THOMAS SWANN, ESQUIRE, GOVERNOR. 685
Sec. 2. And be it enacted, That the said bonds
shall be exempt from county and municipal taxa-
tion, and the faith of Anne Arundel County is
hereby pledged for the redemption thereof.
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Bonds exempt
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Sec. 3. And be it enacted, That the said County
Commissioners shall levy on the assessable proper-
ty subject to taxation, for the ordinary expenses of
the said county, such sum or sums of money as
shall, in their discretion, be nessary for the prompt
payment of the principal and interest of the said
bonds.
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Levy tax.
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Sec. 4. And be it enacted, That the said County
Commissioners are hereby authorized to sell or
pledge the shares of stock which may be subscribed
for under the provisions of this Act, and apply the
proceeds to the payment of said bonds or the in-
terest thereon.
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Sell stock.
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Sec. 5. And be it enacted, That a majority of
said County Commissioners are hereby empowered
to vote the stock subscribed for by this Act at any
meeting of the stockholders of said Company, un-
der such conditions as the private stockholders may
be authorized to vote their individual stock.
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Vote stock.
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Sec. 6. And be it enacted, That this Act shall
be advertised in the newspapers published in Anne
Arundel County, for two months preceeding the
next election held for members of the House of
Delegates, and be subject to the approval of a ma-
jority of all the members elected to each House of
the General Assembly of Maryland, at its next ses-
sion after said election.
Approved March 30, 1868.
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Approval.
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CHAPTER 368.
AN ACT to incorporate the St. Martin's Inlet and
Navigation Company.
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SECTION 1 . Be it enacted by the General Assembly
of Maryland, That Lemuel Showell, James Wha-
ley, B. Jones Taylor, Thomas N. Tingle, Cyrus
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Incorporation
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