1835.

LAWS OF MARYLAND

CHAP. 286.

for such sum as the said company and the said Randel

have agreed upon or shall agree upon, to stand in the

hands of said trustees as a collaterial security or in-

demity for said debt, in addition to the certificate or

certificates of debt to be issued to said Randel or his

assignees, and the stock so created by way of collater-

al security for the purpose of indemnifying the said

Mode of disposing

John Randel, Junior, or his assignees, shall be good

and available in law in the hands of the said trustees

and shall draw interest at the rate of six per cent per

annum, payable semi-annually, and the amount of the

certificate therefor, shall be entitled to an equal pro-

portion of the whole nett profits of the tolls of said

company, with all certificates of debt, and the holders

of said certificate or certificates of debt, in the hands of

said John Randel Junior, or his assigns, shall in like

manner be entitled to an equal proportion of the whole

nett profits of the tolls of said company, with all other

the said creditors, and the full share or proportion of

tolls to which the said John Randall, Junior, or his as-

signs shall be semi-annually entitled, shall be ascer-

tained by adding the amount of the whole funded debt

of said John Randel, Junior, being the amount due to

him on his judgment, to the amount of said additional

certificate of debt, given him by way of security as

aforesaid, and stating the proportion, as the actual

debts of said company, are to the whole nett profits

arising from the tolls, so is the whole sum secured to

said John Bandell, Junior, by all the securities given

to him and his trustees aforesaid, to his semi-annual

share of said nett profits; the holder of any certificate

of any part of the debt due to said John Randel,

Junior, shall also be entitled to a proportional share of

the indemnity, or security in the hands of said trustees,

and for default of payment of the semi-annual interest

thereon, may direct the said proportional share to be

sold or such part thereof, as will be sufficient to pay

the interest in arrear and due, to him, and in such case

the purchaser or purchasers shall hold the debt so pur-

chased, free from the trust, and be forever entitled to

a proportional share of the tolls, with all the other

creditors; such sale shall be made on the written re-