376

LAWS OF MARYLAND.

Pro rata

State upon receiving certificates for the pro rata

amount of
stock.

amount of the capital stock of the consolidated cor-

poration to which, as a stockholder of the Worcester

Railroad Company, the State shall be entitled under

said agreement of consolidation; provided that said

pro rata amount of said stock of the consolidated cor-

poration coming to the State under such agreement

shall not bear a less proportion to the amount of

stock of the Worcester Railroad Company held by the

State than the pro rata amount of stock of said con-

solidated corporation coming to any private stock-

holder of the Worcester Railroad Company under

said agreeement shall bear to the amount of stock

of the Worcester Railroad Company held by such

private stockholders.

SEC. 8. And be it enacted, That any other stock-

holder of the Worcester Railroad Company hereby

authorized to consolidate, who shall refuse to con-

vert his stock into the stock of the consolidated

company, may at any time within thirty days after

the adoption of said agreement of consolidation by

the stockholders of each of the consolidated compa-

nies, as in said act of the Legislature of Delaware

Apply by peti-

and as in this act provided, apply by petition to the

tion.

court of the county in which the chief office of

said the Worcester Railroad Company may be kept,

or to a judge of said court in vacation, if no court

sits within said period, on reasonable notice to said

company, to appoint three disinterested persons to

estimate the damages, if any, done to such stock-

holder by said proposed consolidation, and whose

award, or that of a majority of them, when con-

firmed by said court, shall be final and conclusive;

and the persons so appointed shall also appraise said

stock of said stockholder at the full market value

Appraise stock

thereof, without regard to any depreciation or appre-

ciation in consequence of said consolidation, and the

said company may, at its election, either pay to said

stockholder the amount of damages so found and

awarded, if any, or the value of the stock so ascer-

tained and determined, and upon the payment of

the value of the stock as aforesaid the said stock-

holder shall transfer the said stock so held by him

to said company, to be disposed of by the directors

of said company, or to be retained for the benefit of

the remaining stockholders; and in case the value