1831.
|
LAWS OF MARYLAND,
|
CHAP. 224.
|
into effect the provisions of the act of seventeen hundred
|
 
|
and eighty-nine, chapter fifteen, and the supplement of eigh-
|
 
|
teen hundred and one, chapter twenty-nine; to extend the
|
 
|
said drain or branch, from a place called Stratton, in the
|
 
|
possession of Solomon Scott, in Queen Anne's county, down
|
 
|
to, and through a tract of land to a place called the Sleeper.
|
 
|
CHAPTER 224.
|
Passed Mar, 7,1832
|
A supplement to the act, entitled An act for the promotion of
|
 
|
Internal Improvement.
|
Certificates of
|
Section 1 . Be it enacted by the General Assembly of Mary-
|
stock to be issued.
|
ryland, That the treasurer of the western shore, be, and
|
 
|
he is hereby authorised and directed, whenever application
|
 
|
shall be made to him for that purpose, by the president and
|
 
|
directors of the Baltimore and Susquehanna Rail Road
|
 
|
Company, or as soon as conveniently may be thereafter, to
|
 
|
issue, and deliver to the said company, certificates of the
|
 
|
stock of the state, bearing interest from the first day of
|
 
|
March, eighteen hundred and thirty-three, payable quarter-
|
 
|
ly, for an amount equal to the whole of the residue, which
|
 
|
shall then be unpaid of the stock subscribed for, on behalf
|
 
|
of the state of Maryland, in the said company, and which
|
 
|
said certificate shall be redeemable, and the premium there-
|
 
|
on subject to the same disposition, as is provided by the act,
|
 
|
to which this is a supplement.
|
Security accepted,
|
Sec. 2. And be it enacted. That the security heretofore
|
 
|
given by the said company, to the mayor and city council
|
 
|
of Baltimore, for the joint and equal benefit of the said
|
 
|
mayor and city council and the state of Maryland, be, and
|
 
|
the same is hereby accepted in the manner, and upon the
|
 
|
terms provided by an ordinance of the said city, passed on
|
 
|
the twenty-fifth day of April, eighteen hundred and thirty-
|
 
|
one, entitled, An ordinance relating to the Baltimore and
|
 
|
Susquehanna Rail Road stock, as a security for the pay-
|
 
|
ment of the interest quarterly, on so much of the stock to
|
Quarterly interest
howpay a bit.
|
' be issued by virtue of this act, as shall be equal to the dif-
|
 
|
ference, actually existing at the time of such quarterly pay-
|
 
|
ments, between the amount of the instalments paid by the
|
 
|
state of Maryland, and the amount of the instalments paid
|
 
|
by the individual stockholders, and the said quarterly inter-
|
 
|
est shall be regularly paid by the said company into the
|
 
|
treasury of the western shore, at least ten days before it
|
 
|
shall be payable by the state.
|