60

LAWS OF MARYLAND.

in which any property of the said Chesapeake and

Ohio Canal Company may be permanently located.

SEC. 3. And be it enacted, That the said bonds

hereinbefore authorized to be issued by the said

Chesapeake and Ohio Canal Company, for the pur-

poses expressed in this act, and the mortgage which

the said Chesapeake and Ohio Canal Company is,

by this act, authorized to make and execute for the

purpose of securing the payment of the principal

and interest of the said bonds, are hereby declared

to be, when the same shall have been respectively

made and executed, liens upon the property, tolls

and revenues of the Chesapeake and Ohio Canal

Company, to be held and enjoyed in preference to

Liens upon

any rights or liens which the State of Maryland may

property

have in or upon the said property, tolls and revenues

of the said Chesapeake and Ohio Canal Company,

until the said bonds, provided to be issued under

this act, and coupons thereon, according to the legal

obligations thereof against said company, are wholly

paid and satisfied, and also in preference to any other

claims or liens upon the said Chesapeake and Ohio

Canal Company, or its works or property, and in

preference to any bonds which may be subsequently

issued by the said Chesapeake and Ohio Canal Com-

pany, for the purpose of putting and keeping the

said canal and its works in good condition and repair

for the payment of the current expenses of the said

Water sup-

canal, and for the providing of such supply of wa-

ply.

ter as may be necessary to make the said canal effec-

tive as a means of transportation, and for no other

purpose whatsoever.

SEC. 4. And be it enacted, That the said Chesa-

peake and Ohio Canal Company shall have the pow-

Build, lease

er to build, purchase and lease or rent any boats or

or rent boats

tugs which they may deem necessary, at any time ;

or tugs.

to have, keep or maintain, on the said canal, and to

purchase or hire and maintain, any horses or mules

needed for the proper working of said boats in said

canal, and to transport goods, merchandize and prop-

erty of all descriptions upon said canal, and to charge
therefor, in addition to the tolls upon said canal, the

sum of one cent per ton per mile for the transporta-

tion on said canal, of such goods, merchandize or

other property, and also to make such charges for