186

LAWS OF MARYLAND.

eighteen hundred and fifty-three, chapter one hun-

dred and ninety-four, who shall have all the powers

Powers of
President and
Directors.

therein mentioned, and all such other powers as pro-
perly appertain to the President and Board of Di-

rectors of a railroad corporation in this State ; the

said President and Board of Directors are hereby

authorized to fix the capital stock of the said corpor-

ation, and the number and par value of the shares

into which the same shall be divided, and to issue

certificates of the same, and distribute and dispose

of the said shares of said capital stock ; the said new

May issue

corporation may also, when it is deemed expedient
by its President and Board of Directors, issue its

bonds and ob-
ligations.

bonds and other obligations, and secure the payment
thereof by a mortgage or mortgages, or deeds of trust
of the property, rights and franchises of the said cor-

poration.

SEC. 3. And be it further enacted, That it shall

be the duty of the said new corporation, within six

Certificate to

months after its said organization, to make a certifi-

be filed

cate thereof under its corporate seal, attested by the

signature of its president, specifying its corporate
name; the date of such organization, and the name

of its president and directors, and cause the said cer-

tificate to be filed in the office of the Secretary of

State, at Annapolis, there to remain on record, and

Evidence of

the same shall be evidence of the corporate existence

existence.

of said corporation in all courts of law or equity, and

evidence of the due performance of every thing re-

quired by this act, to be done to constitute and com-

plete the organization of said new corporation.

Effective.

SEC. 4. And be it further enacted, That this act

shall take effect from the date of its passage.

Approved March 30, 1880.