sented that as all the tolls and revenues of said
company are pledged for the payment of the inter-
est upon and the final redemption of said bonds,
they are of right entitled to such a share in the
administration of said company as may enable
them to protect their paramount interest; there-
fore,

SECTION 1. Be it enacted by the General Assembly
of Maryland, That the Board of Public Works
be and they are hereby authorized and directed to
cast the vote of the State of Maryland as a stock-
holder in said company, and that at all meetings
of said stockholders hereafter at which the officers
of said company are elected, the said Board of
Public Works be and they are hereby directed to
cast the vote of the State of Maryland as a stock-
holder for such person as President and for such
four of the six Directors of said company as shall
be nominated or recommended in writing for said
officers respectively by a majority of the trustees
of the holders of said bonds or their successors
named in a deed of mortgage from said Canal
Company to Phineas Janney and others executed
in pursuance of said Act of eighteen hundred and
forty-four, chapter two hundred and eighty-one,
and in default of such nomination by a majority
of said trustees, then for such persons for said offices
respectively as shall be nominated therefore
in writing by a majority in value of the holders of
said preferred bonds.

Board of Pub-
lic Works to
cast the vote of
the State.

Sec. 2. And be it enacted, That it shall be the
duty of the said President and Directors as soon as
may be after their election to fund all the accrued
and unpaid interest on said bonds to the first day
of January, eighteen hundred and sixty-seven, and
upon all other claims which are preferred claims
and liens upon said tolls and revenues under said
Act of eighteen hundred and forty-four, chapter
two hundred and eighty-one, and to make a de-
tailed statement of said original bonds and funded
debt to the Treasurer of the State of Maryland as
soon as practicable and to issue certificates to the
holders of said funded debt and claims bearing in-
terest, payable semi-annually, and at the same time
the said company shall report to the Treasurer of)

Unpaid inter-
est to be fund-
ed.