544

LAWS OF MARYLAND.

CHAPTER 494.

AN ACT to incorporate the Hagerstown street railway company.

SECTION 1. Be it enacted by the General Assembly of Maryland,

That Phares M. Mishler, John D. Wain, Cornelius L. Keedy, J.

Henson Beachly, Reuben M. Keedy, Charles W. Sebold, Alexander

Body cor-
porate.

E. Hagner and S. Milford Schindel, all of Hagerstown, Washington

county, State of Maryland, and their successors in office, be and

they are hereby constituted and made a body corporate and politic,

under the name and style of the " Hagerstown street railway com-

pany."

SEC. 2. And be it enacted, That said corporation, under the

above name and style, is hereby made able and capable in law to

Capable in
law.

sue and be sued, plead and be impleaded, answer and be answered,

defend and be defended, and in any court of record and in any

other place whatsoever to make, have and use a common seal, and

the same to make, alter and renew at their pleasure, and generally

to do and execute all and singular such acts, matters and things

as a corporation and body politic may and can lawfully execute.

SEC. 3. And be it enacted, That the capital stock of said com-

pany shall be fifty thousand dollars, ($50,000,) and shall be divi-

ded into two thousand (2,000) shares, of twenty-five dollars ($25)

each, one-fifth of which shall be collected by the president and

Capital

board of directors upon the organization of said company under

slrok.

this act, and the remaining four-fifths in such instalments and at

such times as they may appoint and require; if any subscriber to

said corporate stock shall neglect or fail to pay any of said in-

stalments for twenty days after the same shall be due and pay-

able, his or her share or shares of stock on which an instalment

may so remain unpaid, shall be forfeited to the company and be

sold by it, but the said president and directors may, in their dis-

cretion, remit such forfeiture upon payment of the instalment due

at any time before the sale of said share or shares, or may sue the

said subscriber for the amount of such instalment, and recover

the same by suit, or action at law in the name of the company.

SEC. 4. And be it enacted, That Phares M. Mishler, John D.

Wain, Cornelius L. Keedy, J. Henson Beachly, Eeuben M. Keedy,

Directors.

Charles W. Sebold, Alexander E. Hagner and S. Milford Schindel

be and they are hereby constituted and appointed the directors of

said company for one year from the passage of this act, who shall

have power to organize at any time after the passage of this act,

by electing a president and any other officers in their judgment

may be to them necessary for the proper management of the

affairs of said company.

SEC. 5. And be it enacted, That the president and directors

thus appointed or elected shall serve for one year from the date

of this act, or until their successors shall be elected at a general