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Session Laws, 1845
Volume 610, Page 491   View pdf image
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INDEX.

1845.

Chap.

Sec.

BALTIMORE AND SUSQUEHANNA RAIL

ROAD COMPANY—

Nothing in this act to be construed as

waiving State's prior lien, &c.

"

5

The president, &c. of the, authorised

to open books for additional shares of the

capital stock of the company, &c. to be

applied exclusively to the completion of the

branch of said road, mentioned etc. by the

act to authorise said company to construct

a lateral rail road to Westminster, &c.

361

1

Authorised to borrow money from time

to time, which in addition to stock sub-

scribed, shall be necessary to effect the

construction, &c of said road and to place

on the necessary cars, &c. to pledge the

right, &c. of said company to the said

branch as security, &c.

"

2

Additional shares subscribed, &c. to

form a capital distinct from all other capi-

tal of said company upon which the nett

profits shall be divided, &c.

"

3

The president, &c. to contract for the

sale, &c. and to sell, &c. all their right,

&c. to said branch, &c. if such sale should

be deemed advisable to insure its comple-

tion, &c. purchasers to have all the rights,

of Baltimore and Susquehanna rail road,

&c no transfer until said branch is complet-

ed at least one-half of the distance from

its present beginning, &c.

"

4

If the president, &c. should deem it ad-

visable that said road be constructed by a

new company distinct from the present,

they are empowered to convene the share-

holders, &c. giving notice of place, &c. of

meeting and if said shareholders sign a

written instrument and consent to become

a corporate body, &c. then they become

so, &c.

"

5

Seven Directors, to be chosen to con-

tinue the succession of the Baltimore and

Westminster R. R. Co.

6

As soon as said Baltimore and West-

minster R. R. Co, becomes a corporate body



 
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Session Laws, 1845
Volume 610, Page 491   View pdf image
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