|
|
|
392
Sec. 39. The Governor, Comptroller, and Treasurer, of the
State, are hereby authorized, conjointly, or any two of them,
to exchange the State's interest in the Baltimore and Ohio
Rail Road Company, for an equal amount of the bonds or
registered debt now owing by the State, and subject to such
regulations and conditions as the General Assembly may
from time to time prescribe, to sell the State's interest in
the other works of internal improvement, whether as a
stockholder or a creditor, also the State's interest in any
Banking Corporation, and receive in payment the bonds and
registered debt, now owing by the State, equal in amount to
the price obtained for the State's said interest; Provided, that
the interest of the State in the Washington Branch of the
Baltimore and Ohio Rail Road be reserved and excepted
from sale; and that at the election to be held for the adop-
tion or rejection of this Constitution, the sense of the people
shall be taken, for or against the selling of the State's inter-
est in all the works of Internal Improvement or other corpo-
rations.
All of which is respectfully submitted,
PETER NEGLEY,
DANIEL CLARKE,
Jos. H. AUDOUN,
ISAAC D. JONES,
C. S. PARRAN.
Mr. Clarke submitted the following amendment:
Sec 39. Amend Majority Report of Special Committee, by
striking out all after the word "and, " in the 15th line, and
insert, ''provided further, that no sale or contract of sale of
the State's interest in the Chesapeake and Ohio Canal Com-
pany shall go into effect, until the same shall be ratified by
the ensuing General Assembly. "
Mr. Stirling submitted the following amendment to the
amendment,
Amend by striking out all after the words "provided
further, " and insert "that the State's interest in the Chesa-
peake and Ohio Canal, and the Chesapeake and Delaware
Canal, and the Tide Water Canal Companies be exempted
from said sale; "
On motion of Mr. Briscoe,
The subject was divided.
The question being on the adoption of the first clause of
|
|
|
|
 |
