50

LAWS OF MARYLAND.

company adjacent to said canal, or upon other land acquired for

the purpose, from the terminus of said canal in the city of Cum-

berland in Allegany county, to such point on said canal in or

near the city of Washington in the District of Columbia, as the

corporation may select, with the right to connect with the lines

of any other railroad or railroads within this State, now existing

or that may be hereafter incorporated and built, and in the Dis-

trict of Columbia or elsewhere, with which, in the judgment of

said corporation a connection may be advantageous and desirable.

and shall have power to maintain and operate so much of the

Powers

Chesapeake and Ohio canal as shall not be occupied by its con-

structed road, and to charge thereon the same rates of toll and

transportation as said Chesapeake and Ohio canal company is au-

thorized by its charter to charge, and as to so much of the said

canal shall hare the rights and powers of every description that

the said Chesapeake and Ohio canal company has under its char-

ter and amendments thereto, and shall also have power to con-

struct, equip, maintain and operate branch or lateral railroads

through the counties of Montgomery, Howard, Anne Arundel,

and Baltimore to any point within the city of Baltimore, which

the president and directors may select.

SEC. 2. And be it enacted, That the said Washington and Cum-

berland railroad company shall have power to issue mortgage

bonds in such sums and form and payable at such time and

bearing such rate of interest not exceeding six per cent, per an-

Bonds.

num, not exceeding eight millions of dollars in the aggregate, as

the president and directors shall determine, and shall also have

power to issue capital stock to an amount not exceeding eight

millions of dollars, of which such proportion may be made pre-

ferred, and such proportion common stock as the president and

Stock.

directors shall determine, and the creation of such mortgage or

mortgages shall be authorized and directed by the votes of a

majority of the stockholders in person or by proxy, at a regular

or special meeting thereof duly called.

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

full power and authority to acquire by lease from the Chesapeake

and Ohio canal company or by condemnation proceedings the title

held and enjoyed by it to all its properties, and water and other

rights between Cumberland and west seventeenth street in the city

To lease.

of Washington in the District of Columbia, according to the pro-

visions of an act passed at this present session, entitled "an act to

authorize the Chesapeake and Ohio canal company to lease its canal

and all its works to the Washington and Cumberland railroad com-

pany, and to waive and release all the liens of this State upon said

To acquire

canal and all its properties in favor of said lessee," and said corpora-

tion shall also have full power and authority to acquire by pur-

chase, lease, condemnation or otherwise, such land adjacent to said