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Proceedings and Acts of the General Assembly, March 30, 1868
Volume 142, Page 3219   View pdf image (33K)
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THOMAS SWANN, ESQUIRE, GOVERNOR. 881

thousand dollars ; and to Calvert County, the sum
of one hundred and fifty-two thousand dollars ;
and as soon as it shall appear to the Treasurer of
this State, by the affidavit of the President of any
railroad company, now chartered, or which may
hereafter be chartered in said counties respectively,
that bona fide subscriptions to the capital stock of
any such company, equal in amount to the sum by
this Act authorized and directed to be given to
such county, shall be actually made either in land
or money, the Treasurer of this State shall be
and he is hereby authorized and required, in the
name and behalf of the State, upon the recom-
mendation of the County Commissioners of said

 

county making such application, to subscribe for
so many shares of the capital stock of the company
as shall amount to the sum which, by this Act, is
distributed and applied to said county ; and the
said Treasurer shall, out of any unappropriated
money in the Treasury, pay the installments on
each share of the capital stock of said company or
companies, for which he shall subscribe as afore-
said, on the warrant of the Comptroller, which
the latter officer is hereby directed to issue, as the
said installments may be called for by the County
Commissioners of said county and- agreeable to
the provisions of the Act incorporating said com-

State to sub-
scribe.

pany or companies ; provided, that the Treasurer
shall not at any time pay upon the State's sub-
scription to the capital stock of any of the said
companies a greater amount than shall have actually
been subscribed and paid, as required by this Act,
by other subscribers to the capital stock of the said
companies ; and provided further, that the said
Treasurer shall not pay more than one-fourth of
the whole amount appropriated under this Act in
any one year.

Proviso.

Sec. 2. And be it enacted, That if the whole
or any portion of the fund appropriated by this
Act shall not be demanded, according to the pro-
visions of this Act, by any of the counties referred
to, that then, and in that case, the aforesaid five
hundred thousand dollars set apart for and in-
tended to be applied to works of Internal Improve-
ments in said counties, shall be held sacred, and
the faith of the State pledged that the said amount
shall be exclusively devoted to works of Internal
56

Faith of State
pledged.



 

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Proceedings and Acts of the General Assembly, March 30, 1868
Volume 142, Page 3219   View pdf image (33K)
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