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Session Laws, 1904
Volume 209, Page 1184   View pdf image
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1184

LAWS OF MARYLAND.

 

to the proper completion and working of said railroad and

 

branches, and may acquire any land, earth, stone, gravel or

 

other material required for any of the purposes aforesaid,

 

by agreement with the owner or owners of any land, earth,

 

timber, gravel or other materials, or any improvements for

 

the construction or repairs of said road or its works, for the

 

purchase or use and occupation of the same, and in case they

 

do not agree, or if the owner or owners, or any of them, be a

 

femme covert, under age, or non compos mentis, or out of

 

the county in which the property may lie, when such lands or

 

materials may be needed l the said company may proceed to

 

condemn and acquire the use of the same for the purposes

 

of said railroad, or for the purposes of the motive power

 

thereof, in the manner provided for by the Code of Public

 

General Laws of Maryland, Article 23, and the Supplement

 

to the Code of Public General Laws, Sections 167, 167 A,

 

168, 169,169A and 173, inclusive, so far as the same may be

 

applicable, and may condemn land, easements, rights of way,

To have gen-
eral rights

material and privileges for the purposes of the company in

and privilege

s the manner aforesaid, and shall have all other rights, privi-

 

leges and powers which are granted by the General Laws

 

of Maryland, so far as the same does not conflict herewith.

 

SEC. 9. And be it enacted, That said board of directors

Will open
books for

are hereby authorized to open books for subscription to the

subscriptions.

capital stock of said railroad company, at such times and

 

places as they may deem proper, and receive subscriptions in

 

money or property, real, personal or mixed, or in labor or

 

service, at such valuation as may be agreed upon between

 

the said company and those subscribing at time of such sub-

 

scription, and not less than one dollar per share shall be paid

 

at the time of making such subscription, the said board of

 

directors having power to determine in what instalments the

 

remaining portion of said subscriptions shall be paid, and upon

 

failure to pay any such instalments or any subscription, within

 

twenty days after the same may be due and demandable, the

 

stock on which it is demanded shall, at the pleasure of the

May recover

board of directors, be forfeited to the company and sold for

by suit or

its benefit, but the board of directors may remit such for-

action at law,

feiture or may recover in the name of the company such in-

 

stalment by suit or action at law, or in such way and upon

 

such terms as they may deem proper.

Charter.

SEC. 10. And be it enacted, That the charter of the said

 

company shall be perpetual.



 
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Session Laws, 1904
Volume 209, Page 1184   View pdf image
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