1168 LAWS OF MARYLAND.

its certificate of incorporation, to one million ($1,000,000) dol-
lars, said increase to be divided into nine thousand (9,000)
shares, of the par value of one hundred ($100) dollars per share,
with the privilege of increasing the capital stock from time to
time by a vote of the stockholders at a special meeting ($8,000,-
000) dollars, and all subscriptions to such stock shall be paid
at such time as the Board of Directors may determine, and no
stockholder shall be liable for more than the amount of his
unpaid subscription to such stock at its par value; provided
that said capital stock shall be issued in accordance with Ar-
ticle 23 of the Code of Public General Laws relating to the issu-
ing of capital stock of any company incorporated under the
General Laws of the State.

3. The President and Board of Directors of said Company,
upon the acceptance of the provisions of this Act, and before
proceeding to issue the amount of said increased capital stock,
shall file in the office of the State Tax Commissioner a certified
copy of this Act and pay to the Treasurer of the State of
Maryland, as now required by law, the bonus tax to be computed
on the sum of nine hundred thousand ($900,000) dollars, and
certificate showing the authorization of the issue of such increase
of such capital stock, signed by the President, with the corpo-
rate seal of said company affixed, attested by its secretary, shall
likewise be filed with said State Tax Commissioner; and before
issuing the amount of said authorized increased capital stock
from one million ($1,000,000) dollars to eight million ($8,000,-
000) dollars, as provided in Section 2 of this Act, shall likewise
file a certificate of such authorized increase with the State Tax
Commissioner, and pay to the Treasurer thereof the bonus tax
as now required on such increase as authorized by its stock-
holders, and which said certificate or certificates shall be signed
by the Chairman and Secretary of such meeting or meetings,
with the corporate seal of said company affixed.

6. The said company or its duly authorized agent or agents
may contract and agree with the owner or owners, whether
individuals, firms or corporations, to purchase and hold in
fee simple, or for a term of years, any land or property, or any
easement or right therein, or appurtenant thereto, or for the
use, possession or occupation of the same, or any part thereof,
or of any earth, gravel, stone, timber, streams, rivers, races
waterways, water-power, or of any improvements or of any
part thereof whatever deemed by said company necessary,
requisite and proper and wanted by it for carrying out its