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Authorized to issue bonds.
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SECTION 1. Be it enacted by the General Assembly of Maryland, That the Cumberland Cast Steel Manufacturing Company may and is hereby authorized to issue coupon bonds bearing seven per cent, interest to an amount not exceeding forty thousand dollars, in sums not lees than one hundred dollars nor more than five hundred dollars, payable ten years after the date thereof, and to secure the payment of said bonds and coupons for semi-annual interest, at the rate of seven per cent, per annum, and may execute a deed of trust conveying all its property, real and personal, to Samuel P. Smith, John Humbird and Ferdinand Williams, in trust for the purpose of securing payment of said bonds and coupons.
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