|
|
|
|
|
FRANK BROWN, ESQUIRE, GOVERNOR.
|
313
|
|
|
General Laws of Maryland ; provided, however, that when-
|
Proviso
|
|
|
ever land is to be condemned for any part of its route which
|
|
|
|
is now within the corporate limits of Baltimore City, the
|
|
|
|
application shall be made to a justice of the peace of Balti-
|
|
|
|
City, who shall issue his warrant to the sheriff of Baltimore
|
|
|
|
City, who shall return the inquisition to the Circuit Court
|
|
|
|
of Baltimore City, instead of to the corresponding officers
|
|
|
|
and Court of Baltimore County.
|
|
|
|
SEC. 4. And be it enacted, That it shall not be lawful
|
|
|
|
for the said Baltimore, Hampden and Lake Roland Railroad
|
|
|
|
Company (either before or after its completion) to con-
|
Not to con-
solidate
|
|
|
solidate with, lease or purchase, or to lease or sell
|
|
|
|
its property and franchises to any railroad company
|
|
|
|
heretofore, or hereafter incorporated under the laws of this
|
|
|
|
State, whose railroad shall connect with or form a contin-
|
|
|
|
uous line with the railroad of the said Baltimore, Hampden
|
|
|
|
and Lake Roland Railroad Company as above authorized to
|
|
|
|
be constructed ; provided, however, that the agreement for
|
|
|
|
such consolidation, lease, sale or purchase, shall be sub-
|
|
|
|
mitted to the stockholders of both of said corporations at a
|
|
|
|
special meeting, called for considering the same, and shall
|
|
|
|
be sanctioned by the holders by a majority of the outstand-
|
|
|
|
ing stock of each of said corporations, and if sanctioned at
|
|
|
|
such meeting, the said agreement shall be filed in the office
|
|
|
|
of the Secretary of State of Maryland ; and in the event of
|
|
|
|
a consolidation of the said Baltimore, Hampden and Lake
|
|
|
|
Roland Railroad Company under this power, the agree-
|
|
|
|
ment of consolidation shall state the capital stock of the
|
|
|
|
consolidated company, its corporate title, the number of its
|
|
|
|
directors, the method of exchanging the stock of the con-
|
|
|
|
solidated company for the stock of the constituent compa-
|
|
|
|
nies and a method of valuing the shares of stock of such
|
|
|
|
stockholders of either of said constituent companies who
|
|
|
|
refuse to make such exchange and to secure to such stock-
|
|
|
|
holders the fair value of their said stock, and shall prescribe
|
|
|
|
such other terms and conditions for the management of said
|
|
|
|
consolidated corporation as may be thought proper ; and the
|
|
|
|
said consolidated corporation is liereby authorized to mort-
|
|
|
|
gage its property and franchises to secure negotiable bonds
|
|
|
|
to an amount not exceeding its authorized capital stock, as
|
|
|
|
fixed by said agreement, or as afterwards increased in the
|
|
|
|
manner provided in article twenty-three, section one hun-
|
|
|
|
dred and sixty-five of the Public General Laws of Maryland.
|
|
|
|
SEC. 5. And be it enacted, That the said Baltimore,
|
|
|
|
Hampden aud Lake Roland Railroad Company, shall be
|
Park tax.
|
|
|
liable to the payment of the "Park Tax," and shall not
|
|
|
|
charge its passengers more than five cents for each contin-
|
|
|
|
|
|
|