INDEX TO THE LAWS.

Chap

Sec.

INTERNAL IMROVEMENT.— Before any such sub-

scription shall be made by the Treasur-

er to the Chesapeake and Ohio canal

company, said company shall guarantee

to the State from the profits on said work

six per cent per annum, payable half

yearly, upon the whole sum paid to said

company by virtue of this act,

395

7

Said payments to continue until the clear

profits of said company shall be adequate to

payment of six per cent, upon what she is

annually liable to pay this state , and the

same to all other stockholders except that of

the stock and debt of the old Potomac com-

pany,

"

7

Thereafter the state instead of 6 per

cent, shall receive a proportional divi-

dend with the other stockholders,

"

"

As soon as it shall appear to the Gov-

ernor, from estimates to be prepared and

approved, £c. that the Eastern Shore rail

road company, the Maryland canal com-

pany, and the Annapolis and Potomac

canal company, or either of them, shall

have adequate subscriptions, &c. with

this of the state, to complete said works,

the treasurer upon the Governor's certi-

ficate to that effect, shall subscribe, in

the case of the E. Shore rail road compa-

ny one million of dollars, and to the

other two companies $500, 000 each,

"

8

Such subscriptions not to be made to

either of the latter until such company

shall legally organize,

"

"

Payments to be made on such subscrip-

tions according to the stipulations of their

charters respectively, and provided other

stockholders shall pay proportionably,

"

"

Such payments to be made from the

funds provided under the provisions of

this act,

"

"

Before the subscription to the Mary-