664

LAWS OF MARYLAND.

divided into five hundred shares of the par value of fifty

Capitol

dollars each, which may be increased to an amount not

stock of
said com-

exceeding one million dollars ($1,000,000) ; any increase in

pany.

said capital stock to be approved by a majority of the stock-

holders of said company in general meeting called by .the

directors of said company after ten days' public notice of

said meeting by three or more insertions in one of the daily

newspapers published in Baltimore City, and at all elections

and on all questions every stockholder shall have one vote

for every share owned by him or her and may vote either

in person or by proxy.

SEC. 4. And be it further enacted, That said company

shall have power to manufacture and sell in Brooklyn and

Power to
manufac-

South Baltimore and their vicinity in Anne Arundel County,

ture, sell,
&c.

electricity and gas for illuminating purposes and for all

other purposes to which electricity or magnetism or gas may

be applied, and may contract for the purchase or hiring of

the same from other persons or corporations, and make such

other disposition of the same as may be for the benefit and

advantage of said company, and said company shall also

have power to dig such artesian or other wells, contract and

build such works and reservoir or reservoirs as may be

necessary to provide water for drinking or other purposes to

the dwelling houses, stores, shops, and manufacturing estab-

lishments in Brooklyn and South Baltimore and their

vicinity in Anne Arundel County.

SEC. 5. And be it further enacted, That said company be

and it is hereby authorized aud empowered to erect poles

To erect
pales and

and lines of wire thereon for illuminating purposes and to

lines of

construct and lay tubes or conduits for the using and sup-

lines

plying electricity and electric currents or magnetism for

illuminating purpose's or other purposes to which electricity

or magnetism may be applied, and also to construct and

lay gas and water pipes along or under the streets, squares,

lanes, roads, public highways, bridges and alleys of Brooklyn

and South Baltimore aud their vicinity in Anne Arundel

County, and may lay tubes, wires, conductors and insulators,

and erect poles and posts, and string wires thereon, and

may lay pipes and mains for gas and water and construct,

and maintain, repair aud remove from time to time all such

pipes, lines and appliances.

SEC. 6. And be it further enacted, That it shall be lawful

Lawful to

for the said company to issue its bonds or obligations in

isssue
bonds.

sums of not less than one hundred dollars each aud payable

with interest at such time or times as the president and

directors of said company may appoint, and to sell and

dispose of the same and to provide for the security and