1108

LAWS OF MARYLAND.

tioD, which fact. shall be established by the return of the county
surveyor of eaid county to the County Commissioners, and
which return said county surveyor will be bound to make in
accordance with the true facts of the case.
SEC. 9. And be it enacted, That upon the payment of the

Representa-
taon in the
board of
directors.

first instalment of said subscription on behalf of said Caroline
county the said county shall be entitled to have a representation
in the board of directors of the eaid railway company of two
members out of the whole nine members or said board, to be
appointed by the order of said Board of County Commissioners,
certified to the meeting of the stockholders of said railway com-
pany, held for the election of directors next after the payment
of said subscription, and the other stockholders of said com-
pany shall be entitled to elect the remaining members of the
laid board of directors.
SEC. 10. And be it enacted, That said railway company shall

Connect with
any other
line ot
railway.

have power to connect with any other line of railway which it
shall touch or intersect, and to approach or cross said other
sines or line of railway at grade or under grade or above grade,
as may be most convenient, and said company may lease its
property to any other railway company intersecting therewith,
or may lease any other lines of railway connecting therewith,
and may unite or consolidate with the eaid other railway com-
panies, and exchange its stock for the stock of such other railway
company, so as to merge or consolidate itself in or with said
other company, and the County Commissioners of the counties
holding stock of the said railway company are authorized to
sell, deliver, transfer or exchange said stock in accordance with
the terms of said lease, transfer, merger or consolidation, as
the same may be ordered or effected, by the board of directors
of said railway company.

SEC. 11. And be it enacted, That the capital stock of the

Capital stock
to remain
in the hands
of said
county.

said railroad company subscribed for by said county in accord-
ance with the terms of this Act, shall be and remain in the
hands of said county or its assigns, preference stock of said
company to be described and known as such, and shares of
stock so as aforesaid subscribed for by said county through the
County Commissioners, shall be entitled to a dividend out of
the net earnings of said railroad company prior to the declara-
tion or payment of dividends upon all other shares of the
capital stock of said railroad company up to and not exceeding
four per centum per annum on the par value of said prefer-
ence stock, which dividend it shall be the duty of the board of
directors to ascertain and declare if earned in each year, and