ROBERT M. McLA.NE, ESQUIRE, GOVERNOR.

221

properties or franchises of either or both of them,

shall not be exercised or enforced so long as the four

and one-half per centum interest provided by the first

section of this act to be paid to the State of Maryland

from and after the first day of January, in the year

eighteen hundred and eighty-four, upon the indebted-

ness of the said Susquehanna and" Tide Water Canal

Companies to the said state, and which is secured by

said mortgages accruing and to accrue after the first

day of January, eighteen hundred and eight-four, shall

be paid to the amount in the manner and at the times

limited in the first section of this act; and it is also

expressly provided that the principal amount of said
indebtedness secured by said mortgages shall be paid

Principal—

within twenty-five years from the date of the passage

when payable.

of this act, and that any payment may be made at

any time on account of said mortgage indebtedness,

provided that any such payments so made shall not be

for a less sum than ten thousand dollars.

SEC. 4. And be it enacted, That the debenture

guarantee scrip of the Philadelphia and Reading Rail-

road Company, now held by the State of Maryland as
a collateral, shall be returned to the said Philadelphia

and Reading Railroad Company, when it has paid

into the treasury of this state the arrears of interest

Return deben-

due to the state to the first day of January, eighteen

ture scrip.

hundred and eighty-four, mentioned in the second

section of this act, and when it has made deposit of

one million of dollars of its second series five per cent.

consolidated mortgage bonds as collateral security in

the manner and for the purposes mentioned in and

required by the second section of this act.

SEC. 5. And be it enacted, That this act shall take

Effective.

effect from and after the date of its passage.

Approved April 8, 1884.