171.A ANNE ARUNDEL COUNTY. [ART. 2.

BALTIMORE AND DRUM POINT RAILROAD COMPANY.

1873, ch. 245.

264. The county commissioners of Anne Arundel county are
authorized and empowered, in the name of and for the said county,
to subscribe for and hold shares of the capital stock of the Balti-
more and Drum Point Railroad Company, to an amount not
exceeding two hundred thousand dollars, at the par value of said
shares.

Ibid.

263. For the purpose of meeting the said subscription, the said

county commissioners are authorized and empowered to issue
bonds in the name of the said county, in denominations not less
than fifty dollars or more than one thousand dollars, bearing
interest at the rate of six per centum per annum, and payable at a
period not more than twenty years from the date of their issue;
and to each of the said bonds shall be attached coupons for the
payment of interest thereon, payable semi-annually, which said
coupons shall be receivable in payment of any county taxes by the

county commissioners of the said county.

Ibid.

266. The said bonds shall be exempt from county and munici-
pal taxation, and the faith of Anne Arundel county is pledged
for the redemption thereof.

Ibid.

267. The county commissioners of the said county shall levy
from year to year, on the assessable property of the said county,
such sum of money as shall in their discretion be deemed neces-
sary for the prompt payment of the principal and interest of said
bonds.

Ibid

268. All sums levied on account of the principal of said bonas
shall be collected by the collectors, or other officers or officer who