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 author-
ized 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, when-
ever 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 certifi-
cate.

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 meet-
ings.

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 re-
lease 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Repealed.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hereby repealed, and that this act shall take effect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.