Banking pro-
hibited.

Sec. 11. And be it enacted. That nothing in this
Act contained shall be so taken or construed as to
allow the said corporation to issue any note, token,
scrip, device, devices, or other evidence of debt to
be used as currency.

In force and
reservation.

Sec. 12. And be it enacted, That this Act shall
take effect from and immediately after the date of
its passage, and the General Assembly reserves to
itself the right to alter, amend or repeal this Act
at pleasure.

CHAPTER 359.

Passed Mar.
20,1867.

AN ACT entitled, an Act to authorize the Board
of Public Works to vote the stock of the State
in the Chesapeake and Ohio Canal Company for
a President and four Directors upon the nomi-
nation of the holders of the preferred bonds of
said company.

Preamble.

WHEREAS, It has been represented to this Gen-
eral Assembly by the holders of the bonds of the
Chesapeake and Ohio Canal Company, issued un-
der the Act of the General Assembly, passed at
December session, eighteen hundred and forty-
four, chapter two hundred and eighty-one, that
the said Canal Company has failed since the first
day of January, eighteen hundred and fifty-two,
to pay any interest upon said bonds, or to make
any provision for the sinking fund required by
said Act, and that the amount of the preferred
debt taking precedence of the liens of this State
bad, on the thirty-first day of May, eighteen hun-
dred and sixty-five, reached the large sum of four
millions and forty-eight thousand dollars, and the
said preferred debt is rapidly increasing; and
whereas, the State of Maryland is interested in
said company only as a stockholder and as a cred-
itor holding claims postponed to those of the said
bondholders, and the said bondholders have repre-