ELIHU E. JACKSON, ESQUIRE, GOVERNOR.

165

to lay tubes for the using and supplying electricity and electrical

currents and for all otlier purposes to which electricity or mag-

netism may be applied, either above ground or under ground or

in pipes or otherwise, over, under and along the streets, squares,

lanes, roads, public highways, bridges and alleys of the city of

Baltimore and Baltimore county, and to that end to lay tubes,

Powers.

wires, conductors and insulators, and erect poles and posts, and

construct, maintain, repair and remove from time to time all such

lines, pipes and appliances; provided, however, that in the con-

struction, maintenance, removal and repair thereof, when within

the limits of the city of Baltimore, the same shall be under the

supervision of the city commissioner and when within Baltimore

county the same shall be done under the supervision of the county

commissioners of Baltimore county.

SEC. 6. Be it enacted, That the directors of said corporation

shall have full power to adopt such by-laws, rules and regula-

tions for the direction and management of said corporation as

By-laws.

may in their judgment be necessary for the purpose of their in-

corporation, not inconsistent with the provisions of this charter

and the laws and constitution of this State; and the president

and directors of said corporation or a majority of them, shall

constitute, appoint and employ such officers, agents and servants

Agents.

for the construction, preservation and repair of the said line and

property and the transaction of all other business of said corpora-

tion with full power to fix their compensation and to remove

them at pleasure.

SEC. 7. And be it enacted, That should said president and direc-

tors determine to increase the capital stock of said corporation as

authorized in the second section of this act, they or a majority of

them, shall give the same notice of the time and place of sub-

Increase.

scribing such additional stock as is provided in section three of

this act preliminary to the election of a president and directors.

SEC. 8. And be it enacted, That upon every subscription of said

stock, whether under section two or section seven of this act,

there shall be paid to the incorporators or their agents, the sum

of ten dollars on each and every share subscribed, and the residue

shall be paid in such instalments and at such times as the presi-

dent and directors shall prescribe and require, and if any sub-

scriber shall neglect to pay any instalment for the space of thirty

days after the same shall be due and payable, the stock on which

Payment.

it is due and demanded shall at the discretion of said president

and directors be forfeited to the corporation; provided, neverthe-

less, that nothing herein contained shall be construed to prevent

said corporation from suing for and recovering such unpaid in-

stalments in like manner as other debts and claims are recovera-

ble; and said company to commence operation within one year

from passage of this bill.