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Proceedings of the Senate, 1900
Volume 96, Page 1169   View pdf image (33K)
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1900.] OF THE SENATE. 1169

and the remaining $1,000 shall be applied to the debt
now due and owing by said institution.

"Sec. 2. And be it enacted, That the Comptroller of
the Treasury is hereby authorized and directed to. issue
his warrant to the Board of Directors of the Home and
Infirmary of Western Maryland, in the city of Cumber-
land, for the said sum of five thousand dollars out of any
money in the treasury not otherwise appropriated."

Which proposed amendment was adopted, and

The bill was read the second time.

Also favorably, with proposed amendment,

House bill entitled "An Act to change the name of the
Potomac and Severn Railway Company, and to grant
certain additional powers and privileges to said corpora-
tion, and to confirm franchises and privileges granted to
said corporation by the Mayor, City Counsellor and Al-
Aldermen of the city of Annapolis."

Add to the end of section 8 the following:

"And in the event of consolidation with any other rail-
Toad or railway company as provided by Article 23 of the
Code of Public General Laws, under provision of section
190 of said Article whenever 80 per cent of the holders
of the capital stock of such corporations have agreed to
such consolidation, then, if any stockholder of either of
the companies so consolidated or merged shall not assent
thereto, or shall be dissatisfied therewith, or signify his
or her dissent by notice in writing served on the presi-
dent, secretary or treasurer of said company into which
said consolidation or merger shall have been made,at
any time within three months after the vote for the same,
be or she shall receive from the company into which said
consolidation or merger shall have been made the par value
of his or her stock at the time when the vote for
the agreement of consolidation and merger was cast,
which if not agreed to, shall be appraised by three dis-
interested persons residents in this State to be appointed
by the Secretary of the State, whose duty it shall be to
make such appointment upon reasonable notice on the
application of either party, and thereupon and upon the
payment of the value so ascertained, such stockholders

74


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Proceedings of the Senate, 1900
Volume 96, Page 1169   View pdf image (33K)
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