THOMAS G. PRATT, ESQUIRE, GOVERNOR.

1846.

to the completion and construction of the branch of said
rail road specified, mentioned and authorised by the art
to which this is a supplement, and the said books shall be
opened at such times and places and from time to time
kept open or closed as the said president and directors
shall prescribe or determine, and the terms of subscrip-
tion, payments by instalments, forfeiture of stock for non-
payments of instalments, power to release forfeitures and
require and recover instalments, shall in all respects be
the same as are prescribed, granted and given in the
charter of the said company and the act to which this is
a supplement.

CHAP. 361.

SEC. 2. And be it enacted, That the President and Di-
rectors of the Baltimore and Susquehanna Rail Road
Company shall be, and they hereby are authorised and
empowered to borrow from time to time, any sum or sums
of money which in addition to the stock subscribed as
authorised by this ad, shall be necessary to effect the
construction and completion. of the branch or lateral rail
road aforesaid, and to place thereon the necessary cars
and motive power for travelling and transportation; and
the said president and directors are also hereby autho-
rised and empowered to pledge all the right, title, inter-
est, property, claim and funds of the said company, of,
in and to the said branch or lateral rail road as a securi-
ty for the payment of any and every sum of money so
borrowed and the interest thereon.

President and
Directors may
borrow money

SEC. 3. And be it enacted, That the additional shares
of stock which shall be subscribed and paid as authoris-
ed and provided for by this act, shall form a capital sep-
arate and distinct from all the other capita] of the said
company upon which the nett profits derived from the
use of the said branch or lateral rail road, shall be di-
vided and the said nett profits reserving not more than
cue per cent, for contingencies shall be divided semi-an-
nually in just and equal proportions, and paid over to
the individuals or corporations holding said capital
stock; provided however, that no dividend of the profits
shall be made until the said branch or lateral rail road shall
have been constructed and completed for at least one-
half of the distance from its present beginning on the
main stem of the Baltimore and Susquehanna rail road
to the town of Westminster, in Carroll county.

Additional
shares to form
separate capi-
tal.

SEC. 4. And be it enacted. That the president and di-
rectors of the said company, shall have full power and
authority to contract for the sale, transfer and convey-
ance, and to sell, transfer and convey ah their right, ti-

President and
Directors have
full power.