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nances, for such period and upon such terms as may
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be agreed upon between the Western Maryland
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Railroad Company and the company or companies
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which may own such lines of railways, and said
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Western Maryland Railroad Company is further
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Authorized
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authorized to contract for the privilege of becoming
the purchaser of any railroad which it may so lease,
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to contract
for privilege.
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and to purchase the same, and to pro-rate with said
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companies; provided, however, that no such lease
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or contract shall be entered into until the same shall
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have been sanctioned by the holders of a majority
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of the capital stock of said Western Maryland Rail-
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road Company, represented in person or by proxy, at
a general or special meeting of its stockholders con-
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vened in accordance with the terms of its charter.
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SEC. 2. And be it enacted, That said Western
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Maryland Railroad Company is hereby authorized
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Execute lease
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to accept and execute a lease from the Mayor and
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City Council of Baltimore, to it, of the property in
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the city of Baltimore known as the Hillen station,
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and the engine house property now occupied by said
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company, and the tracks for its engines and cars
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leading from the Northern Central Railway to the
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same, upon, the terms stipulated in the ordinance of
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the Mayor and City Council of Baltimore hereto-
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fore passed providing for its lease by the Mayor and
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City Council of Baltimore to said company.
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SEC. 3. And be it enacted, That said Western
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Maryland Railroad Company shall have capacity to
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hold, with all the powers of owner, any shares of
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Hold capital
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the capital stock as securities of any of the compa-
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stock as secu-
rities.
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nies which may be possessed of any of the said lines
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of railroad of which said Western Maryland Rail-
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road Company is hereinbefore authorized to become
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the lessee.
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SEC. 4. And be it enacted, That this act shall take
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Effective.
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effect from its passage.
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Approved March 31, 1880.
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