1835.

LAWS OF MARYLAND.

CHAP. 379

among themselves of the nett proceeds arising from

the tolls, after deducting all expenditures to be au-

thorised by the company, or board of directors, or the

stockholders, according to the charter, to an extent

sufficient to cover at all times the interest due on their

said certificates, subject always to the established pri-

ority and precedence, secured as aforesaid to the

amount of the debt to be funded for the benefit of the

Dividends forbid, title satisfied

said John Randel, Junior, and his assigns, and it

shall not be lawful for the said company to make or

declare any dividend to or among its stockholders, or

any of them at any time, while any portion of such in-

terest shall remain unpaid and unprovided for, nor

shall interest be paid to any person now a loanholder

or holder of a certificate for money borrowed, whether

secured by a mortgage or judgment, until such person

shall have surrendered or offered to surrender such ex-

isting certificate, and have taken out or offered to take

out and receive the new certificates herein provided

for.

Debts must be sat-

SEC. 9. And be it enacted, That all judgments,

isfied

vouchers of or bonds for debts or claims shall be mutu-

ally satisfied, extinguished or delivered up cotempora-

neously with the, delivery by the said company of cer-

tificates of funded debt as aforesaid, save and except

J. B. judgment

that while the debt of the said John Handel, Jr., re-

continued

mains unsatisfied, or the certificates representing it

unredeemed, his said judgment iti the superior court

of the State of Delaware, shall be and remain as a

colateral security for the amount of the said debt, and

said preferred certificates, and of the priority herein

given, but the same shall be vacated, if required

whenever the said preferred debt is redeemed, or

whenever all the other creditors shall have, taken out

Entry directed

certificates as herein provided for, but in the mean time

an entry shall be made on the record of the said judg-

ment by the clerk of the said court, stating that it is

held and continued alive for the purpose expressed in

May be redeemed

this section, and if the said company shall through the

medium of other persons as hereinbefore provided,

cause the said preferd debt to be redeemed, and shall

create a new set of certificates or negotiate a loan for