FRANK BROWN, ESQUIRE, GOVERNOR.

939

SEC. 3. And be it enacted, That the said company shall have
the right to receive and make deeds and contracts, to acquire
by purchase or in other manner, take and receive, hold, use,
employ, manage, dispose of or in any mariner not inconsistent
with law, deal in any property, real or personal, and situate in
or out of this State, which may be necessary or proper to
enable said company to carry out any of its operations or
fulfil the purpose named in this act, and generally to do every
other act and thing not inconsistent with law, which may be

Further
powers.

necessary or proper to promote the object, designs and pur-
poses for which this company is formed, which are hereby
declared to be for the purposes of manufacturing electricity
for illuminating, heating power and for all other purposes to
which electricity or magnetism may be applied, and also for
the purpose of collecting streams of water, drilling and
digging wells, elevating, preserving and using, and distribut-
ing the said water as the means of abundantly supplying with
pure water the public and private houses, and streets, lanes
and alleys and other places in the village of Brighton, in
Baltimore county, and with a radius of three miles thereon, in
said county, and for properly disposing of, selling or transport-
ing said waters, and electricity for lighting, heating and power,
and for such other powers as may be necessary to carry into
effect the purposes of this act.

Objects ol
corporation.

SEC. 4. And be it enacted, That the capital stock of said
company shall consist of twenty-five hundred shares, of the
par value of ten dollars each, with the right at any time to
increase the same by a two third vote of the stockholders, to
fifty thousand dollars, divided into shares of the par value of

Capital stock.

$10 each; and said corporation, or a majority of them named
in this act, shall have power to open books for subscriptions at
such time and place as they deem expedient, and when one
thousand shares have been subscribed, and fifty per cent.

Subscription,
hooks.

thereof has been paid in, the stockholders may elect seven
directors to serve until the ensuing election, or until successors
has been duly elected and qualified; and the directors so elected
of said company, when it shall have been organized, may and
they are hereby entitled to have and exercise, in the name and
behalf of the company, all rights and privileges which are
intended to be hereby given; and should the capital stock at
any time be increased, the stockholders at that time shall be
entitled to a pro rata share of such increase, upon the payment
of the par value of the same.

Directors,