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Proceedings and Acts of the General Assembly, 1870
Volume 188, Page 3229   View pdf image (33K)
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690

LAWS OF MARYLAND.

 

CHAPTER 383.

AN ACT to transfer the sum of money appropri-
ated by Chapter three hundred and three, Sec-
tion one, Acts of General Assembly of eighteen
hundred and sixty, to the Elkton and Sassafras
Railroad Company, from said Company to the
Elkton and Massey's Railroad Company.

Appropriation
changed.

SECTION 1. Be it enacted by the General Assembly
of Maryland, That the sum of fifty eight thou-
sand dollars, appropriated by Chapter three hun-
dred and three, Section one, Acts of General Assem-
bly of eighteen hundred and sixty, to the Elkton
and Sassafras Railroad Company be, and the same
is hereby transferred to the Elkton and Massey's
Railroad Company, and as soon as it shall appear
to the Governor by the affidavit of the President
of said Elkton and Massey's Railroad Company,
that bona fide subscriptions to the capital stock of
said Company equal to the subscription on the part
of the State by this Act authorized and directed,
has been actually made, the Treasurer of this State
shall he, and he is hereby authorized and directed
in the name and on behalf of this State, to subscribe
for so many shares of the capital stock of said Com-

Treasurer to
pay.

pany as shall amount to the sum applied by this
Act to said Company, and the Treasurer shall, out
of any unappropriated money in the Treasury, pay
the installments on each share of the capital stock
of said Company for which he may subscribe as
aforesaid, on the warrant of the Comptroller, which
latter officer is hereby directed to issue, as said
installments may be called for, agreeable to the
provisions of the Act incorporating said Company;
provided, that the Treasurer shall not at any time
pay upon the State's subscription to the capital
stock of said Company, a greater amount than
shall have been actually paid by other subscribers
to the capital stock of said Company.

State Direct'rs

Sec. 2. And be it enacted, That the State shall
be entitled to two Directors in said road, the said
State Directors to be appointed in the same manner
as the Directors in all other works of internal im-
provements are appointed, where the State has a
representative.

 

 

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Proceedings and Acts of the General Assembly, 1870
Volume 188, Page 3229   View pdf image (33K)
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