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CHAP. 361.
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the and interest of, in and to the said branch or lateral
rail road to any individual or individuals, or to the com-
pany hereinafter incorporated or authorised to be incor-
porated by this act, upon such terms for such considera-
tions, and under such stipulations as they may deem just,
equitable and proper, if such sale should by them be
deemed advisable to ensure the prompt construction and
completion of the said branch or lateral railroad; and
the said purchaser or purchasers from the date of said
transfer or conveyance shall have and be fully invested
with all the rights, powers, privileges and property
which the said Baltimore and Susquehanna rail road now
have and possess, or will have and possess by virtue of
this act, or the act to which this is a supplement of, in
and to the said branch or lateral rail road; provided, that
no transfer or conveyance of the same shall be made,
until the said branch or lateral rail road shall have been
constructed and completed for at least one-half of the
distance from its present beginning on the main stem of
the Baltimore and Susquehanna rail road to the town of
Westminster, in Carroll county.
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Powers of
President and
Directors.
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SEC. 5. And be it enacted, That if the president and
directors of the said company shall deem it advisable,
necessary or expedient for the construction and comple-
tion of the said branch or lateral rail road, that the same
should be made, constructed and completed by a new
company, distinct and separate from the present compa-
ny, the said president and directors shall have power and
authority to convene the shareholders of the additional
stock taken and subscribed under the authority of this
act in general meeting, due notice having been first given
of the time and place of such meeting, and if the said
shareholders having a majority of said shares shall at such
meeting make, sign and execute a written instrument sig-
nifying their desire and consent to be and become a cor-
porate body, and shall afterwards have the same record-
ed in Baltimore county court, then and from thenceforth
they, their successors and assigns, shall be and become
a body corporate by the name and style of the Baltimore
and Westminster Rail Road Company; and the said
shareholders at said general meeting, shall elect three
commissioners, who shall within sixty days from the time
when the said written instrument shall have been filed
with the clerk of Baltimore county court for record, give
such public notice as they may deem proper, of a time
and place of meeting for the said shareholders to elect
seven directors to manage the affairs of said company by
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