310

LAWS OF MARYLAND.

purposes, and to issue its bonds or other obligations for the
money so borrowed, and to secure payment of the same by a
mortgage or mortgages, or by deed or deeds of trust of any
part or all of its corporate property and franchises; and that
the said corporation hereby incorporated shall have the right
to levy and collect tolls, rents or charges, or to contract for
the same, for the use of its said lines, exchanges, apparatus,
service and facilities, and for the transmission of messages,
intelligence or information, whether with or without wires, or
by other means or system, as aforesaid.

Right to
consolidate
with other
telephone and
telegraph
companies.

SEC. 7. And be it further enacted, That the corporation
hereby incorporated shall have the right and power at any
time to unite or consolidate with any other telephone or
telegraph company or companies, which may be incorporated,
for any one or more of the purposes set forth in this Act,
or which may be authorized to exercise any one or more of
the powers conferred on the corporation hereby incorporated,
whether such company or companies shall have been heretofore
or shall be hereafter incorporated by virtue of, or by the
General Laws of this State, or by any special law or Act; and
any such company or companies with which the corporation
hereby incorporated is by this Act authorized to unite or con-
solidate are hereby equally authorized to unite and consolidate
with the corporation by this Act incorporated. The power to
consolidate, conferred by this Act, shall include the power to
fix the terms of such consolidation, the amount and character
of the capital and stock of the corporation formed by such
consolidation not exceeding in the whole amount the aggregate
authorized capital of the constituent corporations, the shares
of stock and consideration to be issued or paid to the stock-
holders of the constituent corporations, the name of the con-
solidated corporations, and to do all other acts, matters and
things necessary or proper to be done to carry out such con-
solidation. The powers to unite or consolidate by this Act,
conferred on the corporation hereby incorporated and on the
corporations herein referred to, shall be exercised by the said
corporations, respectively, when authorized at any general or '
special meeting of stockholders by the majority in the interest
of the stockholders of each corporation so uniting or consoli-
dating, or with the assent in writing of such majority in
interest. The corporation so formed by such consolidation
shall, when such consolidation shall have been completed, as
hereinafter referred to, have all the powers and franchises by
this Act conferred upon the corporation hereby incorporated,
and shall also have any other and further powers which any