JOHN LEE CARROLL, ESQUIRE, GOVERNOR. 57

	said bonds and interest to accrue thereon preferred
	and absolute liens on said revenues, according to the
	provisions of the said act, until said bonds and in-
	terest should be fully paid. And whereas a sudden
	freshet has of late seriously injured the said Chesa-
	peake and Ohio Canal, and the works appertaining
	thereto and used in connection therewith. And
	whereas the liens of this State upon the lands, tolls	Preamble
	and revenues of the said Chesapeake and. Ohio
	Canal Company, and the liens of the bonds and
	coupons thereon issued in pursuance of the act of
	eighteen hundred and forty-four, chapter two hun-
	dred and eighty-one, entitled " An act to provide for
	the completion of the Chesapeake and Ohio Canal
	to Cumberland, and for other purposes," upon the
	net tolls and revenues of said company are greatly
	impaired in value, and must further decline in such
	value unless the power vested in the said Chesapeake
	and Ohio Canal Company under the provisions of	Preamble
	the said act to raise money for putting and keeping its said canal in good condition and repair, and for other
	purposes mentioned in said act, is made fully effec-
	tual by recognizing the priority of the bonds issued
	for the said purposes over all the rights and liens of
	the State, and over subsequent bonds issued by the
	said Chesapeake and Ohio Canal Company for the
	same purposes, if other emergencies now unforseen of
	like character should ever occur ; now, therefore,
	SECTION 1. Be it enacted by the General Assembly
	of Maryland, That the Chesapeake and Ohio Canal
	Company be and is hereby authorized and empow-
	ered to issue the bonds of the said company under	Issue bonds
	its corporate seal, and signed by the President and
	countersigned by the Treasurer thereof, to the total
	amount of five hundred thousand dollars, for the
	purpose of putting and keeping the said Chesapeake and Ohio Canal and its works in good condition and
	repair, for the payment of the current expenses of
	the said canal and for the providing of such supply	Supply of
	of water as may be necessary to make the said canal	water
	effective as a means of transportation, and the said
	bonds shall be issued in sums of not less than one
	hundred dollars each, and each of said bonds shall
	be payable twenty years after date to bearer, re-
	deemable, however, at the pleasure of the company