FRANK BROWN, ESQUIRE, GOVERNOR.

423

this act, then the president and directors of said company

Increase
capital.

may, from time to time, increase the stock of the said com-

pany by the addition of as many shares of stock as they

may deem necessary, and may receive subscriptions to the

same, or sell the same at a price not below their par value,

after giving at least thirty days' notice of the opening of

the books for subscription, or for selling such shares ; pro-

vided, that the president and directors shall not increase

the said capital stock beyond the sum or amount of two

million dollars.

SEC. 9. That in all proceedings of the president and

directors of the said company the president shall have one

vote and all questions shall be decided by a majority of

Appoint
officers and

votes, and the said president and directors shall appoint all

agents.

and any such officers, engineers and agents as they may

consider necessary for the transaction of the business and

the purposes of the company, and may dismiss or change

the same at pleasure, and may fix and determine by general

regulations or by special contract the compensation of all

such officers and others, aud may determine the manner of

setting and adjusting all accounts of any of the said officers

against the company and also the manner and evidence of

transfers of the stock of the company.

SEC. 10. That the president and directors shall have

power to borrow money for the purpose of this act, and to

Borrow
money

issue bonds, certificates or other evidences of such loans,

and to pledge the property of the company for the payment

of the same and its interest.

SEC. 11. That the president and directors of said company

shall be, and they are hereby invested with all the rights and

General

powers necessary to the construction, working, use and repair

powers

of its said railroad, with such branches at any point of said

railroad not exceeding twenty miles in length, as the said

president and directors may determine ; the said road when

completed not to be more than sixty-six feet wide, except at

or near its depots or stations, were the width may be made

greater with as many tracks as the president and directors

may deem necessary, and the said president and directors

may cause to be made or may contract with others for mak-

ing said railway, or any part of it, and they or their agents,

or those with whom they may contract, or their agents, may

enter upon and use and excavate any lands which may be

wanted for the site of the said road, or the erection of ware-

houses or other works necessary for the said road or for its

construction or repair; and that they may build bridges, fix

scales and weights,lay rails, take and use earth, gravel, stone,

timber or other materials which may be needed for the con-