684

LAWS OF MARYLAND.

it shall not exceed six per centum, and not ex-
ceeding two per centum on the amount to be placed
in the hands of said collector for the City of Balti-
more, said commission to be levied for the use of
such collectors respectively, and to be collected as
other charges are collected.

In force.

Sec. 2. And be it enacted, That this Act shall
take effect from the date of its passage.

Approved March 30, 1868,

CHAPTER 367.

AN ACT to authorize the County Commissioners
of Anne Arundel County to subscribe in behalf
of said County to the Capital Stock of the Bal-
timore and Drum Point Railroad Company, and
issue bonds for the same, and provide for their
redemption.

Subscribe to
stock.

SECTION 1. Be it enacted by the General Assembly
of Maryland, That the County Commissioners of
Anne Arundel County, or a majority of them, be
and they are hereby authorized and empowered, if
in their judgment they shall deem it expedient, as
soon as a bona fide subscription for ten thousand
shares of the capital stock of the Baltimore and
Drum Point Railroad Company shall have been
made by other parties, to subscribe in behalf of
said county for a sum of money not exceeding two
thousand shares of the said stock, and in payment
of the said subscription to issue bonds in the name
of the County Commissioners of said county in

Hell bonds.

such sums, and redeemable in such time or times
within twenty years, as the said Commissioners
shall prescribe on the face of said bonds, and to
sell the said bonds and apply the proceeds of such
sales in payment for the stock so subscribed for by
them, and to each of said bonds shall be attached
coupons for the interest thereon, at the rate of six
per cent, per annum, payable half-yearly.