INDEX TO THE LAWS.
|
 
|
 
|
 
|
Chap.
|
Sec.
|
INTERNAL IMPROVEMENT— Said companies shall
|
 
|
 
|
not reduce tolls so as to prevent Mary-
|
 
|
 
|
land from receiving 6 per cent upon her
|
 
|
 
|
interest therein,
|
395
|
9
|
Three commissioners to be appointed to
|
 
|
 
|
negotiate a loan,
|
"
|
11
|
Certificates of stock or bonds of the
|
 
|
 
|
State to be issued therefor, bearing in
|
 
|
 
|
terest at 6 per cent, redeemable at plea-
|
 
|
 
|
sure after fifty years,
|
"
|
"
|
Not to exceed eight millions of dollars,
|
"
|
"
|
Shall not be sold for less than to nett
|
 
|
 
|
the State 20 per cent above the par value
|
 
|
 
|
thereof,
|
"
|
"
|
Said Com'rs, authorised to contract, &c.
|
 
|
"
|
Their compensation one-fourth of one
|
 
|
 
|
per centum, to be deducted from the bonus,
|
"
|
"
|
The faith of the State pledged for the
|
 
|
 
|
payment of said loan and interest accord-
|
 
|
 
|
ing to the contract,
|
"
|
"
|
The balance of premium obtained, after
|
 
|
 
|
paying the interest that may accrue upon
|
 
|
 
|
the advances to be made to the several
|
 
|
 
|
companies for the first three years, as
|
 
|
 
|
well as the dividends that within said
|
 
|
 
|
three years maybe received from said com-
|
 
|
 
|
panies, and the bonuses receivable from
|
 
|
 
|
the several banks chartered since 1 Jan.
|
 
|
 
|
1836, appropriated to a sinking fund set
|
 
|
 
|
apart for the redemption of the loan autho-
|
 
|
 
|
rised under this act,
|
"
|
13
|
Baltimore and Ohio rail road required
|
 
|
 
|
to provide sufficient cars, and suitable de-
|
 
|
 
|
pots for public accomodation, under pe-
|
 
|
 
|
nalty of suit for damages in the case,
|
"
|
14
|
In case a direct tax shall become ne-
|
 
|
 
|
cessary in order to provide for the sup-
|
 
|
 
|
port of government, or sustain the public
|
 
|
 
|
credit, it shall be laid according to the
|
 
|
 
|
13 art. of declaration of rights, and the
|
 
|
 
|
faith of the State is pledged to lay such
|
 
|
 
|
tax accordingly,
|
"
|
15
|
106
|
 
|
 
|