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Proceedings and Acts of the General Assembly, 1874
Volume 211, Page 2933   View pdf image (33K)
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74

LAWS OF MARYLAND.

 

CHAPTER 70.

 

AN ACT supplementary to an act, entitled "an act

 

to incorporate the Worcester Railroad Company,"

 

passed at the January session, eighteen hundred

 

and fifty-three, with amendments enacted on the

 

eighteenth of March, eighteen hundred and sixty-

 

seven, and to repeal any part of said act, incon-

 

sistent with this act.

To sell and
transfer rail-

SECTION 1. Be it enacted by the General Assembly of

road

Maryland, That the President and Directors, with the

 

assent of the stockholders representing a majority

 

of the stock first had and obtained, of the Worcester

 

Railroad Company, are hereby empowered to sell and

 

transfer to any person or persons, or body corporate,

 

the said Worcester Railroad, with all its rights,

 

privileges, franchises, real estate, rolling or other

 

stock, personal effects of whatsoever kind or nature,

 

for such price or consideration as they may think

 

proper ; they shall also have the further power and

 

authority, with the assent of the majority of the stock

To lease

as aforesaid, to lease the said road to any person or

 

persons, or body corporate, with all the franchises of

 

the company and personal property, for any term or

 

time, or with the like assent may merge the said

 

road, with any other railroad that may be extended

 

to the said Maryland Line, and consolidate the stock

 

of the said Worcester Railroad, with the railroad

 

company with which the said Worcester Railroad

Objects

may be thus merged and consolidated ; the objects

 

and designs of this supplement being to make a con-

 

tinuous railroad line through the counties of North-

 

ampton and Accomac in the State of Virginia,

Proviso

Worcester county, Maryland, and thence on through

 

the State of Delaware and eastward ; provided, that

 

nothing herein contained shall impair the right of

 

the State to demand and receive from any railroad

 

company, with which the said Worcester Railroad

Consolidated

Company may merge and consolidate its stock, from

 

any person, or body corporate that may acquire title

 

to said railroad under the provisions of this act, the

 

payment of interest of six per centum per annum on

 

the sum subscribed by the State, to the stock of the

 

said Worcester Railroad Company, in accordance



 
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Proceedings and Acts of the General Assembly, 1874
Volume 211, Page 2933   View pdf image (33K)
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