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Session Laws, 1914
Volume 533, Page 1354   View pdf image (33K)
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1354 LAWS OF MARYLAND.

shall be issued in accordance with Article 23 of the Code of
Public General Laws of the State of Maryland, relating to the
issuing of capital of any company incorporated under the Gen-
eral 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 Mary-
land as now required by law, the bonus tax to be computed on
the sum of Nine hundred and seventy-five thousand ($975,000)
dollars, and certificates showing the authorization of the. issue
of such increase of such capital stock signed by the President
with the corporate seal of said company affixed, attested by its
Secretary, shall likewise be filed with said Tax Commissioner;
and before issuing the amount of said authorized increased capi-
tal stock from One million ($1,000,000) dollars, to three million
five hundred thousand dollars ($3,500,000) as provided in Sec-
tion 2 of this Act, shall likewise file a certificate of such author-
ized increase, or part '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 stockholders, and which said certificate or certificates
shall be signed by the Chairman and Secretary of such meet-
ing or meetings, with the corporate seal of said company
affixed.

6. The said Company or its duty authorized agent or agents,
may contract and agree with the owner or owners, whether in-
dividuals, 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 powers, ob-
jects and purposes or any of the same; and if they cannot
agree, or if the owner or owners, or any of them, be an infant,
trustee, feme covert, who is not possessed of the property to
her sole and separate use, and authorized to contract for the
same, or non compos mentis, or for any other cause be legally
incapable of contracting, or out of the country in which such
property may lie when such property may be wanted, said com-
pany is hereby authorized and empowered to acquire the same

 

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Session Laws, 1914
Volume 533, Page 1354   View pdf image (33K)
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