514

LAWS OF MARYLAND.

May Increase
capital .stock.

SEC. 5. And be it enacted, That the said Washington, Annap
olis and Chesapeake Railroad Company shall have power and
authority to increase their capital stock not to exceed $500,000
in addition to their present stock, and to make such stock either
preferred or common, and to issue mortgage bonds, with or
without coupons attached, in such amounts as the board of
directors may deem advisable for building, equipping and main-
taining the said road, its extensions and branches, and its steam-
ships, steamboats and barges, and it shall also have power and
authority to endorse or guarantee the bonds of any other rail-
sroad or steamboat company, the said bonds to be made payable
at such time and on such terms as the directors may determine,
and the said company shall have also the power and authority,
by their proper officers, to mortgage the said road, its extensions
and branches, with all their personal and real estate, franchises,
rights and privileges for the security and payment of said mort-
gage bonds and other obligations of the said company; but no
such bonds shall be issued until the same shall have been author-
ized by a resolution adopted by a majority of the stockholders
of the company at a regular or special meeting thereof duly
called.

May lay
tracks, etc.

SEC. 6. And be it enacted, That the said Washington, Annap-
olis and Chesapeake Railroad Company shall be authorized to
lay down tracks, either broad or narrow gauge, as its directors
may deem best, and to operate and run its trains and rolling
stock of every kind by the use of steam, electricity, cables or
any other motive-power said directors may adopt.

Effective.

SEC. 7. And be it enacted, That this act shall take effect
from the date of its passage.

Approved April 4, 1896.

CHAPTER 288.

AN ACT to amend the Charter of the Capital City Railway
Company, a corporation formed under Article twenty-three
of the Code of Public General Laws of this State, title
" Corporations," sub-title " Railroad Companies."

Further
powers.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the Capital City Railway Company, a corporation
formed under the provisions of Article twenty-three of the
Code of Public General Laws of this State, title " Corpora-