ART. 23] RAILROAD COMPANIES. 657

lease, assign or transfer its stock, property and franchises to, or
to consolidate the same with those of any other railroad com-
pany incorporated under the laws of this or any other State, or
of the United States, whose railroad within or without this
State shall connect with or form a continuous line with the
railroad of the company incorporated under said sections, upon
such terms as may be agreed upon; provided, however, that the
agreement for any such sale, lease, assignment, transfer or con-
solidation, shall be submitted to the stockholders of the railroad
company incorporated under said sections at a special meeting
called for considering the same, and shall be sanctioned by the
holders of two-thirds of the stock represented at such meeting
in person or by proxy, and if sanctioned at such meeting, shall
be filed in the office of the secretary of State of this State;
and provided further, that such agreement shall contain no
provisions in conflict with the provisions of this article, or
which shall exempt such railroad, so far as it lies within this
State, from the operation of the laws of this State.
B. C & A. Ry. Co. v. Ocean City, 89 Md. 95.

1888, art. 23, sec. 191. 1886, ch. 134, sec. 5.

279. Any railroad company incorporated under the pro-
visions of sections 275, 276 and 277, shall also have power to
purchase or contract for the use and enjoyment, in whole or in
port, of any other railroad or railroads lying within or without
this State, if the same shall connect with or form a continuous
line with the railroad of the company incorporated under said
sections.

1888, art. 23, sec. 192. 1886, ch. 134, sec. 6.

280. Any corporation organized under the provisions of said
sections, which shall have purchased an Incompleted railroad,
shall have, ten years from the date of its organization to com-
plete and finish the main line of its railroad.

Ibid. sec. 193. 1886, ch. 134, sec. 7.

281. No corporation shall be established under the provi-
sions of said sections 275, 276 and 277, unless it shall allow
and issue to this State the same proportion of its common
stock, if any, as the State shall own of the capital stock of
the corporation whose railroad shall have been purchased as
aforesaid.

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