408

LAWS OF MARYLAND.

purposes ; to charter, build, purchase and hold steamships,

steamboats, tugs, barges, lighters and other vessels to ply in

connection with said railroad to any port or ports, place or

places whatsoever, and to contract with any other railroad,

steamship and steamboat line or company for the transporta-

tion of freight and passengers.

SEC. 6. And be it enacted, That the said Pearson and Balti-

more Railroad Company shall have power to unite, connect and

Authority to
consolidate

consolidate with any railroad company or companies, either in

with other

or out of this State, so that the capital stock of said compa-

roads.

nies so united, connected and consolidated, respectively, may,

at the pleasure of the directors, constitute a common stock,

and the respective companies may thereafter constitute one com-

pany and be entitled to all the property, franchises, rights and

privileges and immunities which each of them possess, have

and enjoy under and by virtue of their respective charters.

SEC. 7. And be it enacted. That the Pearson and Baltimore

Power to lease

Railroad Company shall have power to lease or purchase

or purchase
railroads.

and operate any railroad or railroads, either in or out of this

State, for the purpose of carrying on their business, and any

other railroad in this State shall have the right to lease or sell

its railroad or other property to the Pearson and Baltimore

Railroad Company.

SEC. 8. And be it enacted, That the said board of directors

of said corporation shall have the power and right to adopt

Adoption of

any route or routes for the said railroad between the terminals

routes.

mentioned in this Act as to them shall seem most suitable and

proper, and shall have power, when necessary, to cross all nav-

igable rivers, streams or creeks, as well as rivers, streams or

creeks not navigable, by suitable bridges or causeways, and

also the right to cross the lines of other railroads and condemn

easements therein.

SEC. 9. And be it enacted, That the capital stock of said com-

Privilege to in

pany shall be two hundred thousand dollars, with the privilege

crease capital
stock.

to increase the same to two million dollars, and be divided into

shares of ten dollars each, which shall be collected by the direc-

tors of said railroad company in such instalments and at such

times and places as they may appoint and require, and if any

subscriber to said stock shall neglect or fail to pay any instal-

ments or part or parts of their subscriptions thus demanded

for the space of twenty days next after the time the same shall

be due and payable, the stock on which it is demanded shall,

at the pleasure of said directors, be forfeited to the company