136

LAWS OF MARYLAND.
CHAPTER 99.

AN ACT to ratify and confirm an agreement
between the County Commissioners of Wash-
ington county and the Western Maryland
Railroad Company for the acceptance by
said County Commissioners of the preferred
stock of said railroad company in satisfac-
tion of the coupons of the second mortgage
bonds of said company, paid by said County
Commissioners, and to authorize said rail-
road company to issue its preferred stock
for the purpose of carrying said agreement
into effect.

WHEREAS the County Commissioners of Wash-
ington county have entered into an agreement,
with the Western Maryland Railroad Com-
pany, bearing date the ninth day of February,
eighteen hundred and eighty-six, by which the
said County Commissioners have agreed that
in the event that the said Western Maryland
Railroad Company shall pay and extinguish
the principal of three hundred thousand dol-
lars of the second mortgage bonds of said rail-

Preamble.

road company, guaranteed by said County Com-
missioners, so that the same shall no longer
be obligatory upon the said County Commis-
sioners, and so as to stop the payment by said
County Commissioners of further interest upon
said bonds, that they, the said County Com-
missioners, will surrender to the said Western
Maryland Railroad Company all the coupons
upon said three hundred thousand dollars of
guaranteed bonds which may have been paid
by said County Commissioners of Washington
county up to the time of such extinguishment
of said three hundred thousand dollars of
bonds, and will accept from the said Western
Maryland Railroad Company in lieu of and
in full satisfaction of said coupons so paid by
said County Commissioners, an equal amount
in the preferred stock of said Western Mary-