ELIHU E. JACKSON, ESQUIRE, GOVERNOR.

295

CHAPTER 271.

AN ACT to amend an act entitled an act to incorporate the Bal-

timore city passenger railway company, and to enable the said

company to use improved methods of traction and motive power

different from horses upon its railways, and increase its capital

stock and borrow money upon mortgage.

SECTION 1. Be it enacted by the General Assembly of Maryland,
That the Baltimore city passenger railway company, the corpora-

tion incorporated by the act passed February the thirteenth,

eighteen hundred and sixty- two, entitled an act to incorporate

the Baltimore city passenger railway company, be and it is hereby

authorized and empowered to use upon any or all of its railways

Empow-

tracks in the city of Baltimore and upon any suburban railways

ered.

of the said company, any cable system or other system of pro-

pulsion by means of stationery engines, any pneumatic motors,

stored electricity motors and any motive power and means of trac-

tion which the mayor and city council of Baltimore may sanction,

or which shall be authorized to be made use of in the city of

Baltimore by any other corporation exercising street railway

franchises therein.

SEC. 2. And be it enacted, That the board of directors of the

said Baltimore city passenger railway company shall have power

to increase the capital stock of said company from time to time ;

provided, that such action of the board of directors shall be au-

thorized or approved by a vote of the owners of a majority of the

shares of the capital stock of the said company at any meeting of

the stockholders; and provided also, that the total amount of the

capital stock of the said railway company shall not exceed two

hundred and forty thousand shares, and all new or additional

stock so issued shall be of the same par value as the original

Powers.

stock as prescribed in the act incorporating the said company,

and shall be paid for in money as and when the board of directors

of the said company shall call for the same, and all the share-

holders of the said company shall have the privilege of subscrib-

ing for the said new or additional stock ratably and in propor-

tion to their respective holdings, as shown on the books of the

said company at the time of such issue of said new stock, and if

any shareholder or shareholders, shall refuse or neglect to sub-

scribe for their proportion thereof, or shall fail to pay the par
value thereof pursuant to the call or calls of the board of directors,

the board of directors shall have power to sell the shares of stock

so omitted to be subscribed for, or not paid for as aforesai'd, for

the best price obtainable for the same, not less than the par value

thereof.

SEC. 3. And be it enacted, That the said company shall have