658

LAWS OF MARYLAND.

in the construction, .maintenance and operation of

this work as are now held and enjoyed by the

Chesapeake and Ohio Canal Company tinder its

charter and the several amendments thereto ; there-

fore.

SECTION 1. Be it enacted ly the General Assembly

of Maryland, That A. P. German, A. S. Abel], E.

Pratt, Robert T. Baldwin, Gilmor Meredith, Charles

F. Meycr, I. M. Parr, H. G. Davis, Henry Love-

ridge, Lloyd Lowndes, James A. L. McClure, James

G. Berritt, Wm. H. Smith, Joseph K. Roberts, Jr.,

Barnes Compton, Doctor S. Lynch, G. W. Nutwell,

and such other persons as may become associated

with them, in the manner hereinafter provided ;

and they are hereby constituted a body corporate

and politic, by the name of the "Chesapeake Bay
and Potomac Tide-Water Canal Company," and as

such shall have all the rights, powers, exemptions,

privileges and franchises now held and enjoyed by

Constituted a

the Chesapeake and Ohio Canal Company, under its

body corpo-
rate.

charter, passed by the Legislature of the State of Vir-
ginia at the December session, eighteen hundred and

twenty-three, and ratified by the State of Maryland

at the December session, eighteen hundred and twen-

ty-four, and the several supplements thereto, so far

as the same may be applicable for the purpose of

constructing a canal, and all the dams, locks, feed-

ers and other works and devices of every sort or

description, appertaining thereto, in constructing a

canal from such point on Herring bay, by the most

available route, to the eastern branch of the Poto-

mac river, as the president and directors may select,

and in the same manner and to as large an extent

as if said rights, powers, exemptions, privileges and

franchises had been particularly gran ted to the Chesa-

peake Bay and Potomac River Tide-Water Canal

by this act.

SEC. 2. And be it enacted, That the capital stock

Capital stock.

of the said Chesapeake Bay and Potomac River

Tide-Water Canal Company shall consist of three

millions of dollars, divided into thirty thousand

shares, of the par value of one hundred dollars each,

which shall be considered as personal property, and

shall be transferable in such manner as may be pro-