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Sec. 3. And be it enacted, That the corporation
hereby created is also vested with all neces-
sary power and authority to lay down and con-
struct, and to use and operate Passenger Railways
in any street, or streets, in the city of Baltimore,
other than those named in the said ordinance,
with the consent of the Mayor and City Council of
Baltimore, and with the restrictions and limita-
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Corporation
empowered to
construct pas-
senger rail-
ways.
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tions, and upon the terms and conditions in the
said ordinance mentioned; provided, .that the said
Mayor and City Council shall have the privilege,
within two years after the expiration of fifteen
years from, the date of the passage of said ordi-
nance, to purchase and buy out the said corpora-
tion, and all its property and franchises, whether
originally conceded by the ordinance aforesaid,
or granted by this act, for and at a fair and
equitable consideration, or value, and in case of a
disagreement, as tu the said value and considera-
tion, the Mayor and City Council aforesaid,
shall appoint one referee, and the corporation
hereby created shall appoint another referee, who
in event of disagreement shall appoint an umpire,
the decision of whom shall be final as to the price
to be paid as aforesaid ; and provided further , that
if the said Mayor, and City Council shall decline,
or neglect to give notice to the said corporation of
their intention to make said purchase within the
aforesaid two years, then the grants and privileges
held and enjoyed by said corporation, shall con-
tinue to belong to it for fifteen years longer from
the expiration of said original fifteen years, sub-
ject to all the terms aud conditions imposed and
recognized by this act, and continuable thereafter
in like manner from time to time as aforesaid,
upon the said terms and conditions.
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Provisos.
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Sec. 4. And be it enacted. That the corporation
hereby created be and they are hereby required to
pay over to the Register of the city of Baltimore, I
the one-fifth portion of the whole passenger re-
ceipts of this corporation, at or before the stated
periods named in the aforesaid recited ordinance
of the city of Baltimore ; in default of which pay-
ments on or before the days'appointed therefor,
this corporation shall be liable to the penalty of
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One-fifth of
receipts to be
paid to the City
Register.
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