230

LAWS OP MARYLAND.

Kent County Railroad Company," and by that name
shall have perpetual succession, and be capable in
law of purchasing, receiving, holding, using, selling,
leasing, mortgaging and conveying goods and chat-
tels, lands, tenements, and hereditaments, and all es-
tate, real, personal and mixed, of whatsoever kind or
quality; may sue and be sued, plead and be impleaded,
in all courts of this State; may make, have, and use
a common seal, and the same may alter or renew at
pleasure, and also may ordain, establish and enforce,
such by-laws and regulations as they shall deem ne-
cessary for the government of said corporation, not
repugnant to the Constitution and Laws of this State,
and of the United States, and generally may do all
and singular, the matters and things, and exercise and
enjoy all rights, powers, and privileges, which to-
gether may properly appertain for the well being and

Proviso.

ordering of the said corporation; Provided, that noth-
ing herein contained, shall lie construed as in any
way giving to the said corporation any banking
privileges whatsoever, or any other powers or priv-
ileges, than such as are necessary or incident to the
making and proper management of the railroad men-
tioned in this act.

President and
Directors to be
chosen.

SEC. 3. And be it enacted, That the commission-
ers aforesaid, shall as soon as conveniently may be,
after one thousand shares shall be subscribed as afore-
said, give notice in the newspapers published in
Chestertown, and in such other newspapers as they
may deem proper, at least twenty days notice of the
time, for the subscribers to meet in Chestertown to
organize the said company, and to choose by a majority
of votes of the said subscribers by ballot, to be given in
person or by proxy, one president and seven direc-
tors, a majority of whom shall be residents of the State
of Maryland, a treasurer, and such other officers as
shall be deemed necessary; and the president and di-
rectors aforesaid, being first sworn well and faith-
fully to discharge the trust reposed in them, shall
conduct the business and manage the concerns of the
said company until the second Monday of May
thereafter, and until like officers are chosen to succeed
them, and may make and enforce the by-laws, rules
and regulations provided for by the second section of
this act.

Meetings.

SEC. 4. And be it enacted. That the stockholders
shall meet on the second Monday of May next after
the organization of said company, provided for by the