538
LAWS OF MARYLAND.
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the established depots of said rail road or rail roads
for
transportation, under the restrictions above stated.
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Banking forbid.
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SEC. 10. And be it enacted,
That nothing herein
contained, shall be construed to give to the said company
banking privileges; and the Legislature hereby
reserves the right to alter, amend, or repeal the charter
hereby created.
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In force.
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SEC. 11. And be it enacted,
That this act shall take
effect from the day of its passage.
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Passed May
27, 1853.
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CHAPTER 367.
AN ACT to amend the charter of the Frederick County
Canal Company, passed at December session, eighteen
hundred and twenty-eight, chapter six.
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Act revived.
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SECTION 1. Be it enacted
by the General Assembly
of Maryland, That the act to incorporate the Frederick
County Canal Company, passed at December session,
eighteen hundred and twenty-eight, chapter six,
be, and the same is hereby revived and so far amended
that George Smith, Richard Potts, Ezra Houck, Joseph
N. Chiswel, William B. Tyler, be, and they are hereby
appointed commissioners, instead of John Schley, John
Brengle, William M. Beall and Steuart Gaither, who
were named as commissioners by the first section of
said original act and are since deceased; and the aforesaid
commissioners or a majority of them shall have
power to carry the same into effect in like manner and
as fully in all respects, as if they had been originally
constituted for that purpose by the said original act of
incorporation.
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Power to issue
bonds.
Proviso.
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SEC. 2. And be it enacted,
That the president and
directors of said company shall have power to issue
bonds or certificates of indebtedness, under the seal of
said company, in such sum or sums of a denomination
not less than one hundred dollars, and to sell and dispose
of the same upon such terms as to the said company
may seem proper, and to pledge the property and
profits of said company to secure the payment thereof;
and also with power to convert the bonds so issued into
capital stock of said company, upon such terms as may be
agreed upon between the holder or holders of said bonds
and the said president and directors; Provided, that
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