THOMAS W. VEAZJEY, ESQUIRE, GOVERNOR,

1835.

CHAPTER 127

CHAP. 127.

An act to authorise the City of Baltimore City to sub-

Passed Feb. 25. 1836

scribe to the Capital Stock of the Baltimore and Ohio

Sail Road.

SECTION 1. Be it enacted by the General Assembly of

Subscription au-thorised

Maryland, That the Mayor and City Council of Bal-

timore be, and they are hereby authorised and empow-

ered to subscribe to the capital stock of the Baltimore

and Ohio Rail Road company, any amount of money

which they, the said Mayor and City Council may at

any time or times hereafter think advisable, to the

amountof three millions of dollars, over and above the

sums of money heretofore subscribed by them.

SEc. 2, And be it enacted, That with a view to pro-

Loan authorised

cure and raise the funds or money necessary for the

Subscription or subscriptions authorised by this act,

the said Mayor and City Council of Baltimore are

hereby empowered, over and above any existing privi-

lege to raise money heretofore imposed upon them, to

borrow any amount of money not exceeding three mil-

lions of dollars, from such persons, on such terms, and

for such length of time as they, the said Mayor and

City Council from time to time may find convenient

and expedient for the accomplishment of the purposes

contemplated by this act.

SEC. 3. And be it enacted, That the said Mayor and

Taxation authori-sed

City Council of Baltimore are hereby authorised and

empowered in addition to any power of taxation here-

tofore vested in them to levy upon the assessable pro-

perty, within the limits of the city of Baltimore, or

Collect by tax according to the usual mode of raising

money by taxation in the said city of Baltimore, any

Sum or sums of money which may be necessary to pay

and discharge the principal and interest of any loan

or loans, which may be, obtained by the said Mayor

and City Council of Baltimore in pursuance of this

act.

SEC. 4 And be it enacted, That the city of Balti-

Additional direc-

more may appoint an additional director of said com-

tors.

pany for every five thousand shares of this stock of the