192
LAWS OF MARYLAND.
Provisoes.
|
times and places as they deem expedient, open books
of subscription therefor, and receive payment for the
same, in money or in land, the price or value of the
land to be fixed by agreement between the parties authorised
to open books of subscription, and the subscriber
or subscribers for the shares of stock, and the
president and directors, for the time being, may from
time to time increase the capital stock, as such increase
may in their opinion become necessary; Provided, the
same shall at no time exceed thirty thousand shares,
over and above the estimated value of the lands of the
company; and the shares of the said company shall be
deemed and held to be personal property, and assigned
on the books of the company, or transferred in such
manner as the by-laws may direct; And provided further,
that the lands held by the said company in payment
for subscriptions or by purchase as aforesaid, shall
at no time exceed sixty thousand acres; And provided
further, that the lands held by the said company in
payment for subscriptions, or by purchase as aforesaid,
shall be all lying and being in Allegany county.
|
Right
and
power to construct
railway,
&c.
Jury of inquest
to the
lands.
|
SEC. 4. And be it enacted,
That the said company
shall have the right and power to lay out, construct
and keep in repair, such railway or railways as they
may deem expedient for the purpose of this corporation,
within the limits of Allegany county, and
may construct and keep in repair any railway or railways
required to connect their lands, mills, mines and
manufactories with the Baltimore and Ohio rail road;
and the said company shall have the right, if they cannot
agree with the owners of any land, earth, gravel,
stone, or materials wanted for the construction or repairs
of their roads, for the purchase, use or occupation
of the same, or if the owner or owners, or any of them
be a feme covert, under age, non compos mentis, or
out of the county, application may be made to any
justice of the peace for Allegany county, who shall
thereupon issue his warrant, under his hand and seal,
directed to the sheriff of said county, requiring him to
summon a jury of twenty inhabitants of said county,
not related to the parties nor in anywise interested, to
meet on the land or near to the other property or materials
to be valued, on a day named in said warrant,
not less than ten nor more than twenty days after the
issuing of the same, and if at the same time and place
any of said jurors should not attend, the sheriff shall
immediately summon as many jurors as may be necessary,
with those in attendance to furnish a panel of
twenty jurors, and from them each party, or his, her or
|
|
|