EDWIN WARFIELD, ESQ., GOVERNOR.

825

railroad shall extend or pass, when requested in writing by

the majority of the qualified voters of the said incorporated

Towns may

town or cities, are hereby empowered in their discretion to

subscribe to
stock.

subscribe to the capital stock of the company hereby incorpo-

rated at its par value to an amount to be designated by said

request, all such town or city authorities in said counties so

entered or traversed by said railroad or beds be and they are

hereby authorized and empowered to issue the bonds of their

respective towns or cities to the amount of stock so named in

said request or petition, and subscribed by the authorities of

the several towns or cities, and to negotiate said bonds on

the most favorable terms; providing, that they shall not be

sold for less than par, and that said town or city authorities

or legal representatives are hereby duly authorized and em-

powered to levy upon the assessable property of their re-

spective towns or cities an amount sufficient to pay the annual

interest and the principal of said bonds at maturity ; provided,

Exempted sec-
tion.

however, that this section shall not apply to Frederick City

or to the Mayor and Aldermen thereof.

SEC. 12. And be it enacted, That the said president and

directors, or a majority of them, shall have power to purchase

Authority

with the funds of said company, and place on any railroad

given to com-
pany officials.

constructed by them under this Act, all machines, wagons,

vehicles or carriages of any description whatsoever, which

they may deem necessary or proper for the purpose of trans-

portation of traffic on such railroad or its branches, and they

shall have power to charge for tolls upon and the transporta-

tion or persons, goods, produce, merchandise or property

of any kind whatsoever transported by them along said rail-

road from the City of Washington to the City of Gettysburg

and intermediate points on said railroad or its branches, and

it shall not be lawful for any other company or any person or

persons whatsoever to travel upon or use any of the roads

of said company or to transport persons, merchandise produce.

or property of any description whatsoever along said road or

any of them without the license or permission of the president

and board of directors of said company, and that the said road

or roads, with all their works, improvements and profits and

all of the machinery of transportation used on said railroad

and its branches and is hereby vested in said company incor-

porated by this Act and their successors forever, and the shares

of the capital stock of the said company shall be deemed

and considered personal estate, and shall be exempted from

the imposition of any tax or burthen by the States assenting

to this law; for the period of fifteen years thereafter it shall