174 CONSTITUTION OF MARYLAND. [ART. XIII

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
exchange 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 Balti-
more and Ohio Railroad be reserved 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 Chesa-
peake and Delaware Canal, and the Susquehanna and Tidewater
Canal Companies shall go into effect until the same shall be
ratified by the ensuing General Assembly.

[Sec. 3. The Board of Public Works is hereby authorized,
subject to such regulations and conditions as the General
Assembly may from time to time prescribe, to sell the State's
interest in all 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 regis-
tered debt now owing by the State, equal in amount to the
price obtained for the State's said interest. ]*

ARTICLE XIII.

NEW COUNTIES.

Section 1. The General Assembly may provide, by Law,
for organizing new Counties, locating and removing county
seats, and changing county lines; but no new county shall be
organized without the consent of the majority of the legal
voters residing within the limits proposed to be formed into
said new county; and whenever a new county shall be pro-

*Thus amended by Act 1890, ch 362, and ratified by the people November 3, 1891