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LAWS OF MARYLAND.

nies formed under the laws of this or any other State of the
United States, and from time to time may endorse, guarantee
or assume the bonds, evidences of indebtedness or capital stock
of any such railroad company ; it may from time to time
acquire, own and hold, endorse or guarantee the stocks and
bonds, or either, of any inland, coast or ocean transportation
company or companies ; and it may develop or aid in the devel-
opment of its business by acquiring or guaranteeing the stocks
and bonds, or either, of hotel, lighterage, wharf, warehouse,
elevator, dry dock and other companies whose enterprises facili-
tate transportation or are necessary or convenient in connec-
tion therewith, or as a part thereof. Such corporation as to
any stock acquired or held by it in other corporations, shall
possess and be entitled to exeicise all the rights, powers and
privileges of individual holders and owners thereof, and its
president, officers or directors shall be eligible to the office of
director or officer of such other corporation or corporations the
same as if they were individually shareholders therein.

SEC. 4. And be it enacted, That the corporation so formed
may issue its capital stock of one or more classes or kinds, and
in one or more series or grades, with such preferences, condi-

Capital stock
Issued.

tions and voting power as shall be provided in the certificate
tiled under section 1 hereof, or as to any subsequent increase
of capital stock, as shall be provided in the resolutions of the
majority in amount of the stockholders authorizing the issue
of the same, and may sell or otherwise dispose of the same at
such prices and on such terms as may be approved by such
majority of stockholders at any meeting, and may receive in
payment therefor property, securities or shares in any railroad
or other corporation mentioned in this Act, and any stock so
issued and sold or disposed of shall be deemed fully paid and
nonassessable; and from time to time it may increase or
decrease the amount of any class or kind or grade of such
stock with the approval of the majority in amount of the
stockholders given at a meeting of stockholders called for that
purpose, unless and except as otherwise expressly provided in
the certificates representing stock previously issued ; and in
case of such increase of capital stock, the new shares of each
class of stock shall be of such par amount and shall entitle the
holders to such vote respectively as shall be determined by the
stockholders in like manner. The corporation so formed may
from time to time borrow money to such amounts as it may
deem expedient, and issue bonds or other evidences of indebt-
edness therefor, and may secure the same by mortgage or deed