contracted by the said original 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 company shall issue certificates of stock under its corporate 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, treasurer and seven directors of said company shall be chosen from the stockholders at large, and at any