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Session Laws, 1892
Volume 397, Page 835   View pdf image (33K)
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FRANK BROWN, ESQUIRE, GOVERNOR.

835

CHAPTER 621.


AN ACT tp authorize the mayor and city council of Balti-


more City to acquire a majority of the capital stock of the


Baltimore and Eastern Shore Railroad Company, and a


controlling interest therein and to enter into an agree-


ment with the present creditors thereof on certain terms.


WHEREAS, an act was passed by the General Assembly


of Maryland in eighteen hundred and eighty-six, (1886)

Preamble.

authorizing the mayor and city council of Baltimore to pass


an ordinance to endorse the first mortgage bonds of the


Baltimore and Eastern Shore Railroad Company not exceed-


ing five hundred thousand dollars ($300,000; and the coun-


ties of Talbot, Caroline, Dorchester and Wicomico, to


endorse the bonds of the said company not exceeding two


hundred thousand dollars ($200,000) the said bonds endorsed


by said counties to be second only to the bonds endorsed by


Baltimore City, provided that the board of Trade, Merchants'


and Manufacturers' Association, the Corn Exchange, and


the Old Town Association of said city, should recommend to


said council the passage of said ordinance.


AND WHEREAS, the said trade association at their special


or general meetings did appoint committees to investigate


the propriety of said recommendations, and the said com-

Preamble.

mittee made their investigation by going over the route, and


reporting favorably to their respective associations and said


associations recommended the said city council to pass said


ordinance and the said ordinance was passed with only two


dissenting votes, but was vetoed by the mayor of said city,


thereby depriving the said company of said aid as also the


aid of said counties under the terms of law yet notwith-


standing these discouragements the road was built as con-


templated in said act from Claiborn to Salisbury, as dis-


tance of fifty-seven (57) miles, with three (3) miles of siding


suitable docks and piers, at Claiborn and Bay Ridge, com-


plete set of water tanks, pumps, switches, turn-tables, station


houses, office fixtures, telegraph lines, locomotives, and other


rolling stock.


AND WHEREAS, in addition to said fifty-seven (57) miles,


the said railroad company has purchased the railroad run-


ning from Salisbury to Ocean City, a distance of. thirty-one

Preamble.

(31) miles, from the bondholders of the Wicomico and


Pocomoke Railroad 'Company, together with their locomo-


tives, and other rolling stock and all other property belong-


ing to said railroad, and has relaid said road with steel rail


and put it in complete order the entire work from Claiborn




 
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Session Laws, 1892
Volume 397, Page 835   View pdf image (33K)
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