WM. T. HAMILTON, ESQUIRE, GOVERNOR.

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SEC. 4. And be it enacted, That the said corpo-

ration shall be capable in law of purchasing, hold-

Capable in law

ing, selling, leasing and conveying estates and prop-

erty, real and personal, as freely and fully, and with

the like freedom from any claims or title of reverter

therein, as any natural person may; and may sue and

Sue in corpo-

be sued in said corporate name, and have and use a

rate name.

common seal, and alter and renew the same at

pleasure; and shall have and enjoy, and may exercise,

all the powers, rights and privileges which any other

corporate bodies possess, or may exercise, for the

uses and purposes stated in this act.

SEC. 5. And be it enacted, That the affairs of the

said company shall be managed by a board of tive

directors, who shall serve for two years and until

Board of
directors.

the selection and qualification of their successors;

the corporators named in the first section of this act

shall be the directors to serve for the first year and

until the selection and qualification of their succes-

sors; to continue the succession of such board of

directors, persons who need not be stockholders shall

be chosen or appointed biennially in such manner

and by such authority as may be provided by the

by-laws of the said corporation; said directors shall

have authority to select a president and any other

Select presi-

officers, to be provided for by such by-laws, from

dent.

among their own number or otherwise; and the said

directors, or a majority of them, may make and pass

all by-laws, not contrary to law, to regulate any

affairs of said company.

SEC. 6. And be it enacted, That said corporation

is hereby invested with all powers necessary and

Invested with

convenient for the acquisition of such land and

powers.

other property, personal as well as real, in the city

of Baltimore or in the vicinity of it, as the said

president and directors, or a majority of them, shall

deem necessary, to provide ample yards and depot

and other terminal facilities for the business of the

Western Maryland Railroad Company, and the erec-

tion of the necessary structures thereon, and the

laying of rails thereon, and the connection of the

same with all tracks in use by the said railroad com-

pany, and to make all necessary or convenient con-

tracts for the purchase, leasing and acquisition in

any manner of any land, property and materials for