PHILIP F. THOMAS, ESQUIRE, GOVERNOR.

1849.

one-fifth part of said capital stock, of which meeting ten
days previous notice, stating 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 stock,
shall constitute a quorum for the transaction of business,
and shall have power to pass, amend, alter, or repeal
the bye-taws, and remove from office any director, offi-
cer or agent of said corporation, and to appoint others
in their stead.

CHAP. 153.

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 cor-
poration, and the president and directors thereof, shall
be and are hereby respectively invested with all and
singular the rights, profits, powers, privileges, authori-
ties, immunities and advantages for the surveying, lo-
cating, establishing and constructing a rail road or rail
roads, with the necessary appurtenances, beginning the
same at or near the mines, or manufactories of said cor-
poration, and running to a convenient point or points,
at or near the works of the Potomac Navigation compa-
ny, or the Baltimore and Ohio rail road company, or to
such other point or points as may best suit the conveni-
ence and interest of said corporation, and for the using,
preserving and controlling the said rail road or rail roads,
and the necessary vehicles and appurtenances thereto
belonging, and every part thereof, which by the act, and
more particularly the fifteenth section thereof, incorpora-
ting the Baltimore and Ohio rail road company, and its
several supplements, were for the lawful purposes of
said company, and the benefit of its corporators 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 herein repeated.

Corporate
powers.

SEC. 7. And be it enacted, That if any subscribers to
the capital stock of said corporation, or any person or
corporation who may become entitled to any share or
shares of such capital stock, shall fail or neglect to pay
any assessment or instalment which may be required or
demanded to be paid by the president and directors of
said corporation, or a majority of them, on the share or
shares of stock subscribed for or owned by such subscri-
ber, person or corporation, for the space of sixty days
next after such assessment or instalment shall be de-
manded and made due and payable, the stock on which
such assessment or instalment is demanded, shall be for-
feited to the said company, and may be sold by the said

May establish
regulations.