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Session Laws, 1847
Volume 612, Page 353   View pdf image
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1847.

LAWS OF MARYLAND.

CHAP. 296.

Annual and
special meet-
ings.

SEC. 5. And be it enacted, That a meeting of the
stockholders shall be held annually at such time and
place as shall be established by the bye-laws, and it shall
be the duty of the president and directors at said meet-
ing to make a report of the condition and affairs of said
corporation, and a special meeting of said stockholders
may be called at any time by a majority of the directors
or by one or more stockholders who shall represent
one-fifth part of said capital stock, of which meeting,
ten days previous notice, staling the object thereof, shall
be given in some newspaper printed in the said town of
Cumberland, and at all meetings of the stockholders
the owners or representatives of a major part of the
capital stock shall constitute a quorum for the transac-
tion of business; and shall have power to pass, amend,
alter or repeal the bye-laws, and to remove from office
any director, officer or agent of said corporation and to
appoint others in their stead.

To construct
rail road, and
keep the same
in repair.

SEC. 6. And be it enacted, That for the purpose of
enabling said corporation to transport the produce of
its mines and manufactories to market and elsewhere in
the cheapest and most expeditious manner, the said corpo-
ration and the president and directors thereof shall be and
are respectively invested with all and singular the rights,
profits, powers, privileges, authorities, immunities and
advantages for the surveying, locating, establishing and
constructing a rail road or rail roads with the necessary
appurtenances, beginning the same at or near the mines
or manufactories of the said corporation, and running to a
convenient point or points at or near the town of Cum-
berland, or to such other point or points as may best-
suit the convenience and interest of said corporation,
and for the using, preserving and controlling the said

rail road or rail loads and the necessary vehicles and
appurtenances thereto belonging, and every part thereof,
which by the act, and more particularly the fifteenth
section thereof, incorporating the Baltimore and Ohio
railroad company and its several supplements, were for
the lawful purposes of said company and the benefit of
its corporator given, granted, authorised and secured
to the said company, and to the president and directors
respectively, as fully and perfectly as if the same were

Provisoes.

herein repeated; provided, that it shall not be lawful for
the Buena Vista Coal company to occupy or use any
portion of the lands that may be necessary for the ac-
commodation of the canal and works of the Chesapeake
and Ohio canal company, or for the main route of the
Baltimore and Ohio rail road, or that may be within the



 
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Session Laws, 1847
Volume 612, Page 353   View pdf image
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