JOHN LEE CARROLL, ESQUIRE, GOVERNOR. 325

ing: The directors of said two corporations may
enter into an agreement under the corporate seal of	An agree-
each for the consolidation of the said two corpora-	ment.
tions, prescribing the terms and conditions thereof,
the mode of carrying the same into effect, the num-
ber of the directors of said new corporation, which
shall not exceed thirteen (13), the time and place of
holding the first election of directors of said new
corporation, the manner of converting the shares of
capital stock in each of said two corporations into
shares of the new corporation, with such other de-
tails as they may deem necessary and requisite to
perfect such consolidation of said two corporations,
and such agreement of the said directors shall be
deemed the agreement of the said two corporations
after it has been submitted to the stockholders of
each of said corporations separately, at meetings
thereof to be called upon a notice of at least thirty	Notice in
days, specifying the time and place of such meet-	newspapers.
ings and the object thereof, to be published for at
least three successive weeks in one or more newspa-
pers in Baltimore and Harford counties, and has
been sanctioned by such stockholders by the vote of	Sanctioned
at least two-thirds in amount of the stock of each of	by vote.
said corporations voting by ballot either in person
or by written proxy, each share of capital stock be-
ing entitled to one vote.
SEC. 2. And be it enacted, That upon making the
agreement mentioned in the preceding section in the
manner required therein, and filing a duplicate or	File duplicate
counterpart thereof in the office of the Secretary	of agreement
of State, and the carrying into effect the details of
such agreement as provided therein, the aforesaid
two corporations shall be merged in the new corpo-	New corpor-
ration, called as aforesaid " The Baltimore and Delta	ation
Railway Company."
SEC. 3. And be it enacted, That upon the election	Election of
of the first Board of Directors of the Baltimore and	Directors.
Delta Railway Company as aforesaid, as provided
for in this act, all and singular the rights and fran-
chises of each of said two corporations, parties to
the agreement aforesaid, all and singular their rights
and interest in, and to every species of property,
real, personal and mixed, and things in action, in-