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Proceedings of the Senate, 1878
Volume 410, Page 486   View pdf image (33K)
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486 JOURNAL OF PROCEEDINGS [Mar. 14,

the sum of one hundred thousand five hundred and forty dol-
lars and sixty-four cents, which shall be received by the
Treasurer of this State in, and shall be in full satisfaction of
all claims of this State for the State taxes upon the gross re-
ceipts of the said Company, from the first day of April, in
the year eighteen hundred and seventy-two, to the thirty-
first day of December, in the year eighteen hundred and
seventy-seven.

Sec. 4. And be it enacted, That the sum of three hundred
and sixty-six thousand three hundred and seventy dollars
and fifty-six cents shall be deemed and taken to be the whole
sum duo by the Baltimore and Ohio Railroad Company to
the State of Maryland to the first day of January, in the year
eighteen hundred and seventy-eight, for the State's propor-
tion of the whole amount of money received by the said Bal-
timore and Ohio Railroad Company, for the transportation of
passengers on its Railroad, between Baltimore and Washing-
ton, or any part of its Railroad between Baltimore and Wash-
ington, and for all dividends upon the State's stock in the
Washington Branch Railroad up to October, in the year
eighteen hundred and seventy-seven, after crediting to the
said Baltimore and Ohio Railroad Company, all claims of
every description, whatsoever, of said Company against the
said State of Maryland ; and it shall be the duty of the said
Baltimore and Ohio Railroad Company, on or before the said
first day in July, in the year eighteen hundred and seventy-
eight, to provide for the payment of said indebtedness by
making, executing and delivering to the Treasurer of this
State its bonds for the aggregate amount of three hundred
and sixty-six thousand dollars, each bond to be for the sum
of one thousand dollars, dated July first, eighteen hundred
and seventy-eight, and payable to the bearer thereof, ten
years after date, at the office of the said Company, in the
City of Baltimore, with interest thereon in the meantime, at
the rate of six per centum per annum, payable semi-annually
at the said office on the first days of January and July, upon
presentation and surrender of the coupons for such interest
which shall be annexed to such bonds respectively, and the
balance of said aggregate amount, to wit, the sum of three
hundred and seventy dollars and fifty-six cents shall be paid
in cash to the Treasurer of the State, on or before the first
day of July eighteen hundred and seventy-eight.

Sec. 5. And be it enacted, That it shall be the duty of the
Baltimore and Ohio Railroad Company, in consideration of
the advantages accruing to it from this. Act, to enter into an
agreement, under its corporate seal, it having first been duly
authorized so to do by a general meeting of the stockholders

 

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Proceedings of the Senate, 1878
Volume 410, Page 486   View pdf image (33K)
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