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Session Laws, 1866 Session
Volume 419, Page 17   View pdf image (33K)
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THOMAS SWANN, ESQUIRE, GOVERNOR.

17

CHAPTER 11.

AN ACT to authorize the County Commissioners
of Somerset county, to aid in the completion of
the Eastern Shore Railroad.

Passed Jan.
19, 1866.

SECTION 1. Be it enacted by the General Assembly
of Maryland, That the County Commissioners of
Somerset county, be and they are hereby author-
ized and empowered to subscribe for the capital
stock of the Eastern Shore Railroad Company, to
any extent they may think necessary to construct
and complete the said Railroad, not exceeding in
the whole the sum of fifty thousand dollars, and
in payment thereof, to issue on the credit of the
said county, and deliver to the said Company, at
their par value, their bonds redeemable in twenty
years from the date thereof, bearing interest at the
rate of six per centum ner annum, payable half
yearly, and the faith and property of the said
county are hereby pledged for the payment and
redemption of the principal and interest of the
said bonds.

Authorized
to subscribe.

Sec. 2. And be it further enacted, That this Act
shall take effect and operate from the day of its
passage.

In force.

CHAPTER 12.

 

AN ACT to secure the completion of the Eastern
Shore Railroad,

Passed Jan.
24,. 1866.

SECTION 1 Be it enacted by the General Assembly
of Maryland, That the lien held by the State of
Maryland on the property of the Eastern Shore
Railroad Company, to secure the payment of six
per centum interest out of the profits of the work
on the shares of the capital stock of the said com-
pany held by the State, shall not be construed to
2

Construction
of lien.



 
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Session Laws, 1866 Session
Volume 419, Page 17   View pdf image (33K)
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