HENRY LLOYD, ESQUIRE, GOVERNOR

pany incorporated under this law, upon such
terms as may be agreed upon; provided, how-
ever, that the agreement for any such sale,
lease, assignment, transfer or consolidation,
shall be submitted to the stockholders of the
railroad company incorporated under this law
at a special meeting called for considering the
same, and shall be sanctioned by the holders
of two-thirds of the stock represented at such
meeting in person or by proxy, and if sanc-

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tioned at such meeting, shall be filed in the
office of the Secretary of State of this State ;
and provided, further, that such agreement
shall contain no provisions in conflict with the
provisions of this law, or which shall exempt
such railroad so far as it lies within this
State from the operation of the laws of this
State.

SEC. 5. And be it enacted, That any railroad
company incorporated under the provisions of
this act, shall also have power to purchase or

Stockholders
to ratify.

contract for the use and enjoyment, in whole
or in part, of any other railroad or railroads
lying within or without this State, if the
same shall connect with or form a continuous
line with the railroad of the company incor-
porated under this act

SEC. 6. And be it enacted, That any corpora-
tion organized under the provisions of this

May purchase
other roads.

act, who shall have purchased an incompleted
railroad, shall have ten years from the date
of its organization to complete and finish the
main line of its railroad.

SEC. 7. And be it enacted, That no corpora-
tion shall be established under the provisions

When to com-
plete.

of this act, unless it shall allow and issue to
this State the same proportion of its common
stock, if any, as the State shall own of the
capital stock of the corporation whose railroad
shall have been purchased as aforesaid.

State'slnterest.

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

Approved March 31, 1886.

Effective.