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Proceedings and Acts of the General Assembly, 1874
Volume 211, Page 1000   View pdf image (33K)
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1000 JOURNAL OF PROCEEDINGS [April 6,

AMENDMENTS PROPOSED.

Au Act to authorize the State Line and Juniata, now Bal-
timore, Philadelphia and New York Rail Road Company, to
construct and operate their railroad within the limits of this

State.

Strike out all after the enacting clause and insert in lieu
thereof, the following:

Section 1. That the Baltimore, Philadelphia and New York
Rail Road Company, formerly the State Line and Juniata
Rail Road Company, a corporation created by virtue of an Act
of the Legislature of Pennsylvania, approved, on the 5th day
of April, in the year 1870, and the supplement thereto are
hereby authorized and empowered to purchase and acquire
the corporate franchises and all the property, real, personal
and mixed, of the Maryland and Pennsylvania Rail Road
Company, a corporation created and existing under the laws
of the State of Maryland, together with all its rights, privi-
leges and benefits, and under the said corporate name of the
Baltimore, Philadelphia and New York Rail Road Company,
to hold, use, possess and enjoy the same, and to construct,
complete and operate said railroad so purchased under the
provisions and limitations mentioned and contained in the
Act approved the 4th day of April, 1870, chapter 476, enti-
tled an Act to provide for the creation and regulation of in-
corporated companies in the State of Maryland. But the said
corporation shall not exercise in this State any power other
than those conferred upon the said Maryland and Pennsyl-
vania Rail Road Company, a corporation created under the
Act of 1870, chapter 470, and shall not build, construct or
operate any railroad within the limits of this State, except
such single line of railroad with one or more tracts as it may
costract, build or operate within Baltimore, Harford and
Cecil counties, and in Baltimore city, within this State under
the provisions of the said last mentioned Act; provided,
however, that the property of said corporation shall be taxed
as other property of this State is now or shall hereafter be
taxed by law.

Sec. 2. And be it enacted, That any mortgage made by the
said Baltimore, Philadelphia and New York Rail Road Com-
pany to secure the payment of the bonds when properly exe-
cuted and recorded in the counties of this State through
which said railroad may pass, shall be a full and complete
lien upon the property therein described.

Sec. 3. And be it enacted, That the General Assembly of
Maryland reserves the right to alter, amend or repeal this
Act or any part thereof.

Sec. 4. And be it enacted, That this Act shall take effect
from the date of its passage.

 

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Proceedings and Acts of the General Assembly, 1874
Volume 211, Page 1000   View pdf image (33K)
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