LLOYD LOWNDES, ESQUIRE, GOVERNOR.

hereto annexed, for services rendered in weighing grain in the
city of Baltimore, under authority as given by them in the
Act of eighteen hundred and seventy-two.

1099

SEC. 2. And be it enacted, That this Act shall take effect
from the date of its passage.
Approved April 7, 1898.

CHAPTER 471.
AN ACT to incorporate the Maryland Electric Railway
Company.
SECTION 1. Be it enacted by the General Assembly of Mary-

Effective.

land, That Marion deKalb Smith, Henry I. Lobe, Harrison Gas-
sard, Isaac L. Strans, Leopold J. Stern and all other persons
who shall hereafter become stockholders in the company hereby
incorporated, shall be a body corporate by the name of the
Maryland Electric Railway Company, and by. that name shall
have perpetual succession.
SEC. 2. And be it enacted, That the said corporation under

Body
corporate.

the above name shall be capable in law of purchasing, holding, ,
possessing, selling and conveying property, real, personal and
mixed for the purposes hereinafter mentioned, and by said cor-
porate name may sue and be sued, and may make, have and
use a common seal, and shall have and enjoy and may exercise
all the powers, rights and privileges, acts, matters and things
incident and necessary to the purposes of said corporation as
created by this Act.
SEC. 3. That the capital stock of said company shall be ten

Capable of
purchasing,
etc.

thousand dollars, with privilege to increase the same to eight
hundred thousand dollars, and shall be divided into shares of
twenty-five dollars each, which shall be collected by the presi-
dent and directors of said corporation in such instalments and
at such times and place as they may appoint and require, and
if any subscriber to said corporation shall neglect or fail to pay
any instalments 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 benefit, bnt the said president and
directors may in their discretion remit such forfeiture or recover
in the name of the company such instalments by suit or action
at law or in any other way and upon such terms as they may
deem proper.

Capital stock.