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Session Laws, 1852
Volume 615, Page 311   View pdf image
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1852.

LAWS OF MARYLAND.

CHAP. 304

this section, unless the same is commenced within thirty
days after notice is given to the company, by such
laborer as above provided.

President and
directors to
appoint offi-
cers.

SEC. 12. And be it enacted, That the president and
directors, or a majority of them, may appoint all such

officers, engineers, agents or servants whatsoever, us
they may deem necessary for the transaction of the bu-
siness of the company, and may remove any of them
at their pleasure; that they, or a majority of them, shall
have power to determine by contract, the compensation

of all the engineers, officers, agents or servants, in the
employ of said company, and to determine by their
bye-laws the manner of adjusting; and settling all ac-
counts against the company, and also the manner and
evidence of transfer of stock in said company, and that
they, or a majority of them, shall have power to pass
all bye-laws which they may deem necessary or proper,
for exercising all the powers vested in the company
hereby incorporated, and for carrying the objects of this

Proviso.

act into effect; Provided only, that such bye-laws shall
not be contrary to the laws of the United States, or the
laws of this State, or any of the provisions of this act.

May increase
capital stock.

SEC. 13. And be it enacted, That if the capital stock

of the said company shall be deemed insufficient for the
purpose of this act, it shall and may be lawful for the
president and directors of said company, or a majority

of them, from time to time, to increase the said capital
stock, by the addition of as many shares as they may
deem necessary, not exceeding in amount one million

of dollars, for which they may at their option, cause
subscriptions to be received, giving notice in the manner
herein before prescribed.

Powers of pre-
sident and di-
rectors in re-
gard to con-
struction of
road.

SEC. 14. And be it enacted, That the president and
directors of said company, shall be and they are hereby
invested with all the rights and powers necessary for the
construction and repair of a tail road, either from the
City of Baltimore, or from some suitable point on the
Baltimore and Susquehanna rail road, or any branch of
the same, to be by the president and directors of said
company determined, to the town of Westminster, and
thence westwardly, to some point on the Monocacy
river in the direction of Hagerstown, not exceeding
sixty-six feet wide, with as many set of tracks as the
said president and directors may deem necessary, and
they may cause to be made, or contract with others for
making said rail road, or any part of it, and they, their
agents, or those with whom they may contract for mak-
ing any part of the same, or their agents, after the pur-
chase or condemnation thereof, in the manner here-



 
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Session Laws, 1852
Volume 615, Page 311   View pdf image
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