HENRY LLOYD, ESQUIRE, GOVERNOR.

77

empowered, with the assent and approval of
the holders of a majority of the capital stock
of said corporation, and on such terms as
such majority may think proper, to sell or
lease to any other railroad company or corpora-
tion, or to any other persons, the said railroad
and property, or any part thereof, with any or
all of its rights, privileges and franchises.

SEC. 5. And be it enacted, That it shall be
the duty of such new corporation within one
month after its organization, to make a cer-
tificate thereof under its common seal, at-
tested by the signature of its President, speci-

To sell or
lease.

fying the date of such organization, the name
so adopted, the amount of capital stock, and
the names of its President and Directors, and
transmit the said certificate to the Secretary
of State to be filed in his office and there re-
main of record, and a certified copy of such
certificate so filed shall be evidence of the
corporate existence of said corporation.

Certificate.

SEC. 6. And be it enacted, That this act shall
take effect from the date of its passage.

Approved March 24, 1886.

Effective.

CHAPTER 55.

AN ACT to authorize and direct the County
Commissioners of Dorchester county to bor-
row money on the credit of the county, for
the purpose of paying the county bonds
issued in eighteen hundred and sixty-seven,
to aid in building the Dorchester and Dela-
ware railroad, and falling due in the year
eighteen hundred and eighty-seven.

SECTION 1. Be it enacted by the General As-
sembly of Maryland, That the County Com-
missioners of Dorchester county be and they