THOMAS W. VEAZEY, ESQUIRE, GOVERNOR.

1835

the land so valued, and the valuation when confirmed

by the court shall be conclusive against the parties,

CHAP 255.

and shall be paid by the said president and directors to

such owner or owners, or his, her, or their legal repro-

sentatives, and when paid or tendered, shall entitle the

said company to all the estate or interest of such own-

er or owners in the property so valued; and if the valu-

ation be refused when tendered, or the party to whom

it is due be unknown, it may afterwards be recovered

of said company without interest or costs.

SEC. 8. And be it enacted, That as soon as a valu-

Entry, &c. au-

ation of the property wanted shall have been made by a

thorised

jury, in the manner prescribed in the preceding sec-

tion, the said president and directors, or their agents,

may immediately enter upon, take and use the proper-

ty so valued; and the valuation when confirmed, shall

be a bar to all actions by the person or persons against

whom such valuation is made, for so entering upon, or

using the said property after such valuation is made.

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

Stock, personal

said company shall be deemed personal property, and

estute

that the shares of said stock may he transferred on the

Transfers

books of said company, in such manner as its by-laws

may direct; but all debts due the said company, by the

Reservation

stockholder wanting to make the transfer, and all out-

standing engagements on which he is then liable to

said company, shall be paid or satisfied out of said stock

or otherwise, before any transfer of any of said stock

can be made, and before any dividends can be paid up-

on the same, except by the special permission of the

President and Directors of said company; and when

Instalments paya-

the said company shall be organised, the amount due

ble

upon the subscriptions to its capital stock shall be paid

in instalments, at such times as the President and Di-

rectors may require the same to be paid, they giving

Notice required

at least sixty days notice of the demand of any instal-

ment, in at least one newspaper printed in each of the

cities of Baltimore and Washington, and in default of

payment of any instalment, the President, and Direc-

tors may offer at public sale so many of the shares in

default, as may be sufficient to discharge the sum then

due on the same, and the purchaser thereof shall hold