910

LAWS OF MARYLAND.

CHAP 624.

. Managed by
board
of directors.

SEC. 2. And be it further enacted^ That all the interest and
affairs of the said corporation shall be controlled and managed
by the persons particularly mentioned in the first section of
this Act, or such of them as shall accept such duty or office as
the board of directors of the said company for and during the
first year after the passage of this Act, and until their suc-
cessors as such board shall have been duly elected and qualified
pursuant to the by-laws and regulations which shall be estab-
lished by such board, and the said interest and affairs shall be
managed and controlled by a board of nine directors, stock-
holders in said corporation, elected by the majority of all the
votes of the stockholders, each share of stock so represented
being entitled to one vote, and such board of directors as
aforesaid shall elect from among their number a president,
vice-president, secretary and treasurer; the board of directors
from time to time may and shall make, enact, alter and
re-enact any and all lawful by-laws, rules and regulations
touching the organizations of said company, the subscriptions
to its capital stock, the payment of such subscription, the
issue and transfer of certificates of stock and the mode consti-
tuting all the affairs of said company, and shall have full
power in law and equity to enforce the same.

Certain
privileges
granted.

SEC. 3. And be it -further enacted, That said company
within the scope of the full enjoyment of the purpose herein-
before mentioned shall have and enjoy, besides those powers
and privileges in this Act particularly enumerated, all other
general powers, provisions and privileges conferred by the
general incorporation laws of this State upon companies duly
incorporated under the same, and shall be subject to the gen-
eral regulations in such law; provided, as in so far as altered
by the provisions of this Act or any by-law or regulations of
said company adopted in lawful pursuance of the grant of
powers hereby given.

Authority to
enter upon,
. grade or use
public road,
etc.

SEC. 4. And be it further enacted, That said company may
enter upon, grade, occupy or use any public road or highway
'along said route for the purposes aforesaid, so, however, as not
to prevent the free and convenient travel over such road by
any citizen; and they are further authorized to acquire such
right of way or the fee of such lands as they may find needful
or advantageous to the construction or operation of such rail-
way line or lines by purchase, gift, grant or condemnation in
the manner provided by law for acquisition of private prop-
erty for public use within the limits of Montgomery county,
Maryland; provided, the consent of the County Commissioners
of Montgomery County be first had and obtained; said corpo-
ration is also authorized and empowered to issue bonds to an