ELIHU E. JACKSON, ESQUIBE, GOVERNOR.

561

SEC. 10. And be it enacted, That it shall be lawful for the said

company to issue its bonds or obligations in sums of not less than

one hundred dollars each, and payable with interest at such time

or times as the president and directors of said company may ap-

point, and to sell and dispose of the same and to provide for the ,

security and payment of the same by mortgage or otherwise, and

To issue
bonds.

also that it shall and may be lawful for the said company to issue

certificates of stock and to apply the same, if they shall find it

expedient to do so, in payment of the expenses of the construction

and equipment of said road or other liabilities of said company.

SEC. 11. And be it enacted, That the stockholders of said com-

pany in general meeting assembled, or a majority of them, shall

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

tions for the direction and management of said company as may

in theix judgment from time to time be necessary for the purposes

By-laws.

of their incorporation, not inconsistent with the provisions of this

charter, and the law and constitution of this State, and the presi-

dent and directors of said company, or & majority of them, shall

constitute, appoint and employ such officers, agents and servants

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

the running of cars and the transportation of passengers and

freight thereon, and for the transaction of all the business of said

company as in their judgment may be necessary.

SEC. 12. And be it enacted, That said company may make or

cause to be made lateral railways; provided, however, that such

lateral branches shall not extend into Baltimore city further than
the said terminus on Marshall street, in any direction whatsoever

from said railway, not exceeding seven miles in length, and may

make connections along and upon any other public county bridge

Laterals.

or causeway that may hereafter be constructed between Baltimore

city, Anne Arundel county and Baltimore county; provided, that

such lateral railways when constructed upon public streets,

avenues or county roads shall be constructed in the manner pre-

scribed for said main railroad by this act, and when constructed

over any such public bridge or pauseway shall be constructed in

the manner prescribed for said main railroad over Light street

bridge aforesaid.

SEC. 13. And be it enacted, That all acts or parts of acts in-

consistent with the provisions of this act, be and the same are

Repeal

hereby repealed.

SEC. 14. And be it enacted, That this act shall take effect from

Effective.

the date of its passage.

Approved April 8, 1890.

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