314

LAWS OF MARYLAND.

Land — how
obtained.

or their legal representatives, shall entitle the said
Company to the estate and interest in the same
thus valued, as if it had been legally conveyed by
the owner or owners of the same, and the valua-
tion, if not received when tendered, may be receiv-
ed at any time thereafter without costs from the
said Company by the owner or owners, or his, her,

Proriso.

or their legal representatives ; provided, that un-
til said valuation is paid by said Company, said
Company shall not be authorized to take posses-
sion of the same, except to go over, examine and
survey the same.

Bridge to be
commenced
within three
years, &c.

Sec. 6. And be it enacted, That if the said
Bridge shall not be commenced within three years
and completed within four years from the passage
of this act, that then and in that case, all the pri-
vileges hereby granted shall cease.

Company may
purchase, in-
stead of build-
ing, Bridge.

Sec. 7. Be it enacted, That the said Company
may purchase a Bridge to be located as aforesaid,
if they shall think it expedient to do so instead
of building a Bridge as aforesaid.

In force.

Sec. 8. And be it enacted, That this act shall
take effect from its passage.

CHAPTER 274.

Passed Marck
10, 1862.

AN ACT to incorporate the Farmers and Mer-
chants Bank of Cecil County.

Incorporated.

SECTION 1 . Be it enacted by the General Assembly
of Maryland, That Samuel B. Foard, Doctor John
Gilpin, George J. A. Coulson, David Scott of
James, David M. Taylor and James T. McCul-
logh, be and they are hereby appointed Commis-
sioners, or a majority of them, with power and
authority to establish a bank in the town of Elk-
ton, in Cecil county, by the name and style of
"Farmers and Merchants Bank of Cecil County,"
the capital of which shall be one hundred thousand
dollars, divided into four thousand shares of twen-
ty-five dollars each ; and that so soon as twenty-