78

LAWS OF MARYLAND.

other of the franchises of said corporation, subject
nevertheless to the by-laws, or other act or acts, or
resolution or resolutions of the stockholders adopted
at a general meeting thereof.

Capital stock
deemed as per-
sonal estate.

Sec. 8. And be it enacted, That the capital stock
of the said corporation shall be deemed personal
property and shall be transferable on the books of
the corporation in such manner as the by-laws
shall prescribe, and the principal office of said
company for the transfer of stock and general
business, shall at all times be located in the city
of Baltimore.

In force.

Sec. 9. And be it, enacted, That this act shall
go into operation immediately after the passage
thereof, and after the said Henry Tyson, John W.
Walker, William Chesnut, John W. Randolph,
Conrad S. Grove, Jonathan Brock and Albert W.
Markley, and others, their associates or their at-
torneys or agents, shall declare their acceptance
thereof by writing under their hands or the hands
of their attorneys or agents, to be executed in du-
plicate, and shall file one of the said duplicates
with the Clerk of the Superior Court of Baltimore
city, for enrolment among the land records of said
city, and deliver the other to the Register of the
city of Baltimore.

Banking pri-
vileges with-
held.

Sec. 10. And be it enacted, That the Baltimore
City Passenger Railway Company hereby incorpo-
rated, shall not be authorized by anything con-
tained in this act to exercise banking privileges, or
to issue any note, token, device, scrip or other evi-
dence of debt, to be used as a currency.

Penalty.

Sec. 11. And be it enacted, That the said com-
pany shall forfeit and lose all the rights and fran-
chises granted by this act, unless the said company
shall build, equip and stock, and run their cars
upon, in accordance with the ordinance aforesaid,
the track to be laid from the intersection of Balti-
more street and North street, out North to Lexing-
ing, along Lexington to Calvert, along Calvert to
Read, along Read to Charles, and out Charles
street to the city limits, the same to be continued
and in full running order on or before the first day
of January eighteen hundred and sixty-three.