|
|
|
|
|
410
|
LAWS OF MARYLAND.
Shore Railroad Company and which was to be second to a
|
|
|
|
mortgage to Baltimore City to the amount of five hundred
|
|
|
|
thousand dollars and,
|
|
|
Preamble.
|
WHEREAS, said Talbot County at an election held on the
eight day of November in the year eighteen hundred and
|
|
|
|
eighty-seven determined by a majority of its qualified voters
|
|
|
|
to endorse the bonds of said railroad company to the
|
|
|
|
amount of fifty thousand dollars and,
|
|
|
|
WHEREAS, the said Act of Assembly of eighteen hundred
|
|
|
Preamble
|
and eighty-six, chapter five hundred and nine was by joint
|
|
|
|
resolution number eleven duly approved by the General
|
|
|
|
Assembly of eighteen hundred and eighty-eight as the
|
|
|
|
constitution of this State directs ; and,
|
|
|
|
WHEREAS, by an Act of the General Assembly of Mary-
|
|
|
Preamble
|
land passed at its January session in the year eighteen
|
|
|
|
hundred and ninety chapter one hundred and fifty-eight
|
|
|
|
the Baltimore and Eastern Shore Railroad Company agree
|
|
|
|
to except from Talbot County a subscription of twenty-five
|
|
|
|
thousand dollars to the capital stock of said company in
|
|
|
|
lieu of the endorsement of its second mortgage bonds to the
|
|
|
|
amount of fifty thousand dollars as hereinbefore recited and
|
|
|
|
the County Commissioners of Talbot County were authorized
|
|
|
|
and empowered to subscribe to the capital stock of said rail
|
|
|
|
road company to the amount of said sum of twenty-five
|
|
|
|
thousand dollars, provided, the question of such supscrip
|
|
|
|
tion should be first submitted to the qualified voters of said
|
|
|
|
county at an election then to be held on the fourth day of
|
|
|
|
November, in the year eighteen hundred and ninety, and a
|
|
|
|
majority of said qualified voters voting at said election
|
|
|
|
should determine in favor of such subscription and,
|
|
|
|
WHEREAS, at said election held on the fourth day of
|
|
|
Preamble,
|
November, in the year eighteen hundred and ninety the
|
|
|
|
question of subscription of twenty -five thousand dollars by
|
|
|
|
Talbot County to the capital stock of said railroad company
|
|
|
|
was submitted to the qualified voters of said county and a
|
|
|
|
majority of the voters voting at said election did determine
|
|
|
|
in its favor and it now becomes necessary for the County
|
|
|
|
Commissioners of Talbot County to carry out in good faith
|
|
|
|
the agreement made by them with said railroad company
|
|
|
|
and ratified by a majority of the voters of said county in
|
|
|
|
the manner hereinbefore recited therefore,
|
|
|
|
SECTION 1. Be it enacted by the General Assembly of
|
|
|
To issue
|
Maryland. That the County Commissioners of Talbot
|
|
|
bonds.
|
County be and they are hereby authorized and empowered
|
|
|
|
to issue coupon bonds of said Talbot County to be signed
|
|
|
|
by the president of the board of commissioners of said county
|
|
|
|
|
|