WM. T. HAMILTON, ESQUIRE, GOVERNOR

679

three, for the formation of accident insurance

Accident in-
surance.

companies on the assessment plan.

SEC. 2. And be it enacted, That this act shall

Effective.

take effect from the date of its passage.

Approved May 3, 1882.

Chapter 439.

AN ACT concerning corporate property and

franchises of the sale of certain railroad com-

panies and the organization of the purchaser or

purchasers into a corporation.

SECTION 1. Be it enacted by the General Assembly

of Maryland, That whenever the material, rolling

stock or property and franchises of any railroad

corporation or corporations created by or existing

under the laws of this State, whose line or lines

of railroads is or are located wholly on the east-

side of the Chesapeake bay or Susquehanna river,

shall be sold and conveyed under or by virtue of

Sold and con-

any process or decree of any court of this State

veyed.

or of the Circuit Court of the United States, or

under and by virtue of a power in any mortgage,

the person or persons for or ori whose account

such material, rolling stock, property and fran-

chises of any such railroad corporation or corpo-

rations may be purchased, shall be and they are

hereby constituted a body politic and corporate,

A body politic

and shall be vested with all the right, title, inter-

and corporate.

est, property, possession, claim and demand in

law and equity, of, in and to such material, rolling

stock, property or franchises of any such railroad

corporation or corporations, with the appurte-

nances, and with all the rights, powers, immuni-

ties, privileges and franchises of the railroad

corporation or corporations as whose the same

may have been sold, and which may have been

granted to or conferred thereupon by any act or

acts of assembly whatsoever in force at the time

of such sale and conveyance, and subject to all the