THOMAS H. HICKS, ESQUIRE, GOVERNOR.

169

SEC. 4. And be it enacted, That nothing herein
contained shall be so construed, as to authorise or
empower said corporation to issue any note, certi-
ficate, token or evidence of debt, to be used as cur-
rency, and the right is hereby expressly reserved
to the General Assembly of Maryland, at its plea-
sure to alter, amend or annul this act of incorpora-
tion.

CHAPTER 123.

Reservation.

AN ACT to amend the act entitled, an act to in-
corporate the Annapolis Marine Railway Com-
pany, passed January session, eighteen hundred
and fifty-four, chapter three hundred and six.

Passed March
4, 1858.

SECTION 1. Be it enacted by the General Assem-
bly of Maryland, That the Board of Directors of
the Annapolis Marine Railway Company, shall
have power and authority to cancel all subscrip-
tions which have been made to the capital stock
of said Company, where the subscribers have failed
to pay any of the instalments required of them,
and to declare the payments (if any,) previously
made by them, forfeited for the use of the Com-
pany; or else in their discretion to sue for and re-
cover the balance remaining due from any such
delinquent subscriber, in the same manner as
debts or claims of like amounts are recoverable by

Directors au-
thorised.

law; Provided however, that the Board of Direc-

tors, shall not exercise the power and authority
hereby conferred in any case, until after a further
call for payment shall have been made upon the
delinquent subscriber, and he shall have contin-
ued in default for a period of not less than thirty
days from the date of such call.

Proviso.

SEC. 2. And be it enacted, That this act shall
take effect from and after the date of its passage.

In force.