Maryland a statement of all other debts due by
said company setting forth their several amounts
and character.

To be kept
in good navi-
gable order.

Sec. 3. And be it enacted. That it shall be the
duty of the said President and Directors to keep the
said canal in good, navigable order and repair for
permanent use, to provide the necessary supply of
water and to pay the salaries and current expenses,
including all expenses incurred since close of navi-
gation in the autumn of eighteen hundred and
sixty-six before any of the tolls and revenues shall
be otherwise applied by them, and whenever and
as often as the coal trade of the said Chesapeake
and Ohio Camal Company is injuriously affected
by a reduction of the rates of transportation on
coal by the Baltimore and Ohio Railroad, the
President and Directors of the said Canal Company
are hereby authorized and required to reduce the
rates of toll in a similar ratio so as to maintain
its equality of advantage with the said Railroad
Company in the transportation of coal, and when
this Act shall cease to be in force the said Presi-
dent and Directors shall deliver the same over to
the stockholders in good navigable order and
repair.

Section re-
pealed.

Sec. 4. And be it enacted, That so much of the
fifth section of the said Act of eighteen hundred and
forty-four, chapter two hundred and eighty-one,
as limits the amount of the sinking fund for the
redemption of said bonds to twenty-five thousand
dollars a year be and the same is hereby repealed,
and the said Canal Company shall annually here-
after on the first day of January pay to the Trea-
sury of the State of Maryland, who shall receive
the same under the responsibilities of his office all
the surplus net revenues of the said company after
paying current expenses and interest on the bonds
and funded debt arising under said Act of eighteen
hundred and forty-four, chapter two hundred and
eighty-one, and the said Treasurer shall invest the
same from time to time as a sinking fund for the
redemption of said bonds and funded debt accord-
ing to their priorities, and the moneys so paid and
invested shall be held and be considered as held
by the State of Maryland as agent for the holders
of the said bonds and funded debt, and the same