1835.

LAWS OP MARYLAND.

at the par value thereof will he adequate to the con-

CHAP. 395.

struction of the rail road or canals respectively or

either of them, as the case may he, which said compa-

ny or companies, may be respectively authorized to

make, the said Treasurer shall be and he is hereby, on

the governor's certificate to him in the premises, author-

ised and directed in the name and behalf of the State

Sums respectively

of Maryland, in the case of the Eastern Shore Rail

Road Company, to subscribe for ten thousand shares

or one million of dollars of the capital stock of said

company, and in case of the Annapolis and Potomac

Canal Company, five thousand shares, or five hundred

thousand dollars of the capital stock of said company,

and in the case of the Maiyland Canal Company, fire

thousand shares, or five hundred thousand dollars of

Companies first to

the capital stock of said company; Pro-aided, that noi

organize

subscription shall be made by the said Treasurer to

either of the said companies last mentioned until such

company shall have been organised agreeably to law,

Payment thereon directed

and the said treasurer, shall pay the instalments on

each share of the capital stock of either or each of the

said companies herein mentioned, for which he may

subscribe as aforesaid, as the same shall be called for,

agreeably to the provisions of the acts incorporating

the said companies and the supplements thereto respec-

Same as other

tively; Provided, that no instalment on any of the stock

stockholders

of any of thecompanies mentioned in this act, shall

be paid by him, until after an equal proportional pay-

ment shall have been actually made by the other stock-

holders on their shares of the capital stock of such

company, and the said treasurer shall make said pay-

From what fund

ments on the stock so subscribed by him, out of the mo-

ney which he shall receive as the par or sum of the;

stock or bonds of the State, that may be issued or dis-

Relation to Mary-

posed of under this act, for the purposes thereof, and as to

land Canal

said subscription to the stock of the Maryland Canal

Company it is pro\ided, that before the subscription

shall be made, it shall upon reports and estimates to

Actual survey and

be submitted to the Governor and Council, after an

estimate

actual survey of the said routes by engineers to be

appointed as is hereinafter prescribed, be by their

judgment ascertained, whether and at what expense