210

LAWS OF MARYLAND.

under the laws of this state, or of any other state;

provided, that the railroad of which it may so become

lessee, shall be a road connecting with, or in extension

of the railroad of said Western Maryland Railroad

Company, or of one of its branches, or connecting with

or in extension of a railroad leased, owned or operated

by said Western Maryland Railroad Company; the

What to in-

leases hereby authorized to be accepted, may include

clude.

any branches of the roads so leased, and the shops,

depots, buildings, elevators, wharves, piers, vessels and

other property of such roads and their branches, and

may be for such periods, and upon such terms as may

be agreed upon between the parties thereto, and shall

operate to confer upon said Western Maryland Rail-

road Company all the powers to use and operate the

roads and property so leased, as the lessor or lessors

thereof, may possess; said Western Maryland Railroad

Company is further authorized to contract with any

of the companies whose roads and other property it is

hereby empowered to lease, for the purchase of such

roads and other property, or any part thereof, and to

purchase the same, and receive conveyance thereof,

and shall thereby acquire such rights to hold and use

the property so conveyed or purchased as the vendor

or vendors thereof may possess; provided, however,

that no such lease or contract of purchase shall be

How sanc-
tioned.

entered into until the same shall have been sanctioned

by the holders of a majority of the shares of the capital

stock of said Western Maryland Railroad Company,

represented in person, or by proxy, at a general or

special meeting of its stockholders, convened accord-

ing to the terms of its charter.

SEC. 2. And be it enacted, That the Western Mary-

land Railroad Company shall have power to purchase

and hold, with all the rights of owners, shares of the

How or to pur-

capital stock of any of the railroad companies whose

chase and hold.

lines said Western Maryland Railroad Company is

hereby authorized to lease, and to guarantee the pay-

ment of the principal and interest of any mortgage

bonds of said railroad companies.

Approved March 27, 1884.