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Session Laws, 1865
Volume 530, Page 245   View pdf image
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A. W. BRADFORD,ESQUIRE, GOVERNOR,

245

ties; provided, the amount of the loan shall not
exceed one-half of the cash capital.

Proviso.

Sec. 5. And be it enacted, that all meetings of
the stockholders of the said compapy may be held
either in the city of Cumberland, the city of Balti-
more or the city of New York, as the Directors of
said company may, from time to time appoint;
and all meetings of the said President and Direc-
tors of said company may also be held at either of
the above named places, which the President of
said company may, from time to time, appoint,
and in all meetings of the stockholders a majority
of said stockholders, and in all meetings of said
President and Directors, a majority of said Presi-
dent and Directors shall constitute a quorum for
the transaction of business.

Meetings
may be held.

Sec. 6. And be it enacted, That the said com-
pany be and the same is hereby invested with all
and singular the rights, power and authority ne-
cessary to enable it to locate, construct and main-
tain such railroad or railroads as the Directors may
deem necessary for the convenient transaction of
its business, and for these purposes the said com-
pany shall be and is hereby invested with all and
singular, the rights, powers, immunities, fran-
chises and privileges for the surveying, locating
and constructing or such railroad or railroads, and
for the working, repairing, preserving and controll-
ing the same, and the necessary vehicles, and ap-
purtenances thereto belonging, and every part
thereof; which by the act, and more particularly
the fifteenth section thereof, incorporating the
Baltimore and Ohio railroad and its several sup-
plements were for the lawful purposes of the said
company, ad the benefit of its corporators, given,
granted, authorized and secured to the said com-
pany and to the President and Directors thereof re-
spectively., as fully and particularly as if the same
were herein repeated; and in lieu of constructing
any such railroad or railroads, as are hereinbefore
authorized, or in addition thereto; the said compa-
ny may purchase, lease, hold and maintain any
other railroad or railroads, or other roads or ways,
water courses or channel of transportation already
constructed, or hereafter to be constructed, with
all the rights, powers and franchises connected
therewith; and it shall also be lawful for said com-

Company in
vested with
powers.



 
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Session Laws, 1865
Volume 530, Page 245   View pdf image
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