332

LAWS OF MARYLAND.

below grade upon such terms and conditions as may

be agreed upon by the two companies, and jn case

they cannot agree then the said Baltimore and Delta

Railroad Company may condemn a way across said

other railroad in the manner and upon the conditions

hereinabove provided for the condemnation of a way

over real estate ; provided that nothing herein con-

tained shall be taken to restrain the implied powers

of said Baltimore and Delta Railroad Company.

SEC. 12. And be it enacted, That said railway

company may demand and receive for the transpor-

tation of passengers on said road not exceeding five

Amounts
chargeable

cents per mile, and for the transportation of property
not exceeding fifteen cents per ton per mile, when

the same is transported a distance of thirty miles or

more ; and in case the same is transported for a less

distance than thirty miles, twenty cents per ton may

be charged, unless otherwise provided by law.

SEC. 13. And be it enacted. That the said railway

company shall have power to borrow money on the

Borrow

credit of the corporation to an amount not exceed-

money on
credit.

ing its authorized capital stock at a rate of interest

to be agreed upon by the respective parties, the in-

terest thereon to be paid semi-annually, and to issue

bonds therefor in Bums not less than fifty dollars

each, and to secure the payment of said bonds and

their interest by executing and delivering to such trus-

tee or trustees as they may select a mortgage or mort-

gages of all or any part of the road, property, rights,

liberties and franchises of said railway company.

And the said railroad company shall be empowered

to issue for an amount not exceeding in the aggre-

Negotiable
promissory
notes.

gate two hundred thousand dollars negotiable promis-
sory notes bearing its corporate seal and signed by
its president and countersigned by its secretary, and

to pledge its bonds for the payment of said notes ;

provided that the whole amount borrowed upon said

notes and other securities shall not exceed the au-

thorized capital stock of said company hereinbefore

mentioned.

SEC. 14. And be it enacted, That said railway com-

pany may at any time, by means of subscription to

the capital stock of any other company or otherwise,

as the board of directors may determine, aid such