JAMES THOMAS, ESQUIRE, GOVERNOR.

18333.

CHAPTER 33.

CHAP. 33.

An additional Supplement to the act, entitled, aw act to pro-
mote Internal Improvement by the construction of a Bail
Road from Baltimore to the city of Washington,

Passed Feb. 6, 1834

Section 1. Be it enacted by the General Assembly of
Maryland, That the Treasurer of the western shore, be,
and he is hereby authorised and directed to receive from
the Baltimore and Ohio Rail Road company the certificates
of four and a half per cent stock of the state of Maryland
heretofore issued to pay the instalments called for upon the
stock subscribed by the state, to the capital stock of the
said company to be applied to the construction of a Rail
Road from Baltimore to the city of Washington.

Treasurer may re-
ceive back the 4 1/2
per cent. certifi-
cates

Sec. 2. And be it enacted, That upon the receipts of the
said certificates of four and a half per cent stock, the
Treasurer of the western shore is directed to cancel the
same, and to issue and deliver to the said Rail Road com-
pany certificates of the stock of the state of Maryland,
bearing an interest of five per cent, per annum, payable

Cancel them— and
issue 5 per cent.

semi-annually, redeemable at the pleasure of the state, af-
ter the expiration of twenty-five years from the date of
such certificates, for the sum of fire hundred thousand dol-
lars, being the entire amount of the instalments on the sub-
scription of the state as aforesaid, to be applied to the con-
struction of a Rail Road from Baltimore to the city of
Washington; Provided, that before such certificates shall
be delivered as aforesaid, the President and Directors of
the said company shall prepare and deposit with, said Trea-

Redeemable

surer an obligation on the part of the said company, pledg-
ing the property and revenues of the said company for se-
curing to the said state, the payment of the interest semi-
annually, on so much of the stock to be issued by virtue of
this act as shall be equal to the difference actually existing
at the time of such semi-annual payments between the
amount of the instalments paid by the state of Maryland,
and the amount of instalments paid by the individual stock-

Pledge required

holders; and the said semi annual interest shall be regular-
ly paid into the Treasury of the western shore by the said
company, at least twenty days before it shall be payable by
the state.

To secure payment
of interest

Sec. 3. And be it enacted, That the said Baltimore and
Ohio Rail Road company shall render to the Treasurer of
the western shore, a full and perfect account of the pro-

Account of sales
required