1034

LAWS OF MARYLAND.

of the stock of the said company ; provided, that, if a part,
but not all, of the said line shall be constructed, this charter
shall not be forfeited, but shall be and remain valid as to the
part so constructed, and all branches, and said company may
construct, equip, maintain and operate such bridges, docks,
freight, storage and transfer houses as the board of directors
may deem necessary.
SEC. 2. That said company shall have the power to acquire,
by purchase, gift or condemnation, according to the provisions

Lands
acquired.

of the laws of Maryland, including chapter 151 of the Laws
of 1896, such lands as may be necessary for right of way,
sidings, depots, shops, bridges, docks, freight and warehouses,
and other purposes required by said corporation in the trans-
action of business and the storage and transfer of freight and
property.
SEC. 3. The capital stock of said company shall not be less

Capital stock.

than tive thousand dollars, and may, with the consent of a
majority in interest of its stockholders, be increased from time
to time to not exceeding one hundred thousand ($100,000) dol-
lars, and may still further be increased to any»amount which
may be fixed by vote of two-thirds in interest of the stock-
holders of the company, and the said capital stock and all
increases thereof may consist of preferred or common stock, or
both, upon such terms or conditions, and under such regula-
tions as the board of directors may prescribe. The par value
of each share issued shall be one hundred dollars, and subscrip-
tions to the stock shall be made and received under and accord-
ing to such regulations as the board of directors of said corpo-
ration may make, and each stockholder in said company shall,
at all meetings and elections, be entitled to one vote for each
share of stock registered in his name ; and no stockholders in
the said company shall be held liable or made responsible for
its debts and liabilities in a larger or fuller sum than the
amount of any unpaid subscriptions upon its stock. Payment
of subscriptions may be made in land or other property, at
valuation to be fixed by the board of directors, and in cash.
Any county, municipality or town, through or in which the
road of said company, or any branch thereof, may locate, may
subscribe to the capital stock or bonds of said company.
SEC. 4. The said company shall have the right to cross at

Right to cross
at grades.

grade, or by, over or under crossings, intersect, join or connect
its railroad with any other railroad or public carrier now con-
structed, or which may be hereafter constructed, within said
territory, and may consolidate its lines, property and franchise