212

LAWS OF MARYLAND.

SEC. 7. And be it enacted, That the said Bal-
timore and Eastern Shore Railroad Company
shall have power and authority to increase
their capital stock not to exceed five hundred

Issue bonds.

thousand dollars, and to issue mortgage bonds,
with or without coupons attached, in such
amounts as its Board of Directors may deem
advisable for building, equipping and main-
taining the said road, its extensions and
branches, and its steamships, steamboats and
barges; and it shall also have power and au-
thority to endorse or guarantee the bonds of
any other railroad Or steamboat company; the
said bonds to be made payable at such time
and on such terms as the Directors may deter-
mine; and the said company shall have also
the power and authority by their proper offi-
cers to mortgage the said road, its extensions

Mortgage.

and branches, with all their personal and real
estate, franchises, rights and privileges for the
security and payment of the said mortgage
bonds and other obligations of the said com-
pany.

Effective.

SEC. 8. And be it enacted, That this act shall
take effect from the date of its passage.

Approved April 1, 1886.

CHAPTER 134.

AN ACT to organize into a corporation the
purchaser or purchasers of any railroad or
railroads located within this State.

SECTION 1. Be it enacted by the General As-
sembly of Maryland, That in case of the sale
of any railroad situated wholly within this
State, or partly within this State and partly
within an adjoining State, or the District of
Columbia, heretofore or hereafter made by
virtue of any mortgage, deed of trust, whether
under foreclosure or other judicial proceed-