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Proceedings and Acts of the General Assembly, 1874
Volume 211, Page 2941   View pdf image (33K)
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82

LAWS OF MARYLAND.

 

nect and consolidate with the Baltimore, Chesapeake

 

and Delaware Bay Railroad Company, a corporation

 

incorporated by the General Assembly of the State

 

of Delaware, at its January session, held in Dover,

 

eighteen hundred and seventy-three, with the view of

 

joining this road at the State line dividing the States.

 

of Maryland and Delaware, so that the capital stock

Common stock.

of the said companies respectively, shall constitute

 

common stock, and the respective companies shall

 

thereafter constitute one company, and be entitled

 

to all the rights, privileges and immunities which

 

each of them possess, have and enjoy, under and by

 

virtue of their respective charters.

Unite capital

SEC. 9. And be it enacted, That the Baltimore,

stock

Chesapeake and Delaware Bay Railroad Company,

 

aforesaid, shall have power to unite, connect, and

 

consolidate with any railroad company, or compa-

 

nies, either in or out of this State, so that the capital

 

stock of said companies so united, connected, and

 

consolidated, respectively, shall constitute a common

 

stock ; and the respective companies shall thereafter

 

constitute one company, and be entitled to all the

 

rights, privileges, and immunities which each of them

 

possess, have and enjoy, under and by virtue of their

 

respective charters.

 

SEC. 10. And be it enacted, That the said Baltimore,

Power to lease.

Chesapeake, and Delaware Bay Railroad Company,.

 

shall have the power to lease and operate any rail-

 

road or railroads, either in or out of this State for

 

the purpose of carrying on their business.

Issue mortgage

SEC. 11. And be it enacted, That the said Baltimore,

bonds

Chesapeake and Delaware Bay Railroad Company,

 

shall have the power and authority to issue mortgage

 

bonds of the said company, with coupons attached

 

for such sum or sums, and in such amounts, as they

 

may deem advisable, sufficient for building, equip-

 

ing, and maintaining the said railroad, and its steam-

 

ships, steamboats, and barges, payable at such times,

 

and on such terras, as the directors may determine;

 

and the said company shall also have the power and

 

authority, by their proper officers, to mortgage the

 

said road with all their personal and real estates,

 

franchises, rights and privileges, for the security

 

and payment of the said mortgage bonds, and



 
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Proceedings and Acts of the General Assembly, 1874
Volume 211, Page 2941   View pdf image (33K)
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