JOINT RESOLUTIONS.

957

General Assembly of Maryland of eighteen hundred and

seventy-eight, amounting to five hundred thousand dollars,

with the coupons attached thereto, due July first, eighteen

hundred and ninety-two and thereafter, now in his hands

for the use of the several sinking funds, in the presence of

Thomas G. Hayes, committee on the part of the Senate

and James G. Berrett and Philip D. Laird, committee on

Committee.

the part of the House of Delegates and their certificates in

writing to that effect shall be a full discharge of the said

treasurer.

Resolved further, That the Comptroller of the Treasury

and Treasurer, be authorized to transfer whatever other

To transfer

stocks, bonds, together with any cash remaining to the

stock, &c

credit of said Treasury Relief Loan Sinking Fund, to the

Def'euse Redemption Loan Sinking Fund.

NO. 4.

Joint resolution authorizing the destruction of the bonds

of the exchange loan of eighteen hundred and eighty -nine,

acquired by the exchange of the preferred stock of the

Baltimore and Ohio Railroad Company, as authorized by

article twelve, section three of the constitution.

WHEREAS, the Board of Public Works by virtue of author-

ity contained in article twelve, section three of the con-

Preamble.

stitution of the State of Maryland, did exchange at 1.30

the State's interest as stockholder and creditor in the Balti-

more and Ohio Bailroad Company, amounting to nine

hundred and sixty -eight thousand six hundred and fifteen

dollars and seventy cents ($968, 615. 76) of the preferred

stock at its face value paying six per cent, and cash to the

amount of 77.69 for one million two hundred and forty-two

thousand and three hundred dollars ($1,242,300.00) of the

bouds of the exchange loan of 1889, and did cause the same

to be credited to a sinking fund for said loan ; and it is

eminently right and proper that said bonds should be

destroyed, and the debt of the State lessened to the

amount of same.

Therefore be it resolved by the General Assembly of

Maryland, That the Treasurer of the State be and he is

Treasurer
to destroy

hereby authorized to destroy the bonds of the exchange

exchange
loan

loan of eighteen hundred and eighty-nine, acquired as

bonds

aforesaid, amounting to one million two hundred and forty-

two thousand three hundred dollars, with the coupons

attached thereto, due on and after July 1st, eighteen