732

LAWS OF MARYLAND.

road constructed by any other company along, upon

or connecting with its line of road, upon such terms

and conditions as may be agreed upon between said

Terms and
conditions.

companies respectively; or said railroad company

may enter into an arrangement with any other

connecting company for their common benefit con-

sistent with and calculated to promote the objects

for which they were created.

SECTION 4. And he it enacted, That upon every

such subscription there shall be paid, at the time of

subscribing, the sum of two dollars on every share

Subscription
—how paid...

subscribed, and the residue thereof shall be paid in

such instalments as the president and directors of

said company shall require; and if any instalment of

stock remains unpaid for sixty days after the time

it may be required, whether such stock is held by

an assignee, transferee or the original subscriber, the

same may be collected by an action of debt; or the

Sell unpaid
stock.

directors may sell the stock so unpaid at public

auction for the instalment then due thereon, first

giving thirty days' public notice of the time and

place of sale in some newspaper in general circula-

tion in the county where such delinquent stock-

holders reside, and in the city of Baltimore, if any

such stockholders reside therein at the time of

making such subscription or becoming such assignee

or transferee, or of his actual residence at the time

of said sale; or if such stockholder resides out of the

State, such publication shall be made in the county

or city where the principal office of the company is

located; and if residue of money shall remain after

paying the amount due on said stock, the same shall,

on demand, be paid over to the owner; if the whole

of said instalment be not paid by such sale, the

How recov-

remainder shall be recoverable by an action of debt

erable.

against the subscriber, assignee or transferee.

SECTION 6. And be it enatcted, That the president

and directors shall have power to locate, construct,

maintain and work a railroad not exceeding eighty

feet in width, with one or more sets of tracks from

Locate and

the city of Baltimore to some point on the Penn-

construct.

sylvania line, east or west of the Susquehanna river,

and in its course through Harford county, running

its line through or near the town of Bel-Air, and

are hereby authorized to form a connection with any

road or roads in the State of Pennsylvania or in