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Session Laws, 1896 Session
Volume 475, Page 789   View pdf image (33K)
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LLOYD LOWNDES, ESQUIRE, GOVERNOR.

and proper, and be issued and disposed of, from time to time,
upon such terms as they shall determine, and as may be agreed
upon; and in case of sale made by virtue of said mortgage or
mortgages, whether under foreclosure or other judicial pro-
ceedings, or pursuant to any power contained in said mortgage
or mortgages, the purchaser or purchasers thereof, or his or
their survivor or survivors, representatives or assigns, may,
together with their associates, if any, form a new corporation
for the purpose of owning, possessing, maintaining and operat-
ing said property and franchises, and thereupon vest in such
new corporation all the faculties, powers, rights, immunities,
privileges, property and franchises possessed by said Electric
Power Company, and a certificate of the formation of said
new corporation shall be executed by the said purchaser or
purchasers, his or their survivor or survivors, representatives
or assigns, together with their associates, if any, and be
acknowledged and recorded as other certificates of incorpora-
tion are at present directed to be acknowledged and recorded,
in Article twenty-three of the Code of Public General Laws
of Maryland, title "Corporations," sub-title "General Regula-
tions."

789

SEC. 3. And be it further enacted, That said company, or
its duly authorized agent or agents, may contract and agree
with the owner or owners, whether individuals, firms or corpo-
rations, to purchase and hold in fee simple, or for a term of
years, any land or property, or any easement or right therein,
or appurtenant thereto, or for the use, possession or occupation
of the same, or any part thereof, or of any earth, gravel,
stone, timber, streams, rivers, canals, races, water-ways, water-
power, or of any improvements or any part thereof whatever
deemed by said company necessary, requisite and proper, and
wanted by it for carrying out its objects and purposes; and
if they cannot agree, or if the owner or owners, or any of
them, be an infant, trustee, feme covert, who is not possessed
of the property to her sole and separate use, and authorized
to contract for the same, or non compos mentis, or for any
other cause, be legally incapable of contracting, or out of the
county in which such property may lie when such property
may be wanted, said company is hereby authorized and em-
powered to acquire the same by condemnation, in the manner
eet forth in sections one hundred and sixty-seven and one
hundred and sixty-seven A, of Article twenty three of the Code
of Public General Laws of Maryland, title " Corporations,"
instead of in the manner set forth in sections two hundred

Power of
condemna-
tion.




 
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Session Laws, 1896 Session
Volume 475, Page 789   View pdf image (33K)
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