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Proceedings and Debates of the 1867 Constitutional Convention
Volume 74, Appendix 85   View pdf image (33K)
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REPORT
OF THE
Committee on Public Works and Corporations.
The Committee appointed under the following order, to wit: Sy the Convention,
Ordered, That the Committee upon Public Works and Corporations be instructed
to investigate such of the proceedings of the Mayor and City Council of Balti-
more as may be deemed necessary by said Committee, and particularly relative
to the endorsement by the city of Baltimore of the Union Railroad Company's
bonds, and to the building of a new City Hall; and that John H. Barnes, Outer-
bridge Horsey, and Fendall Marbury, members of said Committee, be a Sub-
Committee to proceed to Baltimore and there make the investigation.
By order, MILTON Y. KIDD, See's.
Having discharged the duties imposed upon them under
the foregoing order, beg leave to submit the following as the
conclusion reached from the investigation, and ask leave to
foe discharged from the further consideration of the subject:
By an Act of the General Assembly of Maryland, passed
February 6th, 1866, chapter 119, the Union Railroad Com-
pany of Baltimore was incorporated with power to construct
road from the Relay House, on the Northern Central Rail-
road, to tidewater at Canton, with lateral roads to the city
of Baltimore, By the Act of 1867 a change was made in the
route, but in no other particular was the charter changed by
that Act.
The charter makes the capital of the Company six hundred
thousand dollars, represented by shares of the par value of
one hundred dollars each, with a provision that so soon as
fifteen hundred shares were subscribed, and one dol-
lar paid on each, the stockholders were authorized to or-
ganize the Company and exercise the powers granted in the
charter. The initial steps thus pointed out were observed,
and subscription books opened, conformable to law, and six-
teen hundred and four shares being subscribed, the Company,
in due form of law, was organized.
The following is a list of the subscribers' names and the
amount: taken by each, and also the amount paid :


 
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Proceedings and Debates of the 1867 Constitutional Convention
Volume 74, Appendix 85   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>


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