154

LAWS OF MARYLAND.

ive charters. Said consolidation and merger shall be effected
by agreement approved by the directors, and also by a
majority in amount of the capital stock represented at any
annual or other meeting of the stockholders of each of the
companies so consolidating; provided, that nothing herein
contained shall be construed to exempt the property of this
company, or any part thereof, from taxation.

May lease or
purchase.

SEC. 2. And be it further enacted, That said New York,
Philadelphia and Norfolk Railroad Company shall have and
be possessed of power to lease or purchase and operate any
railroad, either in or out of this State; and also to purchase,
own, sell and dispose of the stocks, bonds, or other securities
of any other railroad company, either in or out of this State.

SEC. 3. And be it further enacted, That this Act shall take
effect from the date of its passage.

Approved March 27, 1900.

CHAPTER 123.
AN ACT to make valid the sales made, and the deeds,
demises and other instruments of writing, executed and
delivered by trustee or trustees to whom any estate, real,
personal or mixed, shall have been limited or conveyed
for the benefit of creditors, or to be sold for any other
purpose, where such trustee or trustees have failed to
comply with the requirements of Section two hundred and
five of Article 16 of the Maryland Code of Public General
Laws in giving bond with but one surety.

Preamble.

WHEREAS, Many of the sales made, and the deeds, demises
and other instruments of writing, executed and delivered by
trustee or trustees to whom estates, real, personal or mixed,
have been limited and conveyed for the benefit of creditors,
or to be sold for other purposes, are defective by reason of
such trustee or trustees having filed with the clerk of the
respective courts in which the deed or instrument of writing
creating the trust are recorded a bond with but one surety.

Sales made,
deeds, devises
etc., executed

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That all sales heretofore made, and all the deeds,
demises and other instruments of writing granting and con-
veying real, personal or mixed estates heretofore executed
and delivered by the trustee or trustees to whom any estate,