326

LAWS OF MARYLAND.

eluding all subscriptions to the stock of either of

Deemed

said corporations, shall be deemed to be transfered

transferred.

to and vested in the said Baltimore and Delta Rail-

way Company without any other deed of transfer,

and such new corporation shall hold and enjoy the

same, together with all the rights of way and all

other rights of property in the same manner and to

the same extent, as if the said two corporations, par-

ties to such agreement, should have continued to re-

tain the title and transact the business of such cor-

porations, and the titles and the real estate acquired

by either of said two corporations shall not be deemed

to revert or be impaired by means of anything in

Rights of

this act contained ; provided that all rights of cred-

creditors and
liens.

itors and all liens upon the property of either of said

corporations, parties to said agreement, shall be and

hereby are preserved unimpaired, and the respective

corporations shall continue to exist as far as may

be necessary to enforce the same; and provided

further that all the debts, liabilities and duties of

either company shall thenceforth attach to such new

corporation and be enforced from the same to the

same extent and in the same manner as if such debts,

liabilities and duties had been originally incurred by

All subscrip-

it, and that all subscriptions to the stock of either of

tions

said corporations, which shall be acquired by and be-
come vested in the Baltimore and Delta Railway Com-
pany under this act and the agreement aforesaid,

may be collected by the said Baltimore and Delta

Railway Company, as provided for by section seven

of this act.

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

more and Delta Railway Company, so formed as

aforesaid, their successors or assigns, shall be and are

Created a

hereby created and declared to be a body corporate

body corpor-

and politic by the name and style aforesaid, and by

ate.

that name shall and may have perpetual succession,

and be capable in law of purchasing, holding, im-

proving and disposing of property, real, personal

or mixed, for the purposes hereinafter authorized,

and may sue and be sued, plead and be impleaded,

answer and defend in all courts of law and equity in

Make, ese-
cute, &c.,

this State, and may make, execute and deliver, or have

deeds, trans-

or cause to be made, executed and delivered to them

fers, &c.

all deeds, transfers, gifts, grants, conveyances, cove-