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Session Laws, 1890
Volume 396, Page 103   View pdf image (33K)
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ELIHU E. JACKSON, ESQUIBE, GOVERNOR. 103

their branches, and may be for such periods and upon such terms


as may be agreed upon between the parties thereto, and shall


operate to confer upon the Potomac Valley railroad company all


the powers to use and operate the roads and property so leased


which the lessor or lessors thereof may possess and have power to


grant by such lease; the said Potomac Valley railroad company


is further authorized and empowered to contract with any of the


companies whose roads and other property it is hereby authorized


to lease, for the purchase of said roads and other property or any


part thereof, and to purchase the same and receive conveyance

May ac-

thereof, and shall thereby acquire such rights to hold and use the

quire.

property so purchased and conveyed as the vendor or vendors


thereof may possess and grant; provided, however, that no such


lease or purchase shall be made until the same shall have been


sanctioned by the holders of a majority of the shares of the capi-


tal stock of said Potomac Valley railroad company, in person or


by proxy, at a general or special meeting of the stockholders of


said company convened according to its charter and by-laws.


SEC. 3. And be it enacted, That the Potomac Valley railroad


company shall have the power to subscribe for or purchase and


hold with all the rights of an owner, shares of the capital stock


of any of the railroad companies whose lines it is hereby au-

Other

thorized to lease, and to aid such companies in the construction

powers.

of their railroads by means of subscription to the capital stock


of such companies, by guaranteeing the mortgage bonds of said


companies or otherwise.


SEC. 4. And be it enacted, That this act shall take effect and

Effective.

be in force from its passage.


Approved March 22, 1890.


CHAPTER 128.


AN ACT further to amend the charter of the Western Maryland


tidewater railroad company to enlarge its powers, to provide the


mode of constructing the road of said company within the city


of Baltimore, and to prescribe the terms and conditions upon


which said company may acquire and use a right of way through


certain property of the Northern Central railway company and


across the tracks of said Northern Central railway company in


the city of Baltimore.


WHEREAS, by the charter of the Western Maryland tidewater


railroad company, the said company is authorized to construct a

Preamble

railroad beginning at or near Howardville station on the line of


the Western Maryland railroad in Baltimore county, to the south




 

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Session Laws, 1890
Volume 396, Page 103   View pdf image (33K)
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