T. WATKINS LIGON, ESQUIRE, GOVERNOR.

107

CHAPTER 107.

AN ACT to authorise the Potomac Bridge company, to
increase the amount of capital stock thereof.

Passed
Mar. 8, 1854.

SECTION 1. Be it enacted by the General Assembly
of Maryland, That the Potomac Bridge company, be,
and it is hereby authorised and empowered, to increase
the capital stock of said company to an amount not
exceeding eight thousand dollars, in addition to its pres-
ent capital stock, to be divided into shares of fifty dol-
lars each.

Authority to
increase the
stock.

SEC. 2. And be it enacted, That the said company
be, and it is hereby authorised, to sell and dispose of
said additional stock at such times and in such manner,
as the interest of said company may require, the pro-
ceeds thereof to form part of the capital stock of said
company.

Authority to

sell.

SEC. 3. And be it enacted, That the holder or hold-
ers of the said additional stock, shall be entitled to all
the rights and privileges of original stockholders.

Rights and
privileges.

SEC. 4. And be it enacted, That the said additional
stock, or any part thereof, may, with the consent of said
company, be taken and subscribed for by the State of
Virginia, in such manner as the said State by its legis-
lative enactments, or otherwise, may order and direct, to
be paid for in such instalments as the Potomac Bridge
company shall order and direct.

State of Vir-
ginia may sub-
scribe.

SEC. 5. And be it enacted, That the said Potomac
Bridge company may dispose of, or suffer said additional
stock to be taken and subscribed for as aforesaid, with-
out giving any previous public notice of the time of
such disposition, or taking and subscribing for the same.

Notice.

SEC. 6. And be it enacted, That this act shall take
effect from the date of its passage.

In force.

SEC. 7. And be it enacted, That the Legislature
reserves to itself the right to alter, amend or repeal this
act at pleasure.

Reservation.