HENRY LLOYD, ESQUIRE, GOVERNOR

757

SEC. 2. And be it enacted, That this act shall
take effect from the date of its passage.

Approved April 7, 1886.

CHAPTER-454.

AN ACT to authorize the Comptroller of the
Treasury to adjust and settle the arrears of
interest due the State by the Philadelphia
and Reading Railroad Company, the lessee
of the Susquehanna Canal, and to empower
the Board of Public Works to extend the
time of payment of the mortgages which
the State holds against said Susquehanna
Canal, and to fix the rate of interest on said
mortgages in the future.

WHEREAS by an act of the General Assembly
of Maryland, passed in the year eighteen hun-
dred and eighty-four, chapter one hundred and

Effective.

sixty, provision was made for the adjustment
of the interest due the State of Maryland by
the Philadelphia and Reading Railroad Com-
pany, as lessee of the Susquehanna Canal, and
for the extension of the time of payment of
the mortgages which the State holds against
said Canal, upon certain conditions mentioned
in said act; and

WHEREAS said Philadelphia and Reading
Railroad Company has wholly failed to pay
any part of the interest in arrears, or in any
manner complied with the requirements of
said act of Assembly, and the time limited

Preamble.

for the performance of said requirements on
the part of the said railroad company having
expired, it becomes necessary to make some
provision for the protection of the interest of
the State in said Canal; therefore

Preamble.