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Session Laws, 1912
Volume 370, Page 1197   View pdf image
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PHILLIPS LEE GOLDSBOROUGH, ESQ., GOVERNOR. 1197

printing a full statement of the exact condition of said sink-
ing fund.

SEC. 7. And be it enacted, That the said County Commis-
sioners shall have power at any time out of any surplus funds
belonging to the said county to purchase and retire any of the
bonds hereby authorized to be issued at their market value, and
the same to cancel and destroy, after entering upon, their books
the date of such purchase and of such cancellation, and the
dates, amounts, numbers and other particulars of said bonds,
respectively; provided, that no bonds shall be purchased unless
all coupons thereof, respectively, not then due shall remain
attached to such bonds at the time of purchase.

SEC. 8. And be it enacted, That said bonds shall be deliv-
ered to the said Baltimore and Virginia Railroad Company
by the said County Commissioners when the roadbed of said
railroad shall in every respect be completed and ready for the
operation of trains and running over the same from a point
on the Washington, Baltimore and Annapolis Electric Rail-
way, at or near Millersville, through the lower section of Anne
Arundel county and through Calvert county to a point at or
near Drum Point, in said Calvert county, and not before. Pro-
vided, the said Baltimore and Virginia Railroad Company
begins actual construction of said road within nine months
from date of this act and completes same within two years
and three months from date of beginning.

SEC. 9. And be it enacted, That the said County Commis-
sioners of said county be and they are hereby authorized to
sell or pledge the shares of stock which may be subscribed, for
at not less than their par value, and to apply the proceeds there
of to the payment of said bonds and the interest thereon.

SEC. 10. And be it enacted, That the County Commission-
ers of said county, or a majority of them, are hereby authorized
and empowered either in person or by proxy to vote the stock
so to be subscribed for at any meeting of the stockholders of
said county, under such conditions as the private stockholders
may be authorized to vote their individual stock.

SEC. 11. And be it enacted, That this act shall be advertised
in the newspapers published in Calvert county for two months
preceding the next election for members 6f the House of Dele-
gates, and be subject to the approval of a majority of all the
members elected to each House of the General Assembly of
Maryland at its next session after the passage of this act. And
it is hereby made the duty of the said County Commissioners

 

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Session Laws, 1912
Volume 370, Page 1197   View pdf image
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