INDEX TO THE LAWS.

TREASURER OF
WESTERN SHORE

more and Ohio rail road cotnpany,
Thereupon to contract loans for, and to

Ch.
104

Se.

3

pay instalments on said stock.

—

4

—— invest premium obtained upon said

stock in some productive lands to redeem

said loan,

Or may issue certificates of S per cent.

stork to the rail road company in payment

of instaltnents,

Required to invest a capital of 10 per

centum at least on the amount of each loan

obtained under this act for the redemption

thereof,

——

4

Authorised on certain conditions to sub-

scribe for 500 shares in the Chesapeake

and Ohio canal company.

105

Thereupon to contract a loan to pay the

Instalment, and to issue certificates of 5

per cent stock therefor,

2

Directed to invest the premium that may

be obtained upon said stock, in some pro-

ductive funds for the redemption of said

loan,

To pay the instalments as demanded by

said company,

May, it he deems it most advisable, is-

sue certificates of 5 per cent, stock, redeem-

able in 15 years, in payment of instalments

to said company,

If a premium of 5 per cent, or more is

offered for loan at 5 per cent, redeemable

in 15 years, directed to adopt that expe-

dient,

In either alternative, required to invest

a capital of at least 10 per centum on

amount of each loan, for its final redemp-

tion,

Required, upon being satisfied that per-

sons appointed by the governor and coun-

cil as auctioneer, have bonded, &c. to issue

license for one year, upon receiving the

license fee,

111

7

Required, upton the failure of any auc-

tioneer for the city of Baltimore to deliver

to him a duplicate of his recognizance, or

to render an account, or to pay the money

due by him to the state, or to make oath

as directed, to publish such neglect in one

or more newspapers published in this state,

9

Required to direct the attorney general

to sue for the penalty forfeited by auc-

tioneers that may neglect, &c,

47