ELIHU B. JACKSON, ESQUIRE, GOVERNOR.

207

poration, and under the provisions of the act passed at this present

session of the General Assembly, chapter — , entitled an act to

amend the charter of the Washington and Cumberland railroad

company, a corporation formed under article twenty-three, of the
Code of Public General Laws of this State, title "Corporations,"

shall have and possess full power to buy the Chesapeake and

Additional
powers.

Ohio canal and its works, property, water-rights and franchises

of every description, at any sale that may be made by the board

of public works, acting according to law, or at any sale that may

be made under any decree of any court in this State or in the

District of Columbia, and to hold, manage, control, enjoy and

make such use of the said canal and its works, property, water-

rights and franchises when so bought, as the president and direc-

tors of the said Washington and Cumberland railroad company

shall deem advisable.

SEC. 2. And be it further enacted, That the said Washington

and Cumberland railroad company shall also have full power to

issue its capital stock in payment for lands or other property

which it may purchase, and also in payment for work done and

materials furnished therefor, and also in the purchase, payment

or settlement of any liens, claims or demands against the said

Chesapeake and Ohio canal company, which the president and

directors of the said Washington and Cumberland railroad com-

pany shall think proper to purchase, pay or settle, upon such

terms as may be agreed on between the company and the owners

of such land or other property, or between the company and any

Issue

contractor or other person doing work or furnishing material, or

stock

both, or between the company and the owners of such liens,

claims or demands against the said Chesapeake and Ohio canal

company; provided, that the board of public works of this State

shall not accept any of the stock of said Washington and Cum-

berland railroad company in payment for any property belonging

to the State, unless the said sale shall be subject to acceptance

or rejection by the succeeding legislation of this State; and it

shall be lawful to provide by agreement, approved by a general

meeting of the stockholders of the company, and recorded in the

office of the secretary of State, that the stock so issued shall have

such preference or priority over the rest of the capital stock of

the company or over subsequent mortgages and incumbrances, or

both, as the stockholders at such meeting may authorize.

SEC. 3. And be it enacted, That this act shall take effect from

Effective.

the date of its passage.

Approved March 27, 1890.