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Session Laws, 1847
Volume 612, Page 212   View pdf image
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PHILIP F. THOMAS, ESQUIRE, GOVERNOR.

1847.

CHAPTER 203.

An act entitled, an act to incorporate the Cambridge and
Blackwater Rail Road company.

CHAP. 203.

Passed.
March 1, 1848.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That Thomas H. Hicks, Thomas J. Dail,
Junior, Samuel D. Lecompte, Vachel Straughn, Joseph
E. Muse, Junior, James Wallace, Levin Mowbray,
Lewis Ross and Martin L. Wright be and they are
hereby appointed commissioners under the direction of
whom subscriptions may be received to the capital stock
of the Cambridge and Blackwater rail road company
hereby incorporated, and they, or a majority of them,

Commission-
ers appointed.

may cause books to be opened at such times and places
as they may direct for the purpose of receiving sub-
scriptions to the said capital stock of said company,
after having given such notice of the times and places
of opening the same as they may deem proper, and if
such a subscription to the capital stock of said compa-
ny as is necessary for its incorporation be not previous-
ly obtained, the said books may be opened from time to
time during the period of two years from the passage of
this act at the discretion of said commissioners, or a
majority of them, and if any of the said commissioners

Books to be
opened.

shall die or refuse to act during the continuance of the
duties devolved upon them by this act, another may be
appointed in his stead by the remaining commissioners,
or a majority of them.

Vacancies—
how filled.

SEC. 2. And be it enacted, That the capital stock
of the Cambridge and Blackwater rail road company
shall be twenty thousand dollars in shares of ten dol-
lars each, which said capital may be increased at the
discretion of the commissioners or the directors to be
appointed as hereinafter provided for to any amount
not exceeding fifty thousand dollars, and as soon as two
hundred shares of the capital stock shall be subscribed,
the subscribers of the said stock, their successors and

Capital stock.

assigns shall be and they are hereby declared to be in-
corporated into a company by the name of the Cam-

bridge and Blackwater rail road company, and by that
name shall be capable in law of purchasing, holding,
selling, leasing and conveying estates, real, personal
and mixed so far as shall be necessary for the purpose
hereinafter mentioned and no further, and shall have
perpetual succession by said corporate name, may sue
and be sued, and may have and use a common seal
which they shall have power to alter or renew at their
pleasure, and shall have, enjoy and may exercise all the

Name and
style.

Corporate
powers, &c.



 
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Session Laws, 1847
Volume 612, Page 212   View pdf image
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