124

LAWS OF MARYLAND.

director, officer or agent of said corporation and appoint
another in his stead.

Vested rights.

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 George's Creek Coal and Iron Company Rail
Road, or the Baltimore and Ohio Rail Road Company,
or to such other point or points as may best suit the con-
venience and interest of said corporation, and for the
using, preserving and controlling the said railroad 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 section
thereof, incorporating the Baltimore and Ohio Rail Road
Company, and its several supplements, were for the
lawful purpose of said company, and the benefit of its
corporators given, granted, authorised and secured to
the said company, and to the president and directors re-
spectively us fully and perfectly as if the same were
herein repeated.

Forfeiture.

SEC. 7. And be it enacted, That if any subscriber
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 sub-
scriber, 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 slock on which
such assessment or instalment is demanded shall be for-
feited to the said company, and may be sold by the said
president and directors, or a majority of them may re-
mit such forfeiture, on such terms as they shall deem
proper.

Banking for-
bid.

SEC. 8. And be it enacted, That nothing in this act
shall be so construed as to authorise the said corpora-
tion to issue any note, token, device, scrip or other evi-
dence of debt, to be used as a currency.