523

LAWS OF MARYLAND.

CHAPTER 383.

AN ACT to amend the Charter of the Columbia and Mary-

land Railway, a corporation formed under article twenty-

three of the Code of Public General Laws of this State,

title " Corporation" sub -title "Railroad Companies."

SECTION 1. Be it enacted by the General Assembly of

Additional

Maryland, That the Columbia and Maryland Railway, a

powers.

corporation formed nnder the provisions of article twenty-

three of the Code of Public General Laws of this State, title

"Corporations," sub-title "Railroad Companies," in addi-

tion to the powers possessed by it under its certificate of

incorporation as prescribed by said article of the Code of

Public General Laws, shall have the further powers follow-

ing, to -wit :

The said Columbia and Maryland Railway shall have

power to lay down, contract, and operate a railroad from

Washington City to the town of Laurel, in Prince George's

County, and thence to the Pennsylvania line by any prac-

ticable route which it may select through Prince George's,

Montgomery, Howard and Frederick Counties with lateral

branches, said railroad to be either of a broad or narrow

guage as the president and directors shall deem best, and

to operate and run its trains and rolling stock of every kind

by the use of steam, electricity, cables or any other motive

power whatever.

SEC. 2. And be it further enacted, That said Columbia and

May lay out
town rites.

Maryland Railway shall also have power to purchase, acquire,
hold, sell, lease, dispose of and convey real or leasehold

property, not exceeding fifty thousand acres, and lay out

thereon town sites and erect hotels, elevators or other build-

ings, and to use and manage the same in any lawful way

whatever and to open and work quarries and generally to

make such lawful use of its said landed or other property as

it shall deem desirable.

SEC. 3. And be it further enacted, That the said Columbia

Issue mort-

and Maryland Railway shall have power to issue mortgage

gage bonds

bonds in such sums and form, and payable at such time and

bearing such rate of interest not exceeding six per cent, per

annum, not exceeding four millions of dollars in the aggre-

gate, as the president and directors shall determine ; and

shall also have power to issue capital stock to an amount

not exceeding five hundred thousand dollars; of which such

proportion may be made preferred and such proportion

common stock as the president and directors shall determine,