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LAWS OF MARYLAND.

CHAPTER 157.

AN ACT to empower the Frederick and Pennsyl-

vania Line Rail Road Company to lease" its road.

SECTION 1. Se it enacted by the General Assembly of

Empowered to

Maryland, That the Frederick and Pennsylvania

lease.

Line Rail Road Company be, and it is hereby author-

ized and empowered to lease for such term or terms

of years, as its President and Directors may deem

advisable, the road of said company, its rights, priv-

ileges and franchises, and all its property, to such

person or persons, body or bodies corporate, either

residents of this State or doing business therein, or

non-residents of this State, or not doing business

Proviso

therein, as the said President or Directors may con-

tract with upon such terms, and for such sum or

sums of money as the said President and Directors

may regard most advantageous ; provided, never-

theless, the stockholders holding the majority of

stock of said company, assent to said road being

leased; and, provided, such assent be first procured

at a general meeting of said stockholders, to be held

at such place as the President and Directors may

prescribe, after giving not less than thirty days pub-

lic notice of the time, place and object of such meet-

ing.

SEC. 2. And be it enacted, That if at such gen-

eral meeting of said stockholders of said compa-

Majority of
stock to assent

ny, the stockholders holding the majority of stock

assent to the said road being leased, the said Presi-

dent and Directors shall have, and are hereby in-

vested with full power and authority to make, or

cause to be made, such indentures, leases or instru-

ments of writing, as may from time to time be

necessary to transfer and convey to the lessee of said

company absolutely, or for a limited period of time,

all the rights, franchises, privileges, property and
appurtenances acquired, owned or belonging to the
said Frederick and Pennsylvania Line Rail Road

Company, under and by virtue of its original act of

Excepting

incorporation, and the amendments thereof; save

and except the rights, privileges, franchises and

powers conferred upon it by the act of the General

Assembly of Maryland, passed January session,