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SEC. 2. And be it enacted, That the said consoli-
dated company shall be entitled to all the rights and
privileges, and subject to all the restrictions and pro-
visions contained in the act to which this is a supple-
ment, except so far as the same may be altered,
repealed or modified by the provisions of this act.
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Rights and
privileges.
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SEC. 3. And be it enacted, That all contracts,
engagements and liabilities of the said Worcester
Rail Road Company, which may be subsisting at the
time of the consolidation, shall continue to bind said
company and its property, as fully as before the con-
solidation herein above authorised, or that the said
subsisting contracts, engagements and liabilities,
shall be duly adopted and assumed by the consolida-
ted company; that the said consolidated company,
shall have power from time to time to establish its
capital stock at an amount not exceeding five mil-
lions of dollars, the same to be represented by such
number of shares as the said consolidated company
may determine; that the said consolidated company
shall have power to make such provisions and regu-
lations as may be necessary to create and establish
said consolidated company, and bring its organiza-
tion into agreement, and consistency with the terms
and conditions of the charter of the several compa-
nies, of which the said consolidated company shall
be comprised; that the parties to the consolidated
company, shall be authorised and empowered to
adopt and conform the organization of the said con-
solidated company to such provisions or enactments
as may be required by the legislature, severally of the
States of Virginia, Delaware and New Jersey, touch-
ing the name of said corporation, and the construc-
tion of the board of president and directors in said
consolidated company, and the conditions relating
to their appointments.
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Powers and re-
sponsibilities.
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SEC. 4. And be it enacted, That this act shall
take effect whenever and as soon as the said parties
hereinbefore referred to, shall have agreed to con-
solidate their several companies into one, and shall
have settled, determined and agreed upon the terms
and conditions of such consolidation in conformity
with the provisions of this act, and shall make a full
record and report thereof, certified by the president
of said consolidated company, and have transmitted
the same to the Governor of Maryland, to be record-
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To take effect.
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