1892.] OF THE SENATE. 1055

consolidation any stockholder of any company con-
solidating with the Union Passenger Railway Com-
pany as aforesaid, voting against said consolidation
or declining to assent to the same, shall be paid by
the consolidated company the actual market value of
the stock held by him in the company so consoli-
dating under the provisions aforesaid, and if the
parties cannot agree upon the value of the said stock,
the same shall be submitted to arbitration, one arbi-
trator to be appointed by each of the parties, and the
two so appointed to choose a third, and if they fail to
agree upon the third arbitrator, the Circuit Court of
Baltimore city shall, upon application of either party,
appoint such third arbitrator, and the decision of the
majority of the arbitrators so chosen shall be final
and conclusive on both parties, and to authorize said
corporation to issue its stock or bonds, and to endorse
or guarantee the stocks or bonds of other companies,
and to purchase other railways or the stocks or bonds
thereof."

"Section 2. And be it further enacted, that the said
Baltimore Union Passenger Railway Company, its
successors or assigns, are hereby empowered to en-
dorse or guarantee the bonds or other evidences of
indebtedness of other Passenger Railway Companies,
and to purchase such other railways, or to subscribe
or purchase the stock, bonds or other evidences of
debt of any company which may own or operate a
passenger railroad."

Alter by changing "section 2" to "section 3:"
Amend by striking out all after the word "com-
panies," in line 16, of section 1, down to and includ-
ing the words "prescribe," in line 19.

Which were concurred in, and bill passed by yeas
and nays, as follows :

AFFIRMATIVE.
Messrs. President, Posey,

Austin, Robinson,
Brown, Rogers,
Coffin, Seibert,
Dawson, Smith,
Evans, Toadvin,
Getty, Waters,