208

LAWS OF MARYLAND.

quire, and to do, perform or authorize all such
acts, and make, revise, alter or amend all such
by-laws, ordinances, rules and regulations not in-
consistent with the laws of this State, or of the
United States, as the said Board of Directory or a
majority of them may deem useful or necessary for
executing or carrying into effect the powers above
enumerated, and all other powers, rights and
privileges granted to, or vested in the Elkton Gas
Light Company aforesaid, or in the Directors
thereof by this act or by any ordinance of the Pre-
sident and Board of Commissioners of the town of
Elkton, and in general for the better managing
and conducting the business, and promoting the
interest of the said company, or for the improve-
ment of the natural and lawful advantages of the
property, rights and privileges vested in or owned
by the said company in as full and ample a man-
ner as any body corporate within this State, may
or can do.

Compensa-
tion

Sec. 7. And be it enacted, That all costs that
have been incurred by Lucius U. Maltby and J.
W. Baker, or shall be incurred by the said com-
pany hereafter, in purchasing or procuring lands
and houses, in securing the necessary materials for
erecting buildings, in making, procuring and fix-
ing or fitting for use, machinery, utensils and ap-
paratus, and in procuring and laying the pipes for
conveying the gas through and along the streets,
squares and alleys of the town and vicinity of Elk-
ton, together with the wages and other charges,
which shall be paid to the officers or other agents
for superintending and performing the same, shall
be deemed and considered an expenditure or
investment of the capital of said company, and
when the sum so expended or invested, shall
amount to twenty thousand dollars, if the Directors
or a majority of them shall deem it necessary to
employ a further amount of capital for the uses
and purposes authorized by this Charter, they
shall from time to time in such manner and on
such terms as their by-laws may provide receive
subscriptions for, or sell and dispose of so many
additional shares of stock over and above the one
thousand, hereinbefore authorized, as they may
think necessary not to exceed the whole five thou-
sand shares, the amount of such additional shares