52

LAWS OF NARYLAND.

said road, and which is thereby ratified, shall have the

power to unite, connect and consolidate with any railroad

Power to

company or companies, either in or out of this State, so

Connect
and Con-

that the capital stock of said companies so united, connec-

solidate.

ted and consolidated respectively, may at the pleasure of the

directors, constitute a common stock, and the respective

Companies, may therefore constitute one company and be

entitled to all the rights, privileges and immunities which

each of them possess, have and enjoy under and by virtue

of their respective charters.

SEC. 2. And be it further enacted, That the Baltimore

Lease and

and Cumberland Railway Company shall have the power to

Purchase.

lease or purchase, connect with and operate any railroad or

railroads, either in or out of this State, for the purpose of

carrying on its business; and shall have power to lease or

sell the railroad constructed by it to any other corporation

created by the laws of this State, or any other State, or

make any agreement or contract for the use of the said rail-

road, and of all or any of its property, on such terms and

for such time as may be agreed upon between it and any

other corporation created by the laws of this or any other

State, or between it and any individual or individuals as it

may deem best for the interest of said company.

SEC. 3. And be it further enacted, That in case of an

agreement for the union, connection or consolidation of the
Baltimore and Cumberland Railway Company with any

other railway company created by the laws of this State, or

any other State, whose capital stock may be of the par

value of one hundred dollars for each of its shares, then the

said Baltimore and Cumberland Railway Company is hereby

Right to
fix value

empowered, at the pleasure of its directors, to fix its shares

of Shares

of capital stock at the par value of one hundred dollars

each, instead of fifty dollars each, as provided by the cer-

tificate of incorporation of said company, and by the Gen-

eral Laws of Maryland, for the incorporation of railroad

companies; and such alteration of the par value of said

shares, if deemed necessary by the board of directors, may

be made by the exchange of two shares of the old for one

share of the new stock, in such manner as the board of

directors may direct.

SEC. 4. And be it further enacted, That the said Balti-

more and Cumberland Railway Company is hereby author-

Baltimore

sized and empowered to establish its principal office in the

Principal
Office.

city of Baltimore, and to increase its capital stock to ten

million dollars upon the vote of a majority of its share-

holders.