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structing of such railroad or railroads, and for the
working, repairing, preserving and controlling the
same, and the necessary vehicles and appurtenances
thereto belonging, and every part thereof; which by
the act, and more particularly the fifteenth section
thereof, incorporating the Baltimore and Ohio rail-
road, and its several supplements were for the law-
ful purposes of said company and the benefit of its
corporators, given, granted, authorised and secured
to the said company, and to the president and di-
rectors thereof respectively, as fully and particularly
as if the same were herein repeated; and in lieu of
constructing any such railroad or railroads, as are
hereinbefore authorised, or in addition thereto, the
said company may purchase, lease, hold and main-
tain any other railroad or railroads, or other roads
or ways, water courses or channel of transportation,
already constructed or hereafter to be constructed,
with all the rights, powers and franchises connected
therewith; and it shall also be lawful for said com-
pany to own and navigate such canal boats, steam-
boats and sailing vessels, as it may desire in con-
nection with its business; and to subscribe for and
take stock in any navigation, canal and railroad
company, it may deem expedient; and, the said
company hereby incorporated, shall transport upon
any railroad or railroads which the said company
may construct under the provisions of this act; and
also upon any railroad or railroads which it may
purchase as hereinbefore authorised, all persons
and property at the same rates of toll and prices of
transportation, as the Baltimore and Ohio Railroad
company are or shall be by law authorised to charge
and receive.
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CHAP. 265.
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SEC. 7. And be it enacted, That in receiving sub-
scriptions to the capital stock of said company, if
the persons named in the first section of this act or
a majority of them, shall think it advisable so to
do, it shall and may be lawful for the said persons
to divide the said stock into a preferred stock, and
a common general stock, and to fix the amount
which shall be subscribed as a preferred stock which
shall never thereafter be increased without the
unanimous consent of all the stockholders, both
preferred and general, in said company, and such
preferred stock, in case the same shall be subscribed
tor under this section, shall at all times be entitled
to receive dividends to the extent of six per centum
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Preferred
stock, &c.
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