Except as provided in paragraph (2) of this subsection, a Maryland railroad company may locate, construct, maintain, and operate a railroad in the State if the railroad is not more than 100 feet wide at the graded surface. A railroad may be wider than 100 feet if the Maryland railroad company determines that it is necessary for: cuts and fills for a slope or embankment; multiple sets of tracks; or sidetracks, turnouts, depots, buildings, and other works connected with the operation of the railroad. A Maryland railroad company may acquire land and other property that it determines is convenient or necessary for the site of the railroad or for additions to the railroad by: purchase, either in fee simple or any lesser estate, in accordance with law; or condemnation under Title 5, Subtitle 4 of this article and Title 12 of the Real Property Article. A Maryland railroad company may acquire by purchase or gift lands near the railroad that it determines are necessary to secure the right-of-way or aid in the construction of the railroad. Land that a Maryland railroad company acquires may be held or conveyed as determined by the board of directors of the Maryland railroad company. Deeds and conveyances made by a Maryland railroad company shall be signed by the president of the company under its corporate seal. This section does not authorize a Maryland railroad company to condemn, use, or occupy any part of a highway, including the space under or over a highway, without the consent of the proper authorities of the municipal corporation or county where the highway is located.