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Proceedings and Debates of the 1867 Constitutional Convention
Volume 74, Page 670   View pdf image (33K)
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670
aforesaid. And it shall and may be lawful for the General
Assembly of this State to extend the period for which, the
said Commissioners or their successors may act for a further
term of five years, and for such further term of five years as
may appear to he conducive to the prosperity and good man-
agement of the said Chesapeake and Ohio Canal.
Provided, however, That it shall and may be lawful for
the General Assembly of Maryland, in case it should appear
that the interests of the State demand a change, to make such
alterations in the management of the Chesapeake and Ohio
Canal, and in voting the stock of the State in the Chesapeake
and Ohio Canal Company as the said General Assembly may
deem best.
And provided, further, That in whatever changes the Gen-
eral Assembly may hereafter make in the management and
control of said company, or voting the stock of the State in
said company, the said General Assembly shall be bound to
give, as far a possible, permanency and efficiency in the
management of said Canal, and exemption from partisan of
political control.
By Mr. Walsh.
Sec. 3. The Board of Public Works shall cast the vote of
the State of Maryland as stockholder in the Chesapeake and
Ohio Canal Company, at the meetings of the Stockholders of
said company, for President and Directors of said Company,
for President and two Directors of said Company of their own
selection, and for two Directors to he nominated in writing
by the Trustees under the mortgage executed by said Com-
pany in pursuance of the act of 1844, chapter 281, and their
successors, and for two Directors to be nominated in writing
by the Trustees of the Scripholders and other creditors of
said Company except the State of Maryland and the State of
Virginia, and the holders of Repair Bonds (the mode of ap-
pointing which Trustees is hereinafter provided for,) hut no
person shall be chosen as President of said Company who shall
not have been for five years next preceding his election a
citizen of the State of Maryland, and resident of Allegany
county, and four of the Directors shall he citizens of the State
of Maryland, and residents of the counties of Allegany, Wash-
ington, Frederick or Montgomery, and one a resident of the
District of Columbia, but not more than two of said Directors
shall be residents of the same county at the time of their elec-
tion, or during their continuance in office.
Sec, —. As soon as practicable after the adoption of this
Constitution one or more of said creditors may give notice, to
be published for three weeks successively in one or more
newspapers printed in the counties of Allegany. Washington,


 
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Proceedings and Debates of the 1867 Constitutional Convention
Volume 74, Page 670   View pdf image (33K)
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