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Shall choose a
President.
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SEC. 7. And be it enacted, That the Directors
of said company, three of whom shall always con-
stitute 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
power and authority and perform such duties as
President as may be prescribed by the by-laws of
said company, and the said Directors shall have
power to appoint and remove 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 neces-
sary and expedient, any deed or deeds of mortgage
as security for the fulfillment by said company of
any of its contracts or other liabilites.
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Intellect with
power and au-
thority.
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SEC. 8. And be it enacted, That the said com-
pany be and is hereby invested with all and sin-
gular, the rights, powers and authority, which
are necessary to enable it to locate, construct and
maintain such railroad or railroads as the Direc-
tors may deem necessary for the convenient trans-
action of its business, beginning at or near the
mines of said company and running to such point
or points in Allegany county, as will enable said
company to connect the same with any other rail-
road 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 rail-
roads with any other railroad now constructed or
to be constructed thereon; and in lieu of construct-
ing any such railroads as herein authorised, or in
addition thereto, the said company may purchase,
lease, hold and maintain any other railroad or
railroads or other roads or ways, water courses or
channels of transportation already constructed or
hereafter to be constructed, with all the rights,
powers and franchise connected therewith.
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