1852.

LAWS OF MARYLAND.

CHAP. 326.

President and
directors to
appoint offi-
cers.

SEC. 8. And be it enacted, That the said president
and directors, or a majority of them, may appoint all such

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

of all such officers in the employ of said company, and
to determine the manner of adjusting and settling all ac-
counts against said company, and also the manner and
evidence of the transfer of stock in said company, and
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 by-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.

Increase of
capital stock.

SEC. 9. And be it enacted, That if the capital stock
of said company shall be deemed insufficient for the
purposes of this act, then, and in that case, 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 exceed-
ing fifty thousand shares, for which they may cause
subscriptions to be received, giving notice as aforesaid.

Stockholder
liable to
amount of un-
paid stock, for
debts of co.

Jointly liable
for debts ow-
ing to labor-
ers.

SEC. 10. And be it enacted, That each stockholder
of said company, shall be individually liable to the cre-
ditors of said company, to an amount equal to the
amount unpaid on the stock held by himself, for all the
debts and liabilities of such company, until the whole
amount of the capital stock so held by him, shall have
been paid to the company; and all the stockholders of
said company, shall be jointly and severally liable for
all the debts clue or owing to any of its laborers and ser-
vants, for services performed for said corporation, but
shall not be liable to any action therefor, before an
execution shall be returned unsatisfied, in whole or in
part, against said company, and then the amount due
on such execution shall be the amount recoverable, with
costs against the stockholders.

Company li-
able to pay la-
borer for
amount due
him by con-
tractor, &c.

SEC. 11. And be it enacted, That as often as any
contractor for the construction of any part of said rail
road, shall be indebted to any laborer, for thirty or any
less number of day's labor performed in constructing
said road, such laborer may give notice of such indebt-
ness to said company, in the manner herein provided,
and said company shall become liable to pay such