FRANK BROWN, ESQUIRE, GOVERNOR.

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SECTION 1. Be it enacted by the General Assembly of

Certificate
of

Maryland, That said certificate of in corporation be and the:

Incorpo-

same hereby is declared to be as valid to all intents and

ration.

purposes as if the Code of Public General Laws of this State

had at the .time said certificate was adopted, fully author-

ized the formation of electric light companies in Cecil

County, and the carrying on of the business of said compa-

nies, in said county of Cecil, in all respects according

to the provisions of section one hundred and eleven of

article twenty-three of said code.

SEC. 2. And be it enacted, That in addition to the capi-

tal stock of seven thousand dollars, provided for in said

Capital
Stock

certificate of incorporation, the Port Deposit Electric

Light Company, of Cecil County, aforesaid, is hereby

authorized to issue and sell such other stock, not exceeding

in amount ten thousand dollars, as may be found necessary,

to enable said corporation to successfully carry on its said

business.

SEC. 3. And be it enacted, That said corporation shall

have power to borrow money, not exceeding in amount the

sum of fifteen thousand dollars, and to issue bonds therefor,

To issue

and to secure the payment of said bonds and the interest

Bonds.

thereon by mortgage to trustee or trustees, of the whole of

the property of said corporation, real and personal, together

with the rights, privileges and franchises of the same.

SEC. 4. And be it enacted, That said corporation shall ,

To extend

be authorized to extend their wires so as to furnish light to

their

any point within the seventh election district of Cecil

wires.

County, aforesaid.

SEC. 5. And be it enacted, That the additional stock-

Additional

provided for in the second section of this act shall not be

Stock.

issued until the same shall be ordered by a majority, in

value, of the shareholders in said corporation at the time the

issue of said stock is ordered, at a meeting convened for

the purpose, by notice of not less than three weeks, pub-

lished once a week in some newspaper printed and published

Publi-
cation.

in Cecil County, or by the written assent of the holders of

at least two-thirds of the capital stock ; nor shall such

other capital stock, nor any part thereof, be ordered until

this act shall be accepted.

SEC. 6. And be it enacted, That this act shall take effect

from the acceptance of the same by a majority, in value, of

the shareholders at time of said acceptance, convened upon

Effective.

the notice as provided in the fifth section of this act.

Approved February 26th, 1892.

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