T. WATKINS LIGON, ESQUIRE, GOVERNOR.

547

shall have and exercise all the powers and authority
given them by this act, and such other powers and
authority, not inconsistent with the provisions of
this act, as may be conferred upon them by the res-
olutions and by-laws of said company.

SEC. 7. And be it enacted, That the directors of
said company, three of whom shall always constitute
a quorum for the transaction of business, shall select
one of their own number to act as President of said
company, who shall have such powers and authority
and perform such duties as President, as may be pre-
scribed by the by-laws of said company; and the
said directors shall have power to appoint and re-
move all officers, agents and servants of the said
company, to manage and conduct all its business of
every kind, to borrow money at any time, and from
time to time, as in their judgment the exigencies of
the company may require, and to execute, if deemed
by them necessary and expedient, any deed or deeds
ot mortgage as security for the fulfilment by said
company of any of its contracts or other liabilities.

Directors to
elect officers.

SEC. 8. And be it enacted, That that the said com-
pany be and is hereby invested with and singular
the rights, powers and authority which are necessary
to enable it to locate, construct and maintain such
railroad or railroads as the directors may deem neces-
sary for the convenient transaction of its business,
beginning at or near the mines of said company,
and running to such point or points in Washington
county, as will enable said company to connect the
same with any other railroad now constructed, or
which may hereafter be constructed, and may at any
point on its own lands, or upon any other lands which
it may acquire by gift, purchase, or condemnation,
connect such railroads with any other railroad now
constructed or to be constructed thereon, and in lieu
ot constructing any such railroads as herein author-
ised, or in addition thereto, the said company may
purchase, lease, hold and maintain, any other rail-
road or railroads, or other roads or ways, water-
courses or channels of transportation, already con-
structed or hereafter to be constructed, with all the
rights, powers and franchises connected therewith.

Rights and
privileges.

SEC. 9. And be it enacted, That the said company
in locating and constructing any railroad or railroads
authorised by this act, shall have the right, if they
cannot agree with the owners of any land, earth,
gravel, stone or materials wanted for the construc-

Manner of pro-
ceeding in case
of a condem-
nation.