1835.

LAWS OF MARYLAND,

in each and every year, and every portion of the said

CHAP. 379

funded debt, and the certificates representing the same,

except the said portion of the said John Randel, Juni-

When redeemable

or, shall be irredeemable by the said company, until

the expiration of twenty year's from the said first day

Convertible to ca-

of July, eighteen hundred and thirty-six; and shall du-

pital

ring that period be convertable into capital stock of

the said company, at the will of the holder, and if there

shall at any time be a deficiency in the means of the

said company to pay the whole of the said semi-annual

interest upon the whole of the said funded debt, then

J. Randall's certificates to have pre-

and in such case the holders of the certificates to be

ference in pay-

ment

issued for the said John Randel, Junior's portion, of

two hundred and twenty-nine thousand, eight hundred

and twenty dollars, shall be entitled to be paid the full

interest due upon each and every of their said certifi-

cates, so far as the means of the said company may go,

before it shall be lawful for the said company to pay

any portion of the interest which may be due upon any

And be paid before

other part of the said funded debt, nor shall it ever be

any dividend

lawful for the said company to pay any dividend of

profits to the stockholders or any of them, until all the

nterest due upon the whole of the said funded debt

shall have been paid, or set apart or provided for.

J. R's certificates

SEC. 4. And be it enacted, That the said debt of

redeemable with-in live years I

two hundred and twenty-nine thousand eight hundred

and twenty dollars, so as aforesaid to be funded on

account of the said John Randel, Jr., shall he redeem-

able at any time within five years from the first day of Ju-

ly, eighteen hundred and thirty six, and it shall be lawful

fr the said company, or for any person or persons by

them employed and empowered, upon such terms as

may be mutually agreed upon, to redeem the said debt

or any portion thereof, from time to time, at any time

within the said period, at par, and for that pin pose to

Notice

give notice of their intention so to do, of not less than

thirty nor more than sixty days, in two daily newspa-

pers published in the city of Philadelphia, in two pub-

lished in the city of Baltimore, and in one published in

State of Delaware, and the said redemption shall he

by payments to be made at the office of the company in

th city of Philadelphia, upon presentment and surren-

der to the company of the certificate or certificates of