758

LAWS OF MARYLAND.

SECTION 1. Be it enacted by the General As-
sembly of Maryland, That the Comptroller of
the Treasury be and he is hereby authorized
to adjust and settle the account against the
Philadelphia and Reading Railroad Company
for arrears of interest due the State by said

To adjust ac-
count.

railroad company, as the lessee of the Susque-
hanna Canal; provided, however, that no set-
tlement of said arrears of interest for a less
amount than the whole sum due, shall be
binding, unless approved by the Board of
Public Works, or a majority of them.

SEC. 2. Be it further enacted, That when
said arrears of interest shall have been ad-
justed, and the same paid or secured to be paid
into the Treasury, the Board of Public Works,
or a majority of them, are hereby authorized and
empowered to contract with the Philadelphia

Extension.

and Reading Railroad Company, the lessee of
said Canal, for the extension of the time of pay-
ment of the mortgages which the State holds
against said Canal, and for the future payments
of interest on said mortgages at such rate per
annum as the said Board of Public Works, or
a majority of them, shall determine for the
best interest of the State.

Effective.

SEC. 3. And be it further enacted, That this
act shall take effect from and after the date
of its passage.

Approved April 7, 1886.