460

LAWS OF MARYLAND.

Purposes.

which said company is hereby authorized to effect,

are the building or constructing and using a railroad

or railroads, laying down the rails, ties, &c., running

cars for passengers and freight, drawn by horses,

mules, or steam engines, on tracks to be laic} from

Easton to Easton Point, on Tred-Avon Creek, from

Easton to Miles River bridge, or other points on

Miles River from Easton to Dover bridge, or other

convenient point on Choptank River, with full and

ample powers to do whatever may be required for

public accommodation and convenience, in keeping

in good order and repair the streets and roads through

which said railway may pass.

SEC. 6. And be it enacted, That the president and

directors of said company shall have power to issue

Issue bonds.

bonds or certificates of indebtedness -under the seal

of said company, in sums not less than twenty dollars,

and not exceeding in amount the sum of fifty thou-

sand dollars, and to sell and dispose of the same at

not less than their par value, pledging at the same

time the profits and property of said company to

secure the redemption thereof, which said bonds so

issued may be converted into capital stock of said

company, according to the rate fixed heretofore as

the price of each share thereof.

SEC. 7. And be it enacted, That the president and

Shall provide.

directors shall provide for declaring dividends, for-

feitures of stock, when not paid up, for charge of

passengers, and rate of tolls, for transportation of

freight, &c., and all or every other thing or act

necessary for the proper management of said com-

pany.

SEC. 8. And be it enacted, That in all cases where

damages are Maimed by the owner or owners of

May agree.

land through which the said railways may run, the

president and directors of said company, or a major-

ity of them, or any person authorized by them, may

agree with the owner or owners of such land, for

such damages as may be sustained by him, her or

them, by the said railway passing through the same,

or with the owner or owners of the land on which

the same may be for the purchase of said land, and

in case of no agreement being made or in case the