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
|