T. HOLLIDAY HICKS, ESQ., GOVERNOR.

1860.

and an increase of the capital stock of said Hil-
len Road company: therefore,

CHAP. 51.

SECTION 1. Be it enacted by the General Assembly
of Maryland That the capital stock of the Hillen
Road Company of Baltimore county shall consist
of an amount not exceeding three hundred thousand
dollars, and shall be divided into fifteen thousand
shares, which additional stock shall be subscribed
for, by each and every subscriber thereto, paying
at the time of his or her subscription, to the trea-
surer of said company, the sum of one dollar in the
manner provided for in the act to which this is a
supplement.

Capital stock.

SEC. 2. And be it enacted, That if, in the judg-
ment of the board of directors of said corporation,
it may deemed expedient, instead of confining the
construction of said road as contemplated by the
third section of the act to which this a supplement,
to McAdamizing, paving with gravel, or covering
the same with plank, also to construct and lay down
a railway of iron or other material; that then the
said corporation is hereby authorised to construct
such a railway, commencing the same within Bal-
timore county, at or near such point or part of the
limits of the city of Baltimore, as may be deemed
advisable, and as may be agreed to by the owners
of property within said county, located at and next
adjoining to said place of commencement, and said
railroad therefrom, to make and construct, through
the property of such persons as may agree thereto,
to the said Hillen road, and then upon the bed or
a portion of said road to Towsontown.

Power to con-
struct rail-
way.

SEC. 3. And be it enacted, That if said corpora-
tion shall not be able, within three months after
the passage of this act, to obtain, by subscription
to the capital stock of said company, sufficient funds
for the construction of such road or roads as the
board of directors may determine upon, the said
company in its discretion shall have the right to
raise the money necessary for the construction of
said road, by means of a loan, and for that purpose
to mortgage the property of the corporation, the
road and franchise, for any sum not exceeding two
hundred thousand dollars, and to issue bonds se-
cured by said mortgage, payable at such time as
the board of directors may determine, and bearing
interest not exceeding six per cent. per annum,

Right to bor-
row money.