618
LAWS OF MARYLAND.
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hereby incorporated, and for carrying the objects
of this act into effect; Provided, only, that such by-laws
shall not be contrary to the laws of the United
States, or the laws of this State, or any of the provisions
of this act.
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May increase
capital stock.
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SEC. 9. And be it enacted,
That if the capital
stock of said company shall be deemed insufficient for
the purposes of this act, then and in that case, it shall
and may be lawful for the president and directors of
said company or a majority of them, from time to time,
to increase the said capital stock by the addition of as
many shares as they may deem necessary, for which
they may, at their option, cause subscriptions to be received
in the manner prescribed by them, or may sell
the same for the benefit of the company, for any sum
not under their par value; and that they or a majority
of them, shall have power to borrow money for the
objects of this act, to issue certificates or other evidence
of such loans, and to pledge the property of the company
for the payment of the same and its interest.
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President and
directors vested
with power
to construct
road, &c.
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SEC. 10. And be it enacted,
That the president
and directors of said company shall be, and they are
hereby invested with all the rights and powers necessary
to the construct a road or roads from Hagerstown,
to any point on the Baltimore and Ohio rail road, within
the limits of Frederick or Washington counties as prescribed
in the first section of this act, not exceeding
sixty-six feet wide, with as many sets of tracks as the
said president and directors may deem necessary; and
they may cause to be made, or contract with others
for making said rail roads, and they, their agents, or
those with whom they may contract for making any
part of the same, or their agents, after the purchase and
condemnation thereof in the manner hereinafter prescribed,
may enter upon, and use and excavate any land
which may be wanted for the site of the said rail road,
or the erection of the warehouses or other works necessary
for said rail road, or for any other purposes necessary
for the construction or repair of said road or its
works, and that they may build bridges, fix scales and
weights, lay rails, and may taken and use any earth,
timber, gravel, stone or other materials, which may be
wanted for the construction or repair of any part of said
road or any of its works, and may make and construct
all works whatsoever, necessary or expedient in
order to the proper completion of said road.
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May agree
with owners
of land, &c.
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SEC. 11. And be it enacted,
That the president and
directors of said company or a majority of them, or their
agents, may agree with the owner or owners of any land,
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