E. LOUIS LOWE, ESQUIRE, GOVERNOR.
239
by-laws and regulations, the manner of settling and
adjusting all accounts of any of the said officers against
the company, and also the manner and evidence of
transfers of the stock of the company, and they shall
have power to pass, and from time to time, at their
pleasure, change or annul all by-laws and regulations
which they may deem necessary for exercising the
powers vested in the company hereby incorporated, and
for carrying the objects of this act into effect; Provided,
such by-laws be not contrary to the laws of the United
States, or of this State, or the provisions of this act.
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SEC. 11. And be it enacted,
That the president and
directors shall have power to borrow money for the purposes
of this act, and to issue bonds, certificates or
other evidences of such loans, and to pledge the property
of the company for the payment of the same, and
its interest.
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Power to borrow
money.
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SEC. 12. And be it enacted,
That the president and
directors of the said company shall be, and they are hereby
invested with all the rights and powers necessary to
the construction, working, use and repair of a rail road
from some suitable point in or near the city of Baltimore,
and thence within one mile of the town of Upper
Marlborough, in Prince George's county, and as near
to said town within the limits of that distance as may
be practicable, and by or near the town of Port Tobacco,
in Charles county, to a point on the Potomac river,
to be selected by the president and directors of the said
company hereby incorporated, not higher up than
Liverpool point, and not lower down than the mouth of
Saint Mary's river, with such branches at any point
of said rail road, not exceeding twenty miles in length,
as the said president and directors may determine; the
said road when completed not to be more than sixty-six
feet wide, except at or near its depots or stations, where
the width may be made greater, with as many tracks as
the president and directors may deem necessary; and
the said president and directors may cause to be made,
or may contract with others for making said rail road,
or any part of it, and they and their agents, or those
with whom they may contract, or their agents may
enter upon, and use and excavate any lands which may
be wanted for the site of the said road, or the erection
of warehouses or other works necessary for the said
road, or for its construction and repair; and that they
may build bridges, fix scales and weights, lay rails, may
take and use earth, gravel, stone, timber, or other materials
which may be needed for the construction and repair
of the said road, or any of its works, and may make
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Invested
rights.
Contracts.
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