670 CORPORATIONS. [ART. 23

Maryland or any amendments thereto shall, where any portion of the
railroad acquired by said corporation under said section or amendments
lying within the State of Maryland is uncompleted, build in each year
and place in operation at least five miles of such uncompleted road in
each twelve months, counting from April 13. 1910, until the entire
road within the State of Maryland as originally contemplated and pro-
vided for in the charter of the corporation whose railroad and franchises
may be sold shall have been fidly completed and put in operation, and
upon the failure of any such corporation to so construct and operate five
additional miles in each or any year in accordance with the provisions
hereof, the attorney-general of the State shall cause suit to be brought
in the name of the State against such company for the forfeiture of
its charter and corporate existence.

As to the forfeiture of the charters of corporations, see sec. 82, ct seq.

1904, art. 23, sec. 276. 1888, art. 23, sec. 188. 1886, ch. 134, sec. 2.

296. Such corporation shall possess all the powers, rights, immuni-
ties, privileges and franchises in respect to such railroad, or the part
thereof included in such certificate, and in respect to the real and
personal property appertaining to the same, which were possessed or
enjoyed by the corporation which owned or held such railroad previous
to such sale under or by virtue of its charter and any amendments
thereto, and of other laws of this State, oi the laws of any other State
in which any part of such railroad may have been situated, not incon-
sistent with the lawe of this State.
See note to sec. 294.

Ibid. sec. 27T. 18SS, art. 23, sec. 189. 1886, ch. 134, sec. 3.

297. Such corporation shall also have power to make and issue
bonds bearing such rate of interest not exceeding six per cent, per
annum, payable at such times and places, and in such amount or
amounts as it may deem expedient, and to sell and dispose of such
bonds at such prices and in such manner as it may deem proper, and
to secure the payment of such bonds by mortgage or deed of trust of
its railroad, or any part thereof; and its real and personal property
and franchises, and all of the property and franchises of such corpora-
tion embraced, or intended to be embraced in any such mortgage or
deed of trust, whether then held or thereafter acquired, shall be subject
to the lien and operation of such mortgage or deed of trust, and in
case of sale under the same shall pass to and become vested in the
purchaser or purchasers thereof, so as to enable him or them to form
a new corporation in the manner hereinbefore prescribed, and to vest
in such new corporation all the faculties, powers, rights, immunities,
privileges and franchises possessed by its predecessor or conferred by
this section.

See sec. 439, and notes to sec. 294.