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426
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LAWS OF MARYLAND.
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railroad company or companies of this or any other
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Lease, pur-
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State, at any time, lease, purchase, pse, operate and
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chase, &c.
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manage, or may become the lessee by assignment or
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otherwise, of any part or parts or all of any railroad
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or railroads in this or any other State.
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Purchase the
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SEC. 2. And be it enacted. That the Baltimore
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stock.
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and Ohio Railroad Company be and is hereby au-
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thorized to subscribe to or purchase the stock, bonds
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or other evidences of debt of any company which
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may own or operate a railroad, and to subscribe to
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or purchase the stock, bonds or other evidences of
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indebtedness of any dry dock company ; and the
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Give aid to
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Baltimore and Ohio Railroad Company is further
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dry dock
companies.
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authorized and empowered to give aid to or make
any arrangement with such dry dock company that
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may be deemed by the contracting companies to be
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for their mutual benefit; and the Baltimore and
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Ohio Railroad Company shall have power and au-
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thority to purchase, or lease, or contract with any
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person or corporation, for the construction, opera-
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tion or use of any work or works, public or private,
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which may be used for the transportation of freight
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or passengers by land or water, from or to any part
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of the United States.
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SEC. 3. And be it enacted, When any of the powers
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conferred by this act shall be exercised by the Presi-
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dent and Directors of the said Baltimore and Ohio
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Railroad Company, the action of said president and
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directors shall be subsequently approved and ratified
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by the votes of two-thirds of such stockholders of said
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Powers con-
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company as may be present in person or by proxy,
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ferred.
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and voting at any annual meeting thereof, or at any
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general meeting of the stockholders called by the
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president and directors, or a majority of them, upon
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such notice and in snch manner as they may deter-
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mine ; and provided further, that any exercise by the
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Baltimore and Ohio Railroad Company prior to the
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passage of this act, of any such powers as are con-
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ferred by this act, shall be deemed valid when ap-
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proved by the stockholders of said company in the
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manner hereinbefore stated.
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