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LAWS OF MARYLAND.

Chapter 202.

AN ACT to confirm and make valid the action of

the Commissioners of Talbot county, under and

in virtue of section four of the act of the General

Assembly of Maryland of eighteen hundred and

sixty-seven, chapter one hundred and ninety-one,

entitled "An act to authorize the County Com-

missioners of Talbot county to subscribe, in be-

half of said county, to the capital stock of the

Maryland and Delaware Railroad Company, and

to issue bonds for that purpose."

WHEREAS under and in virtue of the act of the

General Assembly of Maryland, entitled "An act to

authorize the Commissioners of Talbot county to

subscribe, in behalf of said county, to the capital

stock of the Maryland and Delaware Railroad Com-

pany, and to issue bonds for that purpose," did issue

bonds to the amount of fifty-five thousand dollars;

and, whereas the said commissioners, under the

Preamble.

provisions of the fourth section of the said act, did

levy on all the property subject to taxation for the

ordinary expenses of Talbot county, such sum of

money as in their discretion was necessary for the

prompt payment of the principal and interest of the

said bonds, and did invest the same in certain securi-

ties, consisting of mortgages and stocks of the Balti-

more and Ohio Railroad Company, as a sinking

fund for the redemption of the said bonds, and

whereas, doubts are entertained as to the power and

authority of the said commissioners to make said

investments, or to enforce payment of the said

mortgages when the same become due, or to assign

and transfer the said mortgages and stocks, and to

reinvest the proceeds thereof in other securities —

SECTION 1. Be it enacted by the General Assem-

bly of Maryland, That the investments of the said

gum of money so made as aforesaid by the Commis-

Confirmed and
made valid.

sioners of Talbot county, be and the same are hereby
confirmed and made valid and lawful, and the said

commissioners are hereby authorized and empowered,

whenever in their judgment the public interests of