JOHN LEE CARROLL, ESQUIRE, GOVERNOR. 427

CHAPTER 265.
AN ACT to authorize the Mayor and City Council
of Baltimore to protect its interest as creditor of,
and guarantor for, and stockholder in, the Western
Maryland Railroad Company, and to convert the
obligations of said company now held or hereafter
to be held by the Mayor and City Council of Bal-
timore, into the preferred stock of said company,
and to issue the stocks or certificates of debt of
the Mayor and City Council of Baltimore, so far
as may be necessary for said objects, to an amount
not exceeding, however, the sum of six hundred
thousand dollars.
SECTION 1. Be it enacted by the General Assembly
of Maryland, That the Mayor and City Council of
Baltimore be and they are hereby authorized and
empowered to convert any bonded or other indebt-
edness of the Western Maryland Railroad Company,
now held or hereafter to be held by the Mayor and	Convert into
City Council of Baltimore, into the preferred stock	preferred
of said company, and also to purchase or pay any	stock.
or all of the bonds and coupons of said company
which have been endorsed or guaranteed by the said
Mayor and City Council of Baltimore, and to con-
vert the same into the preferred stock of the said
company, the said stock, to be of such series and
issued in such manner as may be agreed upon by the
said company and the Mayor and City Council of
Baltimore.
SEC. 2. And be it enacted. That in order to ena-
ble the Mayor and City Council of Baltimore to
purchase or pay for the bonds mentioned in the pre-
ceding section, it is hereby authorized and empow- ered to issue its certificates of indebtedness, commonly known as city stock, to an amount not exceeding	Issue certifi- cates of in- debtedness.
the sum of six hundred thousand dollars, upon such
terms and conditions and in such manner as the said
Mayor and City Council of Baltimore may hereafter