110

LAWS OF MARYLAND.

roads so leased and the shops, depots, buildings, elevators,

wharves, vessels and other property of such roads and 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 Western Maryland tidewater railroad company

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

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

grant by such lease; the said Western Maryland tidewater rail-

road company is further authorized to contract with any of the

companies whose roads and other property it is hereby empowered to

lease for the purchase of such road and other property, or any part

May pur-
chase.

thereof, and to purchase the same, and receive conveyance thereof,
and shall acquire such rights to hold and use the property so

purchased and conveyed as the vendor or vendors thereof may

possess and can grant; provided, however, that no such lease or

purchase shall be entered into until the same shall have been.

sanctioned by the holders of a majority of the shares of the.

Proviso.

capital stock of the Western Maryland tidewater railroad com-

pany, represented in person or by proxy, at a general or special

meeting of its stockholders convened according to the charter and.

by-laws of said company.

SEC. 9. And be it enacted, That the Western Maryland tide-

water railroad company shall have the power to subscribe for or

purchase and hold, with all the rights of an owner, shares of the

May hold

capital stock of any of the railroad companies whose lines it is.

shares.

hereby authorized to lease, and to aid such railroad companies in

the construction of their railroads by means of subscription to

the capital stock of such railroad companies by guaranteeing the

mortgage bonds of said companies or otherwise.

SEC. 10. And be it enacted, That said Western Maryland tide-

water railroad company be and the same is hereby authorized and

empowered to construct and operate the whole or any part of

To cre-

both or either of the lines it is entitled to construct under its

ate.

charter and under this act, in such order as it may deem best, and

to have and enjoy all the corporate rights and franchises con-

ferred by its original charter and by this act, and the act to

which this is a supplement, as to the whole or any part of either

or both of said lines as the same shall be completed.

Effective.

SEC. 11. And be it enacted, That this act shall take effect front

the date of its passage.

Approved March 22, 1890.