JOHN WALTER SMITH, ESQ., GOVERNOR.

105

the Circuit Court for Kent County aforesaid within six (6)
months from the date of its delivery, and a copy of such
record, duly certified by said clerk, under the seal of said Court,
shall be filed in the office of the Secretary of State of this
State, and the said deed, when so executed and acknowledged,
shall be prima facie evidence that the requisite consent of the
stockholders of the grantor corporation has been given
thereto, and that all other prerequisites to its execution and
delivery have been fully complied with. Said deed or
certified copy of the record thereof shall be at all times
receivable in evidence.
SEC. 4. After sale of its railroad, property, assets and fran-
chises, as authorized by this Act, and the appropriation of the
proceeds thereof, first by payment to creditors (if any), and,
secondly, by dividend among its stockholders, a dissolution of

CHAP. 82.

Deed
recorded.

said Baltimore and Delaware Bay Railroad Company, and the
termination of its corporate existence may be effected by bill
in equity, filed for that purpose in the Circuit Court for said
county of Kent. Said bill shall show the exact financial
status of the corporation ; shall state the names and residences
of its creditors (if any), and the amount due each ; the names
and residences and extent of the holdings of its stockholders,
and all other matters germane to the situation, so that said
Court may be fully informed in the premises. Upon the filing
of such bill, and such notice to creditors (if any), and also to
the stockholders, either actual or constructive, as the said

Dissolution
of company.

Court may deem proper and direct; and upon such further
proceeding and hearing as shall satisfy 'the Court that the
assets of the said corporation have been duly and properly
accounted for, administered and paid, the said Court shall, at
its discretion, direct a decree of dissolution, and upon the
making and entry of such decree the said Baltimore and
Delaware Bay Railroad Company shall thereupon become and
be absolutely dissolved, and its corporate existence terminated,
and all certificates representing its shares shall be surrendered
to the treasurer thereof for cancellation, and duly cancelled
accordingly.

SEC. 5. Be it further enacted, That this Act shall take
effect from the date of its passage.
Approved, March 20, 1902.

Decree of
dissolution
directed.