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Maryland Manual, 1900
Volume 112, Page 74   View pdf image
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74 MARYLAND MANUAL.

SEC. 2. They shall exercise a diligent and faithful super-
vision of all Public Works in which the State may be inter-
ested as Stockholder or Creditor, and shall represent and vote
the stock of the State of Maryland in all meetings of the
stockholders of the Chesapeake and Ohio Canal; and shall
appoint the Directors in every Railroad and Canal Company
in which the State has the legal power to appoint Directors,
which said Directors shall represent the State in all meetings
of the Stockholders of the respective Companies for which
they are appointed or elected. And the President and Direc-
tors of the said Chesapeake and Ohio Canal Company shall so
regulate the tolls of said Company from time to time as to
produce the largest amount of revenue, and to avoid the in-
jurious effects to said Company of rival competition by other
Internal Improvement Companies. They shall require the
Directors of all said Public Works to guard the public inter-
est, and prevent the establishment of tolls which shall dis-
criminate against the interest of the citizens or products of
this State, and from time to time, and as often as there shall
be any change in the rates of toll on any of the said Works,
to furnish the said Board of Public Works a schedule of such
modified rates of toll, and so adjust them as to promote the
agricultural interests of the State; they shall report to the
General Assembly at each regular session, and recommend
such legislation as they may deem necessary and requisite to
promote or protect the interests of the State in the said Public
Works; they shall perform such other duties as may be here-
after prescribed by Law; and a majority of them shall be com-
petent to act. The Governor, Comptroller and Treasurer
shall receive no additional salary for services rendered by
them as members of the Board of Public Works. The pro-
visions of the Act of the General Assembly of Maryland of
the year 1867, Chapter 359, are hereby declared null and
void.

SEC. 3. [2.] The Board of Public Works is hereby author-
ized, subject to such regulations and conditions as the Gen-
eral Assembly may from time to time prescribe, to sell the
State's interest in all works of internal improvement, whether
as a stockholder or a creditor, and also the State's interest in
any banking corporation, receiving 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.*

*Thus amended by Act 1890, chapter 462, and ratified by the people,
November 3, 1891.


 

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Maryland Manual, 1900
Volume 112, Page 74   View pdf image
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