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Session Laws, 1894 Session
Volume 480, Page 287   View pdf image (33K)
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FRANK BROWN, ESQUIRE, GOVERNOR.

rights and privileges, acts, matters and things incident and
necessary to the purchase of said corporations as created by
this act.

287

SEC. 3. And be it enacted, That the company hereby incor-
porated is hereby authorized and empowered to make, con-:
struct, lay down and maintain a railroad with double or single
tracks, with the necessary and proper switches, turnouts, side
tracks and any and all mechanical devices and appliances suit-
able to operate an electric railway, and to run thereon cars and
carriages drawn or propelled by electric or other motive power
other than steam in Baltimore city and Baltimore county,
beginning for the same at a point or near the terminus of the
Baltimore City Passenger Railway, at the intersection of Gay
street and North avenue, in Baltimore city; thence running
along the Baltimore and Jerusalem turnpike or parallel thereto,
to the corporate limits of Baltimore city; thence along said
pike or parallel therewith in a northeasterly direction, through
Baltimore county to a point at low water mark on the Gun-
powder river, in the town of Loreley, in Baltimore county,
and north of the bridge of the Baltimore and Ohio Railroad,
crossing said river in said county at said town; and the said
railway is hereby empowered to connect . with like railway or
railways in Baltimore city.

May con-
struct rail-
way.

SEC. 4. And be it further enacted, That the capital stock of
said company shall be two hundred and fifty thousand dollars,
with the privilege to increase the same to three hundred thousand
dollars, and shall be divided into shares of fifty dollars ($50)
each, which shall be collected by the president and directors of
said corporation in such installments and at such times and
place as they may appoint and require; and if any subscriber
to said corporate stock shall neglect or fail to pay any install-
ment, or part or parts of their subscription thus demanded, for
the space of twenty days next after the time the same shall be
due and payable, the stock on which it is demanded shall, at
the pleasure of said president and directors, be forfeited to the
company and sold for its benefits; but the said president and
directors may, in their discretion, remit such forfeiture or
recover in the name of the company such installments by
suit or action at law, or in any other way and upon such terms
as they may deem proper.

Capital stock.

SEC. 5. And be it enacted, That this corporation shall have
the power and right to construct, lay, operate and erect lines
or wires for illuminating purposes along the line of said rail-

May erect
lines of wires.



 
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Session Laws, 1894 Session
Volume 480, Page 287   View pdf image (33K)
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