|
CHAP. 229.
|
proprietors, of not less than one-fifth part of the capital
stock of said company, by giving, ten days notice thereof
in one or more newspapers published in Cumberland or
Baltimore, of the object or objects of said meeting; and in
any and every meeting of the stockholders, except for the
|
|
|
Quorum.
Object.
|
election of president and directors, a quorum for the trans-
action of business, shall be the owners and representatives
of at least a major part of the stock of said company; and
every such meeting, stockholders shall have power to
pass anew, alter or repeal by-laws or resolutions, which
shall be binding on the officers and agents of said company,
and shall also have power to require settlements, statements
and accounts relating to the business of said company, from
officers and agents in their employment, and may also dis-
miss any president, director, officer or agent, and appoint
others in their stead.
|
|
|
Invested with
rights, &c. of
Balt. and Ohio
Rail Road co.
Proviso.
|
SEC. 6. And be it enacted. That for the purpose of
enabling the said company to transport the produce
of their mines and the produce of the counties through
which their Rail Road shall pass, in the cheapest and
most expeditious manner, the said company and the pre-
sident and directors thereof, shall be and they are
hereby respectively invested with all and singular the
rights, powers, privileges, authorities, immunities and ad-
vantages for the surveying, locating, establishing and con-
structing a rail road, and its necessary appurtenances, begin-
ning the same at the mines of the said company, and running
to a convenient point or points on the basin or canal of the
Chesapeake and Ohio Canal Company, at or near the town
of Cumberland, or Western Port, in this State, and for the
using, preserving and controlling the said Rail Road, its
necessary vehicles and appurtenances, and every part there-
of, or borrowing money on the credit of the company, for
its lawful purposes, which by the act incorporating the
Baltimore and Ohio Rail Road Company, and its several
supplements, were for the lawful purposes of said compa-
ny, and the benefit of its corporations, given, granted, au-
thorised and secured to said company, and its president and
directors respectfully, as fully and perfectly as if the same
were herein severally repeated; provided, that it shall not be
lawful for the said Potomac Coal and Iron Company to oc-
cupy or use any portion of the lands that may be necessary
for the accommodation of the canal and works of the Che-
sapeake and Ohio Canal Company, or for the main route of
the Baltimore and Ohio Rail Road, or that may be within
the limits of either of the public roads there now existing,
except to cross these roads without injury to the same; and
|
|