408

LAWS OF MARYLAND.

CHAP. 252

owners of any steamboat or other railroad company for the
transportation of freight and passengers to and from said
railroads or steamboats, and to carry passengers, freight, mail
or expressage over their said lines of road.
SEC. 2. And be it enacted, That said corporation shall have
perpetual existence.
SEC. 3. And be it enacted, That the said corporation shall
have power to unite, connect and consolidate with the Easton

Certain powers
granted.

and Cambridge Traction Company of Talbot county and the
Bay Hundred Traction Company of Talbot county, corpora-
tions duly incorporated under Article 23, Section 35, of the
Code of Public General Laws of this State, or to purchase
the property, rights and franchise of the said corporations
and consolidate the same with the " Peninsula Traction Com-
pany of Talbot County," so that the capital stock of said
companies so united, connected, consolidated, respectively,
may, at the pleasure of the directors, constitute a common
stock, and the respective companies thereafter constitute one
company, and be entitled to all the property, franchises,
rights and privileges and immunities which each of them
possess, have and enjoy under and by virtue of their respective
charters.
SEC. 4. And be it enacted, That Charles R. Wooters, Joseph
B. Harrington, George W. Wilson, Joseph Bruff Seth, Walter

Board of direc-
tors, etc.

Webber, Ernest Pancoast Fink, Herman Fink, Theodore
Josiah Hall, Robert A. Orbison, George H. Foley, William
A. Kirby, Alfred Kemp, Charles B. Lloyd, Charles E. Simp-
son and James H. Warner shall constitute the board of
directors for the first year, or until their successors are duly
elected and qualified, and that said board of directors are
hereby authorized to open books for the subscription of the
capital stock of said railroad company at such time and
place and receive subscriptions in money or in property,
real, personal or mixed, or in labor or service at such valua-
tion as may be agreed upon between the said company and
those subscribing at the time of said subscription, instead of
pursuing the provisions of Article 23 of the Code of Public
General Laws of this State, and said board of directors shall
have power to determine in what instalments said subscrip-
tions to said capital stock shall be paid, and upon failure to
pay any such instalment on any such subscription within
twenty days after the same shall be due and demandable, the