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Proceedings and Debates of the 1867 Constitutional Convention
Volume 74, Page 251   View pdf image (33K)
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251
The aggregate investments of the State of Maryland in the
Chesapeake and Ohio Canal Company, classed under their
respective heads.
FIRST CLASS—MORTGAGE DEBT.
Loan of the Company under the Act of 1834,

Chapter 241, bearing interest at the rate

of six per ceat. per annum, secured, by

Mortgages executed under said Act and

the Act of 1844, Chapter 281, Section 7.
$2,000,000 00
Interest due and in arrear thereon to May 31st

1867.................................................
3,295,000 00
Interest in arrear on the Bonds issued by Mary-

land in payment of her preferred Stock

which is secured by Mortgages executed

under the Acts of 1838, Chapter 386 and

389, for the term of three years, ending

1st of July, 1842................................
663,611 94
Premium charged for converting paper into

coin in payment of interest........................
9,975 00

$5,968,586 94
SECOND CLASS— PREFERRED STOCK.

Subscription to Capital Stock under the Act of
1835, Chapter 395, on which six per cent

dividends are guaranteed, from the 1st of

July 1842, payable out of the nett rev-

enues...............................................
$3,000,000 00
Subscription under the Act of 1838, Chapter

396, upon which six per cent dividends

payable out of the nett revenues, are in

like manner guaranteed........................
1,375,000 00
Guaranteed dividends on said preferred stock

in arrear to the 31st of May 1867, paya-

ble out of the nett profits of the Canal...
6,431,250 00

10,806,250 00
THIRD CLASS— COMMON STOCK.

Original subscription under the Act of 1827,

Chapter 105......................................
$500,000 00
Subscription under the Act of 1833, Chapter

239.................................................
125,000 00



$625,000 00


 
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Proceedings and Debates of the 1867 Constitutional Convention
Volume 74, Page 251   View pdf image (33K)
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