PHILLIPS LFE GOLDSBOROUGH, GOVERNOR. 447

succession, and shall be competent to sue and be sued,
to use a common seal, make and adopt a constitution and by-
laws for the government of said corporation and its officers, to
elect directors and officers, and generally to enforce all and
singular such acts, contracts, matters and things as may be
necessary to carry out the objects and protect the interests of
the said body corporate.

SEC. 2. And be it enacted, That the capital stock of said
body corporate shall consist of twenty-five thousand dollars
($25,000.00) divided into two hundred and fifty (250) shares
of the par value of one hundred dollars ($100.00) per share,
with the right and privilege of increasing the capital stock from
time to time by a vote of the stockholders at a 'special or gen-
eral meeting called for that purpose, to a sum not to exceed
two hundred and fifty thousand dollars ($250,000.00), equiva-
lent to twenty-five hundred (2,500) shares, and all subscrip-
tions to such stock shall be paid at such times as the board of
directors may determine, and no stockholder shall be liable
for more than the amount of his unpaid subscription to such
stock at its par value; provided, that said capital stock shall
be issued in accordance with the provisions of Article 23 of
the Code of Public General Laws, relating to the issuing of
capital stock of any company incorporated under the General
incorporation laws of this State.

SEC. 3. And be it enacted, That said company shall have
power to acquire and hold, either by purchase, lease or other-
wise, any lands containing coal, clay, iron, stone or any other
minerals, and mineral substances, whatsoever, and operate the
same for the purpose of mining, producing, dealing in, trans-
porting, buying and selling coal; for the purpose of manufac-
turing, producing, dealing in, transporting, buying and selling
coke; provided, however, that the amount of coal lands which
the said company may acquire by purchase or lease in Garrett
county, in the State of Maryland, shall not exceed in quantity
five thousand acres (5,000), which shall always include either
the surface and minerals, or the minerals exclusive of the sur-
face; and for the purpose of developing its coal and clay lands,
and mines and other properties, hereby authorized to have and
hold, shall have power and authority to construct and maintain
railways, tramways and cars, and whenever any rights of way
or other property may be useful and necessary for the develop-
ment of its property and the price therefor cannot be agreed
and determined upon by reason of legal disability of the parties,
or otherwise, said corporation is hereby authorized and empow-
ered to acquire the same by condemnation in manner as pro-