Maryland Reports; Cases Adjudged in the Court of Appeals of Maryland Volume 75

Maryland Reports; Cases Adjudged in the Court of Appeals of Maryland Volume 75

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1893 edition. Excerpt: ... the Acts of the General Assembly of 1872 was passed the Act entitled "An Act to incorporate the. Baltimore, Hampden and Lake Roland Railroad Company." The first section of the Act names certain persons as commissioners to take subscriptions to the capital stock of the company; and in case of the death, resignation or refusal to serve of any of the persons named as commissioners, a majority of the remaining commissioners were given authority to appoint others. By the second section of the Act the subscribers to the stock, and their successors and assigns, are declared incorporated into a company by the name of "Baltimore, Hampden and Lake Roland Railroad Com Bonaparte vs. Balto. Hampden & Lake Roland R. R. Co., et al.. pany, ' with perpetual succession under that name, with power of holding, purchasing, and encumbering property for the purposes of the corporation. The third section makes the capital stock of the company to consist of shares not exceeding two thousand in number, of the value of fifty dollars per share; five dollars of which was to be paid at the time of sub scription, and the residue in such instalments as the president and directors should determine. By the fourth section, as soon as five hundred shares should be subscribed, the commissioners to take the subscriptions, were authorized by publishing notice as prescribed, to call a meeting for the election of seven directors, who on being elected should elect a president, for whose qualification the fifth section provides. The sixth section gives the company thus incorporated power to construct a. railroad with one or two tracks, and necessary sidings for the transportation of travelers or freight by horse power, and gives the company the...
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Product details

  • Paperback | 226 pages
  • 189 x 246 x 12mm | 413g
  • United States
  • English
  • black & white illustrations
  • 1236837819
  • 9781236837813