620

LAWS OF MARYLAND.

such stockholder, within thirty days after the com-

pletion of such consolidation, to apply by petition

Chancery ju-
risdiction.

to any court having chancery jurisdiction in the
county or city in which the principal office of such

company in this State may be (a copy of which pe-

tition shall be served on the new company) to

appoint three disinterested persons to estimate and

Appraise dam-

appraise the damage, if any, done to such stock-

ages.

bolder by the said consolidation; and their award,

or that of a majority, when confirmed by the court,

shall be final and conclusive; and they shall also

appraise the share or shares of stock of such stock-

holder at their full market value without regard to

any appreciation or depreciation arising from said

consolidation, and their appraisement, or that of a

majority of them, when confirmed by the court,

Final and con-
clusive.

shall be final and conclusive, and the said new com-

pany may, at its election, pay to such stockholder

the amount of the damages so estimated or the value

of the stock so appraised, and such stockholder, upon

receiving such damages or such value of the stock

held by him, shall transfer such stock to said new

company, to be disposed of by the directors thereof,

or retained by them for the benefit of the stock-

holders of such new company, and upon payment of

the value of the stock as aforesaid, the said stock-

holders shall transfer the stock so held by them to

said company, to be disposed of by the directors of

said company or retained by them for the benefit of

the remaining stockholders.

SEC. 3. And be it enacted, That this act shall take

Rffective.

effect from the date of its passage.

Approved May 3, 1882.