FRANK BROWN, ESQUIRE, GOVERNOR.

481

CHAPTER 335.

AN ACT to incorporate the Edmondson Avenue, Catons-

ville and Ellicott City Electric Railway Company.

SECTION 1. Be it enacted by the General Assembly of

Maryland, That John Glenn, Victor G. Bloede, Henry B.

Incor-

Whiteley and Carl Schon, all of Baltimore County in the

porated.

State of Maryland, and Henry J. Berkley, M. D., Louis

Yakel and George Yakel all of Baltimore City in said State

and their successors in office are heieby created a body cor-

porate under the name of the Edmondson Avenue, Catons-

ville and Ellicott City Electric Railway Company.

SEC. 2. And be .it enacted, That said corporation under

the above name shall be capable in law of purchasing, hold-

Powers.

ing, selling and conveying property, real, personal and mixed

as far as shall be necessary for the purpose hereinafter men-

tioned and no further, and shall have perpetual succession

and by such corporate name may sue and be sued and to

make, have and use a common seal and the same to alter

and renew at their pleanure, and shall have and enjoy and

may exercise all the powers, rights and privileges, acts,

matters and things incident and necessary to the purpose

of said corporation as created by this act.

SEC. 3. And be it enacted, That the capital stock of said

company shall be one hundred and fifty thousand dollars,

with privilege to increase the same to five hundred thousand

Capital

dollars ($500,000) and shall be divided into shares of

stock.

twenty -five dollars ($25) each, which shall be collected by

the president and directors of said corporation in such

installments and at such times and place as they may

appoint and require, and if any subscriber to said corpo-

rate stock shall neglect or fail to pay any installments or

part or parts of their subscription thus demanded for the

space of twenty days next after the time the same shall be

due and payable, the stock on which it is demanded shall

at the pleasure of said president and directors be forfeited

to the company and sold for its benefit, but the said presi-

dent and directors may in their discretion remit such for-

feiture or recover in the name of the company such install-

ment by suit or action at law or in any other way and upon

such terms as they may deem proper.

SEC. 4. And be it enacted, That John Glenn, Victor G.

Bloede, Henry B. Whiteley, Carl Schon, Henry J. Berkley,

Louis Yakel and George Yakel be and they are hereby con-

Directors.

stituted and appointed the directors of said corporation,

and they shall have power at any time after the passage of