1216 LAWS OF MARYLAND.

roads, tramways and cars within the limits of Garrett County
which may be neces'sary and convenient for the conduct, of its
business and generally for the purpose of doing all things that
are legitimate and proper for any coal company to do under
the laws of the State of Maryland; to acquire and hold any
real estate and personal property which may be necessary for
the conduct of its business; provided, however, that the said
company shall at no time hold and possess in this State more
than five thousand (5,000) acres of coal land, which shall
always include either the surface and mineral, or the minerals
exclusive of the surface.

SEC. 4. And be it enacted, That said company in the devel-
opment and operation of its coal lands and property may
construct such railways and tramways as may be necessary and
appurtenant thereto, and whenever it becomes necessary for
the construction of such railways and tramways, it may
acquire real estate and other property for rights of way, sidings
and stations which may be necessary and useful for such
purposes, by condemnation proceedings, as provided for in
Article 23, Sections three hundred and sixty (360) to three
hundred and sixty-five (365), both inclusive, of the Code of
Public General Laws of this State.

SEC. 5. And be it enacted, That the home or principal office
of said company shall be located at Grantsville, in Garrett
County, Maryland, but said company may, through its board
of directors, establish branch offices within or without The
State of Maryland, as the business of said company may require,
and the board of directors hereinafter provided for may hold
regular or special meetings at any of its branch offices, after
due notice of such meetings as provided for in the by-laws of
said company.

SEC. 6. And be it enacted, That the incorporators, or a
majority of them, shall have power to open books for the
subscription to said stock at such time and place and in such
manner as shall be determined and regulated by the said
incorporators, or a majority of them, and when three hundred
(300) shares have been subscribed for, and thirty-five per
centum (35%) of said subscriptions have been paid in, either
in cash or its equivalent by an exchange of stock for land and
other property for the use of the corporation, or for services
rendered at its request, the stockholders shall elect a board of
directors composed of not less than five (5) nor more than
seven (7) persons, at least one of whom shall be a citizen of
and actually reside within Garrett County, Maryland, who
shall serve until the ensuing annual election, and the directors
so elected, when said company shall have been organized, may