482

LAWS OF MARYLAND.

forty-six thousand four hundred and seventy dol-
lars, ($46,470,) and the State's common stock in
the main stem of the Baltimore and Ohio Railroad
Company, amounting to five hundred thousand
dollars, ($500,000,) the same to be disposed of in
the order above named, or so much thereof as may
be necessary for the purpose of paying and can-
celling so many of the said bonds of this State
already due and to become due in the year eighteen
hundred and seventy, as the holders thereof may
require to be paid, and who may refuse to accept
new and substituted bonds therefor, as hereinbe-
fore provided, and the Comptroller is hereby au-
thorized to draw his warrant upon the Treasurer,
who thereupon is authorized to pay to the holders
so demanding payment, the amounts of such bonds
upon which payment may be demanded.

Old bonds to
be cancelled.

Sec. 3. And be it enacted, That upon the issue
of any new bond, according to the provisions of
the first section of this Act, the Treasurer, in the
presence of the Comptroller, shall cancel the cor-
responding old bond, and after making proper
entry thereof, in a book to be kept for that pur-
pose, he shall, in the presence of the Governor and
Comptroller, destroy the old bond for which any
new bond has been substituted.

In force.

Sec. 4. And be it enacted, That this Act shall
take effect from and after the date of its passage.

Approved April 4. 1870.