302

LAWS OP MARYLAND. .

ferry boats to be used by the said corporation in carrying of pas-

sengers and subserve the public welfare; and

WHEREAS, in the erection of implements and the carrying on

Preamble.

of said ferry the said company have incurred a floating indebted-
ness, and find it necessary for the proper accommodation of the.

business of the city of Baltimore and its citizens to make other

improvements and furnish better facilities at said ferry, and for

this purpose to borrow money; therefore,

SECTION 1. Be it enacted by the General Assembly of Maryland,

That the term of the corporate existence of the Broadway and

To extend

Locust Point steam ferry company of Maryland, be and the same

is hereby extended for an additional period of twenty years from

the expiration of the twenty years mentioned by section one, of

the aforesaid act of eighteen hundred and seventy-six, chapter

three hundred and one.

SEC. 2. And be it further enacted, That the said Broadway and

Locust Point steam ferry company of Maryland, be and is hereby

authorized and empowered to borrow money and issue promissory

Bonds

notes, bonds or other evidences of indebtedness for the same to

the extent of fifty thousand ($50,000) dollars, and to execute and

issue a mortgage or bonds on property of said company to secure

the payment of the said promissory notes, bonds or evidences of

indebtedness.

SEC. 3. And be it further enacted, That the said Broadway and

Locust Point steam ferry company of Maryland is authorized and

empowered to erect and build two or more good and substantial

steam ferry boats, staunch and seaworthy and supplied according

to the laws and ordinances in such cases made and provided; to

Boats.

pay off their present indebtedness or such portion thereof as they

may deem wise; to make such repairs or improvements on the

property or the line of the said ferry as they in their discretion

may deem proper, and to use the said fifty thousand ($50,000)

dollars or so much thereof as may be necessary to carry out the

object and the aims as aforesaid.

Effective.

SEC. 4. And be it enacted, That this act shall take effect from

the date of its passage.

Approved April 3, 1890.