660 CORPORATIONS. [ART. 23

more city, where streets and alleys have not been opened and occupied
as city streets.

See notes to sec. 273.

1904, art. 23, sec. 257. 1888, art. 23, sec. 170. 1876, ch. 242, sec. 14.

275. Such corporation may demand and receive for the transporta-
tion of passengers on said road not exceeding three cents per mile, and
for the transportation of property on said road, other than coals, ores
or other minerals, not exceeding five cents per ton per mile, but such
corporation shall not demand or receive, for the transportation of coals,
ores or other minerals, a rate exceeding one and a half cents per ton
per mile.

This section has no reference to the construction of street railways for
passengers. Hodges v. Baltimore, etc., R. R. Co., 58 Md. 622.

This section refers only to railroad companies Incorporated under the gen-
eral law; it has no application to the Cumberland and Pennsylvania Railroad
Company. State v. Consolidation Coal Co., 46 Md, 13.
See sections 427, 435, and 441.

Ibid. sec. 258. 1888, art. 23, sec. 171. 1876, ch. 242, sec. 15.

276. Such company shall have power to borrow money on the credit
of the corporation, not exceeding its authorized capital stock, at a rate
of interest to be agreed upon by the respective parties, and may execute
bonds or promissory notes therefor, in sums of not less than one hundred
dollars, and to secure the payment thereof, may pledge the property and
income of such company.
See sec. 439.

Ibid. sec. 259. 1888, art. 23, sec. 172. 1876, ch. 242, sec. 16.

277. Such company may acquire by purchase or gift, any lands in
the vicinity of said road or through which the same may pass, so far
as may be deemed convenient or necessary by said company to secure
the right of way, or such as may be granted, to aid in the construction
of such road, and the same to hold or convey, in such manner as the
directors may prescribe; and all deeds and conveyances made by such
company, shall be signed by the president, under the seal of the corpora-
tion.

Ibid. sec. 260. 1888, art. 23, sec. 173. 1876, ch. 242, sec. 17.
1880, ch. 282.

278. It shall be lawful for such corporation, whenever it may be
necessary in the construction of its road, to cross any road, highway
or stream of water, to divert the same from its present or existing loca-
tion or bed; provided, it is not a navigable stream; and it shall be lawful
for such corporation, or for any railroad corporation heretofore incorpo-
rated under any genera] or special law, whose railroad now crosses or
may hereafter cross any public or private road or highway, to carry
said road or highway over its tracks by an overgrade crossing, or to
carry it under its track or tracks by an undergrade crossing; and to