1374 LAWS OF MARYLAND.

be due and payable, the stock on which it is demanded shall, at
the pleasure of said directors, be forfeited to the company and
sold for its benefit, but the said directors may in their discre-
tion, remit such forfeiture or recover in the name of the com-
pany such instalments by suit or action at law, or in such other
way and upon such terms as they may think proper. The di-
rectors of said company are hereby fully authorized to make
such stock either preferred or common, and to issue mortgage
bonds, with or without coupons attached, in such amounts as
the directors may deem advisable for building, equipping and
maintaining the said road, its extensions and branches, and its
wharves, steamboats, steamships, tugs and barges; and it shall
also have the power and authority to endorse or guarantee the
bonds of any other railroad or steamship or steamboat com-
pany, the said bonds to be made payable at such time and on
such terms as the directors may determine; and the said com-
pany shall also have the power and authority through its di-
rectors, to mortgage the said railroad, its extensions and
branches, and also its wharves, steamships, steamboats, tugs
and barges, with all their personal and real estate, franchises,
rights and privileges for the security and payment of said
mortgage bonds and other obligations of said company, but no
such bonds shall be issued until the same shall have been au-
thorized by a resolution adopted by a majority of the stock-
holders of the company at a regular or special meeting thereof
duly called.

SEC. 10. And be it enacted, That the said Washington and
Tidewater Railroad Company shall be authorized to lay down
tracks, either broad or narrow gauge, as its directors may deem
best, and to operate and run its trains and rolling stock of
every kind by the use of steam, electricity or any other im-
proved motive powers the directors may adopt.

SEC. 11. And be it enacted, That said Washington and Tide-
water Railroad Company shall have the power to sell only in
the counties of Prince George's, Charles and St. Mary's, and in
no other county in this State nor in Baltimore City, electricity
for power, heat or light, and shall also have the power to con-
struct and operate along any of its rights of way telephone and
telegraph lines.

SEC. 12. And be it enacted, That the president and directors
of said company thus appointed shall serve until their suc-
cessors are duly elected at a general meeting of the stock-
holders of the company, which meeting shall be called at any
time upon the written request of the holder or holders of a
majority of the stock of said company, and thereafter the direc-
tors shall hold office for such time as may be fixed by the stock-
holders at said general meeting for electing directors. Nine