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Session Laws, 1908 Session
Volume 483, Page 1246   View pdf image (33K)
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1246 LAWS OF MARYLAND.

damming of said river and granting a right of eminent domain
to said company in aid thereof; and

Whereas thereafter said company completed its said dam
and development and operated the same for many years, mort-
gaging the same, together with all its other property, rights
and franchises, to the Germantown Real Estate Trust and De-
posit Company of the State of Pennsylvania to secure first
and third mortgage bonds issued to raise funds for said devel-
opment and paying off outstanding liens, and again mortgag-
ing the said property, rights and franchises to D. C. Wharton
Smith, trustee, to secure second mortgage bonds issued to raise
funds .for the betterment of said developments, and subse-
quently default having been made under the conditions of
said mortgages, the said first mortgage was foreclosed and said
property, rights and franchises were bought by the holders
of said second and third mortgage bonds, who immediately
organized the said Susquehanna Power Company, a new cor-
poration by the name of the Susquehanna Power and Paper
Company of Harford County, to take over said property, rights
and franchises and to continue said development and had the
same conveyed thereto; and

Whereas the General Assembly subsequently, by several Acts,
that is to say, 1900, chapter 248, 1902, chapter 135, and 1906,
chapter 386, amended the charter of the said Susquehanna
Power Company, recognized said development and its plans
in reference thereto and to aid in accomplishing the same
greatly enlarged its powers, and the said company has pro-
ceeded under the powers of eminent domain conferred by said
Acts; and

Whereas The erection of a dam or dams on said river for
power purposes makes possible the slack-water navigation of
said river as herein set forth, all of which uses are highly im-
portant for the welfare of this State.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That all powers contained in the Act of the General As-
sembly of Maryland of 1884, chapter 85, entitled "An Act to au-
thorize the Susquehanna Water Power and Paper Company of
Harford County to acquire certain property by condemnation,"
and in the Act of said General Assembly of 1900, chapter 248,
entitled "An Act to amend the charter of the Susquehanna Power
and Paper Company of Harford County, a corporation organ-
ized under the Public General Laws of the State of Maryland, to
enlarge its powers and to change the corporate name thereof
by omitting therefrom the words 'of Harford County,' " and all
proceedings of the Susquehanna Power Company under said

 

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Session Laws, 1908 Session
Volume 483, Page 1246   View pdf image (33K)
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