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and accepting this act, to unite and consolidate their
company or corporation with the York and Maryland
Line rail toad company, the York and Cumberland
rail road company and the Susquehanna rail road com-
pany in the State of Pennsylvania, so as to form and
constitute one company or corporation, to be called the
Northern Central railway company, on such terms and
conditions, and conformably to such agreements and
regulations as the said several companies shall respec-
tively determine and adopt, subject nevertheless to the
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following general provisions: First, That all existing
contracts, engagements and liabilities of the said Balti-
more and Susquehanna rail road company shall con-
tinue to bind said company and its property as fully as
before the consolidation herein above authorised, or
that the said existing contracts, engagements and liabili-
ties shall be duly adopted and assumed by the consoli-
dated company except as herein expressly altered or
rescinded; Second, That all laws heretofore made in
reference to the said Baltimore and Susquehanna rail
road company, and not repealed or modified by the le-
gislature of Maryland, and all ordinances relating to
said company heretofore made and not repealed by the
Mayor and City Council of Baltimore, shall be binding
and operative upon the said consolidated company, so
far as its property or its operations may be, within the
jurisdiction of the State of Maryland or the city of Bal-
timore respectively, and so far as the said laws or ordi-
nances may be applicable to, and consistent with the
new organization of the said consolidated company;
Third, That the said consolidated company shall have
power from time to time to establish its capital stock at
an amount not exceeding eight millions of dollars, the
same to be represented by such number of shares as the
said consolidated company may determine, and that
the said consolidated company shall have power to is-
sue their bonds convertible into stock on such terms as
the company may prescribe, and to secure the same by
one or more mortgages, for any such amounts as they
may find necessary for paying off any existing debt or
engagement of the company, completing the road to
Sunbury, stocking the road, laying a double track on
the same or any part thereof, and for extending their
road to tide water, and constructing such docks and
other fixtures as they may find necessary; Fourth,
That the said consolidated company shall annually
elect at such time and place as shall be appointed and
required by the by laws of the company, twelve direc-
tors, who together with such additional directors as may
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Provisions.
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