WILLIAM T. HAMILTON, ESQUIRE, GOVERNOR. 9T
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SECTION 1. Be it enacted by the General Assem-
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bly of Maryland, That the said Baltimore and Cum-
berland Valley Railway Company be and it is here-
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by authorized to enter into any agreement or agree-
ments for consolidation, and to consolidate with the
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Authorized
to consolidate
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said Baltimore and Cumberland Valley Railroad
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Company alone, or with it and any other company
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or companies which may be chartered by the State
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of Pennsylvania, with power to construct a railroad
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to the town of Shippensburg, or in the direction
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thereof.
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SEC. 2. And be it enacted, That said consolida-
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tion may be made upon any terms and stipulations
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Conditions.
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which may be entered into between the consolidat-
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ing companies, subject to the conditions following :
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First. That all existing contracts, engagements and
liabilities of the said Baltimore and Cumberland
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Existing con-
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Valley Railway Company shall continue to bind
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tracts bind-
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said company and its property as fully as before the
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ing.
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consolidation herein above authorized.
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Second. That all laws of the State of Maryland
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which would be operative upon the said Baltimore
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and Cumberland Valley Railway Company shall be
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Laws opera-
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equally operative upon such consolidated company,
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tive.
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«o far as its operations and property may be within
the jurisdiction of the State of Maryland.
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Third. That the capital stock of the consolidated
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company shall be the aggregate amount of the capi-
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tals of the consolidated companies, and of siich par
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Capital stock
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value as may be fixed by the agreement or articles
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of consolidation.
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Fourth. That said consolidated company, for the
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purpose of retiring any bonds heretofore issued by
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the consolidating companies, or for other purposes,
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shall have power to issue bonds, not exceeding the
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aggregate amounts which might have been issued
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Retire and
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by the companies which may be so consolidated, of
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issue bonds.
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such denominations as may be determined by said
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consolidated company, and shall have power to se-
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cure the payment of the principal and interest there-
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7
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