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Session Laws, 1847
Volume 612, Page 346   View pdf image
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PHILIP F. THOMAS, ESQUIRE, GOVERNOR.

1847.

lege is hereby reserved to the citizens of this State,or
any company now or hereafter to be incorporated under
the authority of this State, to connect with the rail road
hereby provided for any other rail road, if in the opinion
and judgment of the commissioners of Allegany county,
for the time being, passed upon full hearing of all the
parties interested, no prejudice would be done by such
connection to the rail road of said company; provided
always, that when any car shall be placed on said rail
road it be adapted in size and all necessary particular
to said rail road, and shall run on said rail road in ac-
cordance with the regulations of said company for run-
ning their cars, it shall be lawful for said company to
charge, demand and receive for all persons and property
transported on the said rail road which they are authorised
to make from their mines to the canal, the Potomac river
or any other intermediate points, the same rates of toll or
prices of transportation as the Baltimore and Ohio fail
road company are bylaw authorised to charge and receive;
and provided further, that the legislature of this State
may at any time hereafter regulate, modify or change
the control, use and estate of said rail road as shall be
constructed under the authority hereby given, in such
manner as it may deem equitable towards the said com-
pany, and necessary to the accommodation of the public
travel or use of said rail road.

CHAP. 291.

SEC. 7. And be it enacted, That the said president
and directors and their successors, or a majority of them,
shall have full power anil authority to appoint, employ and
compensate, and at their pleasure to remove such offi-
cers, agents or servants as they may deem necessary in
the business of the company, also to purchase and
hold such real or personal property, materials, vessels,
carriages, machinery, implements, privileges, casements
and franchise, and cause all such machinery, buildings
or other improvements to be made as they shall deem
necessary to cany into effect the objects of said com-
pany and the same or every pan thereof, and they shall
have power to sell, lease or otherwise dispose of the same
at their discretion, also to prescribe the mode of issuing
and transferring stock in said company and the evidence
thereof, and generally to do whatever they may deem
expedient for the interest of said company, the same
being in conformity with the objects of this act, and not
contrary to the laws of this State or of the United States,
nor to any bye-laws adopted at a general meeting of the
stockholders of said company.

Duties of di-
rectors.



 
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Session Laws, 1847
Volume 612, Page 346   View pdf image
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