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President and Directors of the Elkton and Sassafras
River Railroad Company, the sum of fifty dollars for
each and every share of stock set opposite to our
respective names, in such manner and proportions,
and at such times as shall be determined by the
president and directors of said company, in pursuance
of an act of the General Assembly of the State of Ma-
ryland entitled, an act to incorporate the Elkton and
Sassafras River Railroad Company; witness our
hands this day of in the year of our
Lord one thousand eight hundred and fifty and
the said commissioners after giving such notice as to
them shall seem proper, shall permit all persons of
lawful age who shall offer to subscribe on the said
books in their own names, or in the name of any other
person or company who shall authorise the same, for
any number of shares in the said stock, and if any of
the said commissioners shall die or decline to act be-
fore the fulfilment of the duties devolved upon them
by this act, others may be appointed in their stead by
the remaining commissioners or a majority of them.
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Incorporated.
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SEC. 2. Be it enacted, That when, as soon as
five hundred shares of said stock shall be subscribed,
their successors and assigns, shall be and they are
hereby declared to be incorporated by the name and
style of the Elkton and Sassafras River Railroad
Company, and by that name shall have perpetual suc-
cession and be capable in law of purchasing, receiv-
ing, holding, using, selling, leasing, mortgaging and
conveying goods and chattels, lands, tenements, and
hereditaments, and all estate, real, personal and mixed,
of what kind or quality soever, may sue and be sued,
plead and be impleaded in all the 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 necessary for the government of said
corporation, not repugnant to the Constitution and
laws of this State and of the United States, and gen-
erally may do all and singular the mutters and things,
and exercise and enjoy all rights, powers and priv-
ileges, which to them may properly appertain for the
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Proviso.
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well being and ordering of the said corporation, Pro-
vided, that nothing herein contained shall be construed
as in any way giving to the said corporation any
banking privileges whatsoever, or any other powers
or privileges than such as are necessary or incident to
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