254

LAWS OF MARYLAND.

passed on the thirteenth day of February in the year

eighteen hundred and sixty-two, became lull paid, has in-

vested large sums of money in purchasing land, buying

certain other railroads and franchises, the erection of build-

ings and making other betterments of its railways and

property, which investments it is right and fitting should

be represented in the capital stock of the said company ;

therefore,

SECTION 1. Be it enacted by the General Assembly of

Maryland, That the Board of Directors of said " Baltimore

Additions

City Passenger Railway Company," may issue certificates

stock.

of capital stock to the amount of twenty thousand shares

of twenty- five dollars each and distribute the same among

the holders of the original capital stock of said company,

created by its said act of incorporation, as shown on the

books of said company at the time of such action of the

said Board of Directors in exercise of the power hereby con-

ferred rateably and in proportion to the number of shares

of the said original capital stock of forty thousand shares

created by the said act of incorporation, then, by them

respectively held ; and the said stock so hereby authorized

to be created, shall be held and taken to be full-paid stock

of the said corporation, and stand on the same footing in

all respects as other full-paid capital stock thereof ; in addi-

tion to the capital stock created by the said act of incor-

poration and to all stock issued and to be issued by virtue

of the act entitled "an act to amend an act to incorporate

the Baltimore City Passenger Railway Company, and to en-

able the said company to use improved methods of traction

and motive power different from horses upon its railways

aud increase its capital stock and borrow money upon

mortgage," passed at the January session eighteen hundred

and ninety, chapter 271, and shall be reckoned and taken

iuto account as part of the capital stock of the said com-

pany whenever it shall be requisite to ascertain the limit of

its ability from time to time to borrow money upon mortgage

not exceeding the amount of its authorized capital stock as

provided in said last mentioned act, and nothing herein

contained shall be construed to limit, abridge, or qualify

any of the powers granted by the said last mentioned act.

SEC. 2. And be it enacted, That this act shall take effect

Effective

from the date of its passage.

Approved March 23rd, 1892.