12 PRIVATE ACTS—CHARTERS.

to carry out the provisions of the aforesaid ordinance, shall be and they
are hereby vested in said corporation.

SEC. 3. And be it enacted, That the corporation hereby created is
also vested with all necessary power and authority to lay down and
construct, and to use and operate Passenger Railways in any street, or
streets, in the city of Baltimore, other than those named in the said ordi-
nance, with the consent of the Mayor and City Council of Baltimore,
and with the restrictions and limitations, and upon the terms and condi-
tions in the s, aid ordinance mentioned; provided, that the said Mayor
and City Council shall have the privilege, within two years after the ex-
piration of fifteen years from the date of the passage of said ordinance,
to purchase and buy out the said corporation, and all its property and
franchises, whether originally conceded by the ordinance aforesaid, or
granted by this act, for and at a fair and equitable consideration, or
value, and in case of a disagreement, as to the said value and considera-
tion, the Mayor and City Council aforesaid, shall appoint one referee,
and the corporation hereby created shall appoint another referee, who
in event of disagreement shall appoint an umpire, the decision of whom
shall be final as to the price to be paid as aforesaid; and provided
further, that if the said Mayor and City Council of Baltimore shall de-
cline or neglect to give notice to the said corporation of their intention
to make said purchase within the aforesaid two years, then the grants
and privileges held and enjoyed by said corporation, shall continue to
belong to it for fifteen years longer from the expiration of said original
fifteen years, subject to all the terms and conditions imposed and recog-
nized by this act, and continuable thereafter in like manner from time to
time as aforesaid, upon the said terms and conditions,

SEC. 4. And be it enacted, That the corporation hereby created be
and they are hereby required to pay over to the Register of the city of
Baltimore, the one-fifth portion of the whole passenger receipts of this
corporation, at or before the stated periods named in the aforesaid re-
cited ordinance of the city of Baltimore; in default of which payments
on or before the days appointed therefor, this coporation shall be liable
to the penalty of one hundred dollars for each day of the continuance of
such default after ten days after the expiration of each quarter, to be
recovered by the said city of Baltimore according to law; provided
further, that the said corporation shall be subject to such police regu-
lations as the Mayor and City Council of Baltimore may hereafter, from
time to time, enact by ordinance for the government of their conduct in
the performance of their duties under this law, and provided also, that
said corporation hereby created shall provide books in which shall be
entered by a Treasurer, under oath, the weekly receipts of said Com-
pany, and that said books shall be open to the inspection of the Mayor
and City Council of Baltimore.

SEC. 5, And be it enacted, That the capital stock of the said corpo-
ration shall consist of forty thousand shares of the par value of twenty-
five dollars per share, to be distributed among the said Henry Tyson,