856

LAWS OF MARYLAND.

CHAP. 698.

Authority to
buy, lease
to or consoli-
date with
other
railroad, etc

empowered to buy, lease, sell to or consolidate with any other
railroad or railway, and to connect with or enter into any traffic
agreement with any other railroad or railway, and to buy or
lease such land or property as the board of directors may deem
advantageous to said company, and that the board of directors
of said railway company are hereby authorized and shall have
power to issue in the name of said company bonds in such
amount as the board of directors may deem necessary to carry
into effect the provisions of. this section, and to secure the
payment of the same by mortgage of all or any part of the
property rights, franchises, tolls and revenues of said company,
including such property, if any, which may be acquired under
the provisions of this section.

SEC. 2. And be it enacted, That this Act shall take effect
from the date of its passage.
Approved April 11, 1902.

CHAPTER 599.
AN ACT to incorporate the Montibello Securities and Trust
Company of Baltimore, Maryland.

Body
corporate.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That William I. Norris, Frank H. Foutz, Sydney
Norris, all of Baltimore city; Charles W. Waidner, of Balti-
more county, and Michael J. Fahey, of Harford county, and
the subscribers to the stock of the incorporation hereby
created, and their successors and assigns, be and they are
hereby created a body corporate by the name of the Monti-
bello Securities and Trust Company of Baltimore, Maryland,
and by that name shall have perpetual succession, and shall
be competent to sue and be sued in any Court of Law or
Equity whatever, to have and use a common seal, and alter
the same at its pleasure, and to make and adopt a constitution
and by-laws for the government of said body corporate, and
its officers, agents and employes, and from time to time amend
the same; provided, such constitution, by-laws or amendments
thereto shall not conflict with the Constitution and laws of
this State or the United States; to elect all and singular acts,
contract matter and things as may be necessary to carry out
the objects and purposes, and to exercise the power and
powers by this Act conferred upon it; and for that purpose
shall have the right to establish and maintain branch offices or
places of business in the city of Baltimore.
SEC 2. And be it further enacted, That the capital stock of
said body corporate shall consist of five thousand shares of the