360

LAWS OF MARYLAND.

Corporate
name.

and they are hereby declared incorporated by
the name of the Loudon County and Frederick
Bridge Company, and by that name may pur-
chase and own real estate and personal property,
may make and enter into contracts, whether by
deed, mortgage, written, parol or otherwise,
may sue and be sued, plead and be impleaded,
answer and be answered in any court of law or
equity in this state, or any other state; and all
charters, rights and privileges heretofore grant-
ed unto the Potomac Bridge Company are hereby
cancelled and repealed.
SEC. 8. And be it further enacted, That in
the event the stock subscribed as above men-
tioned proves insufficient to build and complete

May issue
bonds.

said bridge, then said directors may issue, in
the name of said company, mortgage bonds to
an amount sufficient to complete it, and may ne-
gotiate the same, which mortgage bonds may
be each for such a sum of money as said di-
rectors, or a majority of them, may agree upon,
and for such a length of time as they may deem
advisable, and at such interest as they may name
thereon, and which mortgage bonds shall be
liens on all the property and franchises of said
company ; and its tolls and revenues, after the
payment of the expenses attending the collect-
ing of the same, and the payment of the sum of
three hundred dollars to the owner of the ferry
as mentioned in the fifteenth section of this act,
until the principal indebtedness and the interest
mentioned in said bonds shall be fully paid up.
SEC. 9. And be it further enacted, That the

Principal
office.

principal office of said company shall be in
Frederick city, Frederick county, Maryland,
where the directors shall meet at such times as
they may fix for transacting the business of
the company, and, in the absence of the presi-
dent, may choose a chairman, and they shall
keep correct minutes of all their transactions
fairly entered in a book, which any stockholder
shall be at liberty to inspect.
SEC. 10. And be it further enacted, That the di-

Subscriptions
— how paid.

rectors elected as aforesaid shall alone have au-
thority to collect the sums of money subscribed
as stock, with the exception of the ten dollars on
each share to be paid to the commissioners