PHILLIPS LEE GOLDSBOROUGH, GOVERNOR. 157

pany; provided, that no use shall be made of the powers con-
ferred in this charter in the public roads of any city, incor-
porated town or other county, except with the consent of the
County Commissioners, or the municipal or county authorities
of any city, incorporated town or other county, respectively,
and under such reasonable regulations and conditions as they
may respectively prescribe.

SEC. 2. And be it enacted, That the capital stock of said
company shall be increased from one hundred thousand ($100,-
000) dollars, as limited in its certificate of incorporation, to
one million ($1,000,000) dollars, said increase to be divided
into nine thousand (9,000) shares of the par value of one hun-
dred ($100) dollars per share, with the privilege of increasing
the capital stock from time to time by a vote of the stockholders
at a special meeting held for that purpose, to a sum not to exceed
four million dollars ($4,000,000), and all subscriptions to such
stock shall be paid at such time as the board of directors may
determine, and no stockholders shall be liable for more than the
amount of his unpaid subscriptions to such stock at its par
value; provided, that said capital stock shall be issued in accord-
ance with Article 23 of the Code of Public General Laws relat-
ing to the issuing of capital stock of any company incorporated
under the general laws of the State.

SEC. 3. And be it enacted, That the president and board of
directors of said company, upon the acceptance of the provisions
of this act, and before proceeding to issue the amount of said
increased capital stock, shall file in the office of the State Tax
Commissioner a certified copy of this act, and pay to the Treas-
urer of the State of Maryland, as now required by law, the
bonus tax to be computed on the sum of nine hundred thousand
($900,000) dollars, and certificates showing the authorization
of the issue of such increase of such capital stock, signed by the
president, with the corporate seal of said company affixed,
attested by its secretary, shall likewise be filed with said State
Tax Commissioner; and before issuing the amount of said
authorized increased capital stock from one million dollars to
four million dollars, as provided in section 2 of this act, shall
likewise file a certificate of such authorized increase with the
State Tax Commissioner, and pay to the treasurer thereof the
bonus tax as now required on such increase, as authorized by its
stockholders, and which said certificate or certificates shall be
signed by the chairman and secretary of such meeting or meet-
ings, with the corporate seal of said company affixed.

SEC. 4. And be it further enacted, That it shall be lawful
for said company to make and issue its negotiable bonds of the