254

LAWS OF MARYLAND.

so far as said sinking fund may be capable of pay-

ing the same.

SEC. 4. And be it enacted and ordained, That at

the time fixed by the ordinance of December the

twenty- seventh, eighteen hundred and fifty-three,

Pay balance.

aforesaid, the said company shall pay to the register

the balance of the indebtedness secured by said

mortgage, less the amount of the sinking fund and

its accumulations.

SEC. 5. And be it enacted and ordained. That

nothing herein contained shall effect or impair the

mortgage given under the ordinance of December

the twenty-seventh, eighteen hundred and fifty-three ;

Execute fur-

but said company shall execute a further mortgage,

ther mortgage.

in a form satisfactory to the City Counsellor and the

Commissioners of Finance, upon the Main Stem of

the Baltimore and Ohio Railroad and its appurten-

ances, from the city of Baltimore to the eastern end

of the viaduct over the Ohio River at Benwood,

and to the city of Wheeling, to secure the Mayor

and City Council of Baltimore against any possible

loss or damage that may happen to it by reason of

not investing the increment of the said sinking fund

in the manner provided in the original ordinance.

Said mortgage shall be for the amount of the differ-

ence between the sinking fund at the date this ordi-

nance takes effect, estimating the city debt therein

at par, and the sum of five million dollars.

SEC. 6. And be it enacted and ordained, That

When effec-

this ordinance shall take effect when confirmed or

tive.

ratified by the General Assembly of Maryland.

SECTION 1. Be it enacted by the General Assem-

bly of Maryland, That the said above recited ordi-

nance be and the same is hereby confirmed and

Confirmerd

ratified, and that full power be and the same is

and ratified.

hereby conferred upon the Mayor and City Council

of Baltimore, and upon the Commissioners of Fi-

nance and the Register of said city, to carry inio

effect all the provisions of the said ordinance, in the

same manner, to all intents and purposes, as if the

said Mayor and City Council had been, previously

to the passage of said ordinance, authorized and

empowered by the act of the General Assembly of

Maryland, to enact an ordinance in the terms of the