|
ELIHU E. JACKSON, ESQUIRE, GOVERNOR.
|
787
|
|
|
company, for the purchase, use and occupation of the same, and
|
|
|
|
if no such agreement can be reached or the owner or owners or
|
|
|
|
any of them be an infant or infants, f erne covert not possessed of
|
|
|
|
the property to her sole and separate use, non compos mentis or out
|
|
|
|
of the county where such property needed may lie, or for any
|
|
|
|
other cause be legally incapacitated of contracting, then in all
|
|
|
|
such case or cases it shall be lawful for said company to have
|
Authority
|
|
|
such needed property condemned under and according to section
|
to con-
demn.
|
|
|
six, of article twenty-three, of the Code of Public General Laws
|
|
|
|
of the State of Maryland, of eighteen hundred and eighty-eight;
|
|
|
|
provided, that if it shall appear or be shown at any inquisition
|
|
|
|
under this charter, that said company at any time or times before
|
|
|
|
the same shall have offered or tendered to the owner or owners of
|
|
|
|
the property sought to be condemned, other than such may be
|
|
|
|
under the disabilities mentioned, a sum of current money equal
|
|
|
|
or more than the sum allowed by the jury of condemnation, and
|
|
|
|
if such offer or tender was refused, then the owners in such cases be
|
|
|
|
charged or taxed with the costs and expenses of the condemna-
|
|
|
|
tion.
|
|
|
|
SEC. 8. And be it enacted, That the said company shall have
|
|
|
|
power to borrow money on its bonds, they in their terms or pro-
|
|
|
|
visions being made a lien or liens on its property real and per-
|
To borrow
|
|
|
sonal, but not to issue any note, token or device to be used as
|
|
|
|
money.
|
|
|
|
SEC. 9. And be it enacted, That the general meeting of the
|
|
|
|
stockholders shall be held as soon as convenient after the said five
|
|
|
|
hundred shares of capital stock shall have been subscribed and
|
Meetings
|
|
|
thereafter at such times and places as the president and directors
|
|
|
|
shall determine, and until the first general meeting of the stock-
|
|
|
|
holders, (when a president and a board of directors shall be
|
|
|
|
elected) the said corporators or a majority of them shall have
|
|
|
|
full power to exercise all the franchises and powers of said cor-
|
|
|
|
poration.
|
|
|
|
SEC. 10. And be it enacted, That this act shall take effect from
|
Effective.
|
|
|
the date of its passage.
|
|
|
|
Approved April 8, 1890.
|
|
|
CHAPTER 610.