224
LAWS OF MARYLAND.
Provisoes.
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Falls, and to carry the aforegoing into effect, the
said
company are hereby invested with all the powers, rights
and privileges granted in the original charter of said
company and the supplements thereto; Provided however,
that the assent of the mayor and city council of
Baltimore, shall be first had and obtained, before any part
of said branch rail road or rail roads, shall be constructed
within the limits of said city, and after the completion
of the branch lateral rail road as aforesaid, the said company
is hereby authorised to make a lateral rail road on
the western side of said Jones' Falls to the Patapsco
river or to connect with any road having a terminus on
said western side; Provided however, that in case the
said company shall construct any lateral branch rail road
to the west of the main road of said company, it shall
not be lawful to construct the said lateral branch rail
road from any point on the said main road south of the
Woodberry mills, nor to locate or construct the said
lateral branch rail road, nor any part thereof, within the
distance of one mile from the northern boundary line
of the city of Baltimore, nor within the distance of three
quarters of a mile from the western boundary line of
said city, until it reaches a point due west of Franklin
street in said city, that the said lateral branch rail road
if made to the west of said main road of said company,
shall in crossing the line of either the Baltimore and
Reisterstown turnpike road to Liberty road or the
Windsor mill road, be constructed so as to pass either
under or over said roads.
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Authority to
negotiate
loan.
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SEC. 2. And be it enacted,
That the president and
directors of the Baltimore and Susquehanna rail road
company or majority of them, are hereby authorised
and empowered, to negociate a loan and to issue the
bonds, certificates or other evidences of debt of said company,
for an amount not exceeding five hundred thousand
dollars, bearing an interest of not more than six per
centum per annum, payable quarterly and redeemable
in thirty years, and that said president and directors or a
majority of them, have authority to mortgage clear of all
liens, the said lateral branch rail road or rail roads, the
tolls and revenues thereof, or real estate or any improvement,
the property of said company not now covered by
mortgages, to the State of Maryland for the payment of
the principal and interest of said loan, or such part
thereof as may be negociated, the monies so borrowed
to be applied by said company to the construction of the
said lateral branch rail road or rail roads, the erection of
wharves and such other improvements as may be necessary
for the accommodation of the business of said
company.
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