E. LOUIS LOWE, ESQUIRE, GOVERNOR.

1852.

CHAPTER 359.

AN ACT amendatory of an Act, entitled, an Act to
Incorporate the Parker Vein Coal Company, pass-
ed at December Session, eighteen hundred and
forty-nine, chapter fifty-six.

CHAP. 359.

Passed May
31, 1852.

WHEREAS, the original act of which this is amenda-
tory, fixed the capital stock of the Parker Vein Coal
Company, at one hundred thousand dollars, divided
into shares of one hundred dollars each; And whereas,
the said company are desirous of increasing said capital
stock, from one hundred thousand dollars, to five hun-
dred thousand dollars, to be divided into shares of one
hundred dollars each, in addition to the present capital
stock of said company; Therefore,

Preamble.

SECTION 1. Be it enacted by the General Assem-
bly of Maryland, That the Parker Vein Coal Com-
pany, be, and they are hereby allowed to increase the
capital stock of said company to, from one hundred
thousand to five hundred thousand dollars, in addition
to their present capital stock, which shall be divided
into shares of one hundred dollars each.

Allowed to
increase capi-
tal stock.

SEC. 2. And be it enacted, That the president and
directors of said company shall be authorised to receive
additional subscriptions to their said stock, as provided
by the first section of this act, at such times and places
as they or a majority of them may designate.

SEC. 3. And be it enacted, That the said Parker
Vein Coal Company may, and they are hereby autho-
rised to hold property, real, personal, and mixed, to
the value of one million of dollars; Provided, said
company shall at no time hold more than three thou-
sand acres of land.

Authority to
receive addi-
tional sub-
scriptions.

Authority to
hold property.

Proviso.

SEC. 4. And be it enacted, That the Parker Vein
Coal Company may, and they are hereby authorised
to subscribe to the capital stock of the Wellersburg
and Jennings Run Rail Road Company, or any other
company, or any other company which may be here-
after incorporated by the General Assembly of Mary-
land, to construct a rail road from the Pennsylvania
State Line, to intersect the Mount Savage Rail Road,
and which may cross over the lands owned by said Par-
ker Vein Coal Company, and may sell or subscribe a
part or the whole of their subscription to the stock of
such company, all or any part of the railroad now
owned by the Parker Vein Coal Company.

Authority to
subscribe to
capital stock

of other com-
panies.