HARRY HUGHES, Governor

4415

party be dissatisfied with such award, exceptions thereto
shall be filed on or before the first day of the term of
court succeeding the date of the award; and thereupon the
court shall fully hear and consider the [said] exceptions,
and either affirm the [said] award or set the same aside, as
it shall determine, and if set aside, appoint three other
disinterested commissioners to make another appraisement.

209.

It shall be lawful for any railroad company,
incorporated under the laws of this State, or of any other
state of the United States, owning a railroad in this State,
connecting with that of any other railroad company of this
State, or of any other state of the United States, in this
State, and owning at least two thirds of the capital stock
of the latter, to acquire, in the manner hereinafter
provided, and thereafter to be possessed of, own, hold,
exercise and enjoy, all the property, real and personal, and
all the rights, privileges and franchises and credits then
possessed, owned, held or exercised by said last-mentioned
vendor corporation; and such acquisition shall be effected
in the manner and upon the conditions hereinafter stated, to

wit:

First. The corporations shall, pursuant to resolution
duly adopted by the directors of each, make and execute,
under their respective corporate seals, duly attested, an
agreement providing for such acquisition and sale,
specifying all essential details, terms, stipulations and
conditions thereof, and particularly showing the number of
outstanding shares of capital stock of. the vendor
corporation, the amount fixed as the price or value per
share thereof, and the mode by which the respective holders
shall receive payment for the same, and with a map of the
railroad to be acquired thereunder, annexed to and made part
thereof.

Second. Said agreement, after due notice is given all
directors of such corporation, shall be submitted for
approval or disapproval to the stockholders of each
corporation at separate meetings, either annual or special,
duly convened, and if said agreement shall be approved by a
majority of the stockholders of each corporation present at
such meeting, then that fact shall be certified by the
secretary of each corporation under its corporate seal, and
a copy of the agreement, with said certificates attached,
shall be filed with an application drawn in accordance with
Rule 10 of the present Rules of Practice and Procedure of
the Public Service Commission of Maryland, with the Public
Service Commission of Maryland, for their approval; and upon
the approval thereof by the Public Service Commission of
Maryland, a copy of the agreement, with a certified copy of
the order of Public Service Commission of Maryland approving
the same, shall be filed in the office of the Secretary of