WM. T. HAMILTON, ESQUIRE, GOVERNOR.

499

of the transfer of stock in the said company; and

they, or a majority of them, shall have power to

pass all by-laws which they may deem necessary or

proper for exercising all the powers of the company

Pass by-laws.

hereby incorporated and for carrying into effect the

objects of this act; provided only that such by-laws

shall not be contrary to the laws of the United

States, the State of Maryland, or any of the provi-

sions of this act.

SEC. 3. And be it enacted, That at the regular

annual meeting of the said stockholders it shall be

the duty of the directors in office for the preceding

year to exhibit a clear and distinct statement of the

Exhibit state-
ment.

affairs of the company; and a similar statement

they shall furnish to any other called meeting of

said stockholders whenever required by said stock-

holders at said called meeting.

SEC. 9. And be it enacted, That if the capital

stock of said company shall be deemed insufficient

by the said directors for the purposes of this act,

then and in such case it shall be lawful for the

Increase capi-

directors of said company, or a majority of them,

tal stock.

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 receive subscriptions,

after giving notice as aforesaid.

SEC. 10. And be it enacted, That the said direc-

tors shall have power to lay off and construct a

railroad, not exceeding one hundred feet in width,

Lay off and

with as many set of tracks as they may think proper,

construct.

and of the width they may think proper, from such

point on the Baltimore and Delta Railway in Har-

ford county, within two miles of Bel-Air, as they

shall determine, to the Susquehanna river, and across

said river to any point or any railroad in Cecil

county, so as to connect therewith; and also to lay

off and construct an extension and lateral branch

Extension and

or branches of said railroad, to any point or points

lateral branch.

in Harford county in this State, and to connect with

any other railroad or railroads in Harford county

now constructed or hereafter constructed, which

the said directors may deem expedient and proper ;

and said corporation may receive subscriptions to

the capital stock in money, lands or any other prop-

erty, and may merge and consolidate with any other

railroad company chartered by this State, which