670

LAWS OF MARYLAND.

other officers as may be authorized or required by law, and to consolidate said railroad company with the Symrna and Delaware Bay Railroad Company

Capital stock.

aforesaid ; and such board of directors are authorized to fix the capital stock of such new corporation at an amount not exceeding the estimated cost of said railroad, and equipments when completed, together with such lands as said corporation may acquire, and to issue certificates of the capital stock of such new corporation and to distribute the same, also, whenever deemed expedient to issue bonds and to secure the payment thereof by mortgage or deed of trust of the property, lands and income and franchises of said company.

Make certificate.

SEC. 2. And be it enacted, That it shall be the duty of such new corporation, within six months after its said organization, to make a certificate thereof under its common seal, attested by the signature of its president, specifying the date of such organization and the names of its president and directors, and cause said certificate to be filed in the office of the Secretary of State, at Annapolis, and there to remain of record.

Holding meetings.

SEC. 3. And be it enacted, That the said new body politic and corporation, is hereby authorized to fix by its by-laws the time for holding its annual and

Proviso.

special meetings of stockholders ; provided however, that at least twenty days' notice of the time and place for holding said meetings shall first be given by publication in any two newspapers printed in the county through which said railroad passes ; and

Proviso.

provided further, that nothing in this act shall release said new corporation, when organized, from taxation for State and county purposes.

Repealed. In force.

SEC. 4. And be it enacted, That all acts or parts of acts inconsistent with this act be and the same are hereby repealed, and that this act shall take effect from the date of its passage.

Approved April 8, 1876.