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Proceedings and Acts of the General Assembly, 1874
Volume 211, Page 3069   View pdf image (33K)
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AN ACT to empower the Frederick and Pennsyl-


vania Line Rail Road Company to lease" its road.


SECTION 1. Se it enacted by the General Assembly of

Empowered to

Maryland, That the Frederick and Pennsylvania


Line Rail Road Company be, and it is hereby author-


ized and empowered to lease for such term or terms


of years, as its President and Directors may deem


advisable, the road of said company, its rights, priv-


ileges and franchises, and all its property, to such


person or persons, body or bodies corporate, either


residents of this State or doing business therein, or


non-residents of this State, or not doing business


therein, as the said President or Directors may con-


tract with upon such terms, and for such sum or


sums of money as the said President and Directors


may regard most advantageous ; provided, never-


theless, the stockholders holding the majority of


stock of said company, assent to said road being


leased; and, provided, such assent be first procured


at a general meeting of said stockholders, to be held


at such place as the President and Directors may


prescribe, after giving not less than thirty days pub-


lic notice of the time, place and object of such meet-




SEC. 2. And be it enacted, That if at such gen-


eral meeting of said stockholders of said compa-

Majority of
stock to assent

ny, the stockholders holding the majority of stock


assent to the said road being leased, the said Presi-


dent and Directors shall have, and are hereby in-


vested with full power and authority to make, or


cause to be made, such indentures, leases or instru-


ments of writing, as may from time to time be


necessary to transfer and convey to the lessee of said


company absolutely, or for a limited period of time,


all the rights, franchises, privileges, property and
appurtenances acquired, owned or belonging to the
said Frederick and Pennsylvania Line Rail Road


Company, under and by virtue of its original act of


incorporation, and the amendments thereof; save


and except the rights, privileges, franchises and


powers conferred upon it by the act of the General


Assembly of Maryland, passed January session,

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Proceedings and Acts of the General Assembly, 1874
Volume 211, Page 3069   View pdf image (33K)
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