ELIHU E. JACKSON, ESQUIRE, GOVERNOR.

535

ject and purposes of said corporation as follows, namely : to con-

struct and lay down, and to operate a railway, with the necessary

and proper switches, turnouts, side tracks and any and all mechan-

ical devices and appliances suitable to operate an electric railway,

and to run thereon cars and carriages drawn or propelled by electric

or other motive power between the city of Washington or District

of Columbia, and the town of Upper Marlboro', in Prince George's

county, and to connect the same with like railway within the Dis-

trict of Columbia, with such laterals or branches within said county

of Prince George's, as said corporation may deem advantageous ;

to acquire, hold, manage and dispose of any personal or real prop-

erty essential or relevant to the uses and purposes aforesaid; and

also to acquire title to any real estate adjacent to such line of rail-

way, or any lateral or branch thereof, and to develop, improve,

hold and sell such property.

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

said company shall consist of two thousand shares of one hun-

dred dollars each, being a total capital of two hundred thousand

Capital
stock.

dollars, which may at any time be increased or diminished in the

mode pointed out by the present general incorporation laws of

this act.

SEC. 3. And be it further enacted, That all the interests and

affairs of said corporation shall be controlled and managed by

the persons particularly named in the first section of this act, or

such of them as shall accept such duty and office, as the board

of directors of said company, for and during the first year after

the date of the passage of this act and until their successors, as

such board, shall have been duly elected and qualified pursuant

to the by-laws- and regulations which shall be established by such

board, and thereafter the said interests and affairs shall be managed

and controlled by a board consisting of nine directors, stock-

holders in said company, elected' by a majority of the votes of all

the stockholders attending in person or by proxy, at the annual

To manage

meeting of the stockholders, each share of stock so represented

being entitled to one vote; and such board of directors aforesaid

shall elect from their number a president, and may also elect a

vice-president of their number, and a secretary and treasurer;

the board of directors, from time to time, may and shall make,

enact, alter and re-enact any and all lawful by-laws, rules and

regulations touching the organization of said company, the tak-

ing subscriptions to its capital stock, the payment of such sub-

scriptions, the issue and transfer of certificates of stock and the

mode conducting all the affairs of said company, and shall have

full power in law and in equity to enforce the same.

SEC. 4. And be it further enacted, That said company within

the scope of the full enjoyment of all the purposes hereinbefore

mentioned, shall have and enjoy, besides those powers and privi-