556
LAWS OF MARYLAND.
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company, at a general meeting of the members of said
company, in the year eighteen hundred and fifty-three,
for adoption or rejection, and if adopted by a majority
of votes cast, according to the ratio of voting prescribed
by the by-laws of said company, shall take effect from
and after said day.
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Passed May
24, 1853.
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CHAPTER 380.
AN ACT to incorporate the Maryland Central Rail
Road Company.
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Commissioners
appointed.
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SECTION 1. Be it enacted
by the General Assembly
of Maryland, That John T. Mason, John Pickell,
William B. Clarke, John W. Bell, Peregrine Fitzhugh,
Joseph Eichelberger, Robert Fowler, Howard Kenedy,
and Edward M. Mealey, be, and they are hereby appointed
commissioners, under the direction of a majority
of whom, subscriptions may be received to the capital
stock of the Maryland Central rail road company
hereby incorporated, and they or a majority of them
may cause books to be opened at such times and places
as they may direct for the purpose of receiving subscriptions
to the capital stock of said company, after
having given such notice of the times and places of
opening the same as they may deem proper; and if
such a subscription to the capital stock of said company
as is necessary for its incorporation be not previously
obtained, the said books may be opened, from time to
time, during the period of two years from the passage
of this act, at the discretion of said commissioners or a
majority of them; and if any of the said commissioners
shall die, or refuse to act during the continuance of
the duties devolved upon them by this act, another or
as many more as may be considered necessary may be
appointed by a majority of the commissioners named
in this act.
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Capital stock.
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SEC. 2. And be it enacted,
That the capital stock
of the Maryland Central rail road company, shall be
two millions of dollars, in shares of fifty dollars each,
which said capital may be increased at the discretion
of the commissioners, or president and directors to
be appointed as hereinafter provided for, to any amount
necessary to complete the road to its western terminus,
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