706

LAWS OF MARYLAND.

CHAP. 480.

visions of all other general laws applicable to similar corpo-
rations.

SEC. 19. And be it enacted, That this Act shall take effect
from the date of its passage.
Approved April 8, 1902.

CHAPTER 480.
AN ACT to confirm and amend the charter of the Newark,
Elkton and Eastern Shore Electric Railway Company of
Cecil County.

Body
corporate

SECTION 1. Be it enacted by the General Assembly of
Maryland, That the charter of the Newark, Elkton and
Eastern Shore Electric Railway Company of Cecil County, a
corporation formed under the provisions of the general incor-
poration laws of this State, is hereby confirmed and made
good, and the incorporators therein named, viz., Joseph H.
Steele, Charles S. Ellison, John G. Williams, Albert Consta-
ble, Jr., and Joshua Clayton, and their successors in office, are
hereby constituted a corporation, with all the powers which
are granted to any railroad company incorporated under
Article twenty-three of the Code of Public General Laws of
this State.

Corporate
name.

SEC. 2. And be it further enacted, That the name of said
corporation shall be the Newark, Elkton and Eastern Shore
Electric Railway Company of Cecil County, and said corpora-
tion, subject to the constitutional power of the General Assem-
bly to amend, alter or repeal this Act, shall have perpetual
succession, and shall have a common seal, which it may alter
or change at will, and the powers to sue and be sued, plead
and be impleaded in any Court of Law or Equity whatsoever.

Capital stock,
with
privilege to
increase
same.

SEC. 3. And be it further enacted, That the capital stock
of said corporation shall be one hundred thousand dollars,
divided into two thousand shares at fifty dollars each par value,
which said capital stock may be increased by the president
and directors of said corporation to an amount not exceeding
five hundred thousand dollars.

Books opened
for
subscriptions
to capital
stock.

SEC. 4. And be it further enacted, That the persons here-
inbefore namedjor a majority of them, may cause books to be
opened at such times and places as they may elect, and when
a majority or more of the capital stock has been subscribed,
the incorporators reserving the right to reject any of said sub-
scriptions, the incorporators shall call a general meeting of the
subscribers, whose subscriptions have been accepted, at such
time and place as they may appoint, after giving ten days'