lxxiv CONSTITUTION OF MARYLAND. [ART. 12.

the injurious effects to said Company of rival competition by other
Internal Improvement Companies. They shall require the Di-
rectors of all said Public Works to guard the public interest and
prevent the establishment of tolls which shall discriminate against
the interest of the citizens or products of this State, and from time
to time, and as often as there shall be any change in the rates of
toll on any of the said Works, to furnish the said Board of Public
Works a schedule of such modified rates of toll, and so adjust
them as to promote the agricultural interests of the State; they
shall report to the General Assembly at each regular session and
recommend such legislation as they may deem necessary and requi-
site to promote or protect the interests of the State in the said
Public Works; they shall perform such other duties as may be
hereafter prescribed by Law; and a majority of them shall be
competent to act. The Governor, Comptroller and Treasurer
shall receive no additional salary for services rendered by them as
members of the Board of Public Works. The provisions of the
Act of the General Assembly of Maryland of the year 1867,
chapter 359, are hereby declared null and void.

SEC. 3. The Board of Public Works is hereby authorized to ex-
change the State's interest as Stockholder and Creditor in the
Baltimore and Ohio Railroad Company for an equal amount of
the bonds or registered debt now owing by the State, to the extent
only of all the preferred stock of the State on which the State is
entitled to only six per cent, interest, provided such exchange
shall not be made at less than par, nor less than the market value
of said stock; and the said Board is authorized, subject to such
regulations and conditions as the General Assembly may from
time to time prescribe, to sell the State's interest in the other
Works of Internal Improvement, whether as a Stockholder or a
Creditor, and also the State's interest in any banking corporation,,
receiving in payment the bonds and registered debt now owing
by the State, equal in amount to the price obtained for the State's
said interest; provided, that the interest of the State in the
Washington Branch of the Baltimore and Ohio Railroad be re-
served and excepted from sale; and provided further, that no sale
or contract of sale of the State's interest in the Chesapeake and
Ohio Canal, the Chesapeake and Delaware Canal, and the Sus-
quehanna and Tide-water Canal Companies shall go into effect.
until the same shall be ratified by the ensuing General Assembly.