678

LAWS OF MARYLAND.

legal voters of the said county, at the next election

for members of the House of Delegates, in favor of

county subscription to the capital stock of said com-

pany, and the approval of this act by a majority of

all the members elected to each House of the Gen-

eral Assembly of Maryland, as hereinafter provided

for, be and they are hereby required to subscribe for

the capital stock of said company to any amount

they may think necessary to construct and complete

the Railroads of said company, not exceeding in the

whole the sum of thirty thousand dollars, and in

payment therefor to issue, on the credit of said county,

and deliver to said company at their par value, the

bonds of said county, redeemable in twenty years

from the date thereof, bearing interest at the rate of

six per centum per annum, payable half yearly; and
the faith and property of said county are hereby

pledged for the payment and redemption of the prin-

cipal and interest of the said bonds; provided, that

Proviso

one-fourth only of the amount of said bonds shall be

issued and delivered to said company, until the said

road shall have been surveyed and laid down, and

one-fourth of the length of said road be graded, and

another fourth thereof when the whole line of said

road shall have been graded, and another fourth

thereof when one-half of the road shall have been

Instalments

fully built and constructed, and the remaining fourth

of said bonds shall be issued and delivered to said

company when the said railroad is fully built and

constructed, and in good running order, from the

town of Vienna, in Dorchester county, to the point

at which it intersects the Dorchester and Delaware

Railroad ; and that the said bonds shall not be issued

in any greater instalments nor at any earlier period

than as above provided for.

Exempt from

SEC. 2. And be it enacted, That the said bonds, when

taxation.

issued, shall be exempt from all taxation for county

purposes.

SEC. 3. And be it enacted, That at the next regular

Submitted to

election for members of the House of Delegates, this

voters

act shall be submitted to a vote of the persons le-

gally qualified to vote at such election for members

of the House of Delegates; and at said election, it

shall be lawful for each person qualified to vote as

aforesaid, besides the vote which he may cast for the