FRANK BROWN, ESQUIRE, GOVERNOR.

947

CHAPTER 705.

AN ACT to incorporate the Baltimore. East Baltimore and

North Point Railroad Company.

SECTION 1. Be it enacted by the General Assembly of

Maryland, That George Schlaffer, Michael Adams and

Commis-

George W. Travers, Daniel Keller, Benjamin F. Harris,

sioners.

Alfred Myers, John Hobbs, Frank Mormon and James P.

Jones, be and they are hereby appointed commissioners to

take subscriptions to the capital stock of the Baltimore,

East Baltimore and North Point Railroad Company hereby

iucorpoiated and they, or a majority of them cause books to

be opened at such times and places and for such period or

periods and upon such notice as they may deem expedient

and may re -open the same from time to time for the purpose

of receiving subscriptions to said capital stock ; and if any

of the above-named directors, shall die, resign or refuse to

act, another or others may be appointed in his or their stead

by a majority of the remaining commissioners.

SEC. 2. And be it enacted, That the subscribers to the

said stock and their successors and assigns, shall be and

Incor-

they are hereby declared to be incorporated into a company

porated.

by the name of the Baltimore, East Baltimore and North

Point Railroad Company, and by that name shall be capable

in law of purchasing, holding, selling and conveying prop-

erty, real, personal and mixed, as far as shall be necessary

for the purpose hereinafter mentioned, and no further, aud

shall have perpetual succession aud by such corporate

name may sue and be sued, and have use of a common seal,

which they shall have the power to alter and renew at their

pleasure, and shall have aud enjoy and may exercise all the

powers, rights and privileges, incident and necessary to the

purpose of said corporation, as created by this act.

SEC. 3. Be it enacted, That when three hundred shares or

more of said stock shall have been subscribed the said com-

missioners or a majority of them shall call a general meeting

Meeting
of stock-

of the subscribers at such time and place as they may

holders.

appoint, and shall give at least ten days' notice thereof by

publication, and at such meeting the said commissioners,

shall lay the subscription books before the subscribers then

aud there present, whereupou, the subscribers, or a majority

of them, shall elect seven directors who shall be stockholders

in said company by ballot, to manage the affairs of said

company, which directors, or a majority of them, shall have

the power to elect a president, from among the directors,

and iu said election and all other elections by the stock -