JOHN LEE CARROLL, ESQUIRE, GOVERNOR. 669
CHAPTER 403.

AN ACT to consolidate the Kent County. Rail road
Company with the Smyrna and Delaware Bay
Railroad Company, and to convey the franchises
of said first named company when sold to the pur-
chasers thereof, and to incorporate them into a
body politic.

WHEREAS, a decree for the foreclosure and sale of the Kent County Railroad Company, a corporation created by the laws of this State, has been obtained from the Circuit Court for Kent county setting in equity; and	Preamble.
WHEREAS, that in order to realize the largest price for same, it is desirable to consolidate the said rail- road, with the Smyrna and Delaware Bay Railroad Company, a corporation of the State .of Delaware ; therefore,	Preamble.
SECTION 1. Be, it enacted, by the General Assembly of Maryland, That the purchaser or purchasers of the Kent County Railroad Company, and his or their associates when the same shall have been sold, shall upon the confirmation of such sale or the execution of the deed or deeds, parporting to convey the prop- erty so sold become a new body politic and corporate, in fact and in law, by the name of the aforesaid cor- poration, or such other name as they may thereafter adopt, and shall be deemed and considered the stock- holders of the capital stock of such new body politic and corporation, and shall become entitled to and	Become a new body.
vested with all the corporate rights, liberties, privi- leges, immunities, powers and franchises of and con- cerning the said railroad, so sold, as fully as the same were held, exercised and enjoyed by said corporation	Powers.
before such sale, and it shall and may be" lawful for the said new body politic and corporate, at any time within one year after such sale and conveyance to organize themselves as a corporation, under such name as they may vote to adopt, by electing a board of directors of not less than five nor more than thir- teen, and by the appointment of a president and such	Be lawful