THOMAS H. HICKS, ESQUIRE, GOVERNOR.

133

Company, it shall be the duty of the President
and Directors in office for the preceding year, to
exhibit a clear and distinct statement of the af-
fairs of the Company; that at any called meet-
ing of the stockholders, a majority of those pre-
sent may require similar statements from the
President and Directors, whose duty it shall be
to furnish them when thus required; and at all
general meetings of the stockholders a majority
in value of all stockholders in said Company,
may remove from office any President, or any of
the Directors of said Company, and may appoint
others in their stead.

SEC. 10. And be it enacted, That if the capi-
tal stock of said Company shall be deemed insuf-
ficient for the purposes of this act, then and in
that case, it shall and may be lawful for the Pre-
sident and Directors of said Company, or a ma-
jority of them, from time to time, to increase the
said capital stock by the addition of as many
shares as they may deem necessary, not exceed-
ing twelve thousand shares, for which they may
cause subscriptions to be received, giving notice
as aforesaid.

Capital stock
may be increas-
ed.

SEC. 11. And be it, enacted, That the President
and Directors shall have power to lay off and
construct a railroad not exceeding eighty feet in
width, with one or more sets of tracks from Port
Deposit, in Cecil county, to the Pennsylvania and
Maryland line, so as to connect with a contem-
plated railroad in the State of Pennsylvania,
from Columbia to the said Pennsylvania and
Maryland line, and for the purpose of laying off
and constructing the said road, they shall have all
the powers and privileges, and be subject to all
the restrictions and liabilities hereinafter de-
scribed, and they may take and adopt the route
which to them may seem most suitable and pro-
per.

Authority to
construct rail-
road.

SEC. 12. And be it enacted, That the President
and Directors of the said Company, shall be, and
they are hereby invested with all the rights and
powers necessary for the repairs' of said railroad,
and also with power to decide on as many lateral
ways to run from the main stem of the road
hereby intended, at some suitable point or points
thereof to be by them determined, not exceeding

Invested with
rights and pow-
ers.