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Session Laws, 1845
Volume 610, Page 408   View pdf image
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THOMAS G. PRATT, ESQUIRE, GOVERNOR.

1845.

ballot, who shall have power to elect a president of
said company from amongst themselves or others, and
allow him such compensation lor his services as they
may deem proper, and in such election, and on all other
occasions when a vote of the stockholders of said com-
pany is to be taken, each stockholder shall be allowed
one vote for each share owned by it, him or her; and ev-
ery stockholder may depute any other person to vote and
act for it, him or her by proxy; and the commissioners
aforesaid, or a majority of them, shall be judges of the
said first election.

CHAP. 361.

SEC. 6. And be it enacted, That to continue the suc-
cession of the said Baltimore and Westminster Rail
Road Company, seven directors shall be chosen by the
stockholders of said company by ballot on the first day
of October, in every year, who shall have the same
power and authority as is given to the directors elected
by authority of the preceding section of this act.

Seven direc-
tors to be cho-
sen.

SEC. 7. And be it enacted, That so soon as the said
Baltimore and Westminster rail road company, shall be
and become a body corporate, and shall have duly or-
ganized according to the provisions of this act, they shall
have and be invested with the same corporate rights and
privileges as are now possessed and enjoyed by the Bal-
timore and Susquehanna rail road company; and the
President and Directors of the said Baltimore and West-
minster rail road company shall have power to contract
with the President and Directors of the said Baltimore
and Susquehanna rail road company, for the purchase of
all the right, title and interest of the said lust named
company, of, in and to the said branch or lateral rail road
upon such terms as the said two companies shall agree
upon, and upon such contract being made and conclud-
ed, shall have all the rights and powers now possessed
by the Baltimore and Susquehanna rail road company,
necessary and essential for the construction and comple-
tion of the said branch or lateral rail road; but the Pre-
sident and Directors of the said Baltimore and Susque-
hanna rail road company, shall make no transfer or con-
veyance of title in and to the said branch or lateral rail
road, to the said Baltimore and Westminster rail road
company, nor shall the said last named company be in-
vested with any title therein by virtue of any contract
made as aforesaid in pursuance of this act, until the said
branch or lateral rail road shall have been constructed
and completed for at least one-half the distance from its

Corporate
powers.



 
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Session Laws, 1845
Volume 610, Page 408   View pdf image
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