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184
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LAWS OF MARYLAND.
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CHAPTER 125.
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AN ACT to reorganize and incorporate anew the
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Baltimore and Potomac Railroad Company, by
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that or some other name, in the event of a sale or
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sales of the property and franchises of the said
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company under mortgage heretofore made by it.
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WHEREAS the Baltimore and Potomac Railroad
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Company, a corporation existing in the State of Mary-
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land, by virtue of the act of Assembly of Maryland
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of eighteen hundred and fifty-three, chapter one
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hundred and ninety-four, and the several supplements
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and amendments thereto, has, in the execution of the
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power and authority thereby vested in it, made three
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several mortgages of its property and franchises to
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secure the payment of bonds issued by said company
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for the purpose of raising the money required for
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the construction and equipment of its said railroad,
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Preamble.
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and whereas it may become necessary that the said
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mortgages should be foreclosed, and the property and
franchises of said company therein embraced sold
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thereunder, and whereas such sale or sales can be
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made to much greater advantage if the purchaser or
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purchasers of the said mortgaged property and fran-
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chises are created a body corporate, with the fran-
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chises, rights, powers and privileges now vested in
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the said Baltimore and Potomac Railroad company,
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and it will therefore be for the interest, benefit and
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advantage of all parties concerned that such corpor-
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ate powers shall be granted, and whereas no general
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law exists in this State for the purpose sought to be
accomplished by this act, therefore
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SECTION 1. Be it enacted ly the General Assem-
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bly of Maryland, That in case any sale or sales shall
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under the power for this purpose contained in the
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several deeds of mortgage heretofore executed by the
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said Baltimore and Potomac Railroad Company, or
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under the decree or order of any court of competent
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jurisdiction be made of the property, rights and fran-
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Purchasers
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chises described in and conveyed by the said deeds
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shall become
body politic.
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of mortgage, the person or persons acquiring title as
purchaser or purchasers under such sale or sales and
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