ELIHU E. JACKSON, ESQUIRE, GOVERNOR.

Chapter 154

AN ACT to provide for the adjustment, com-
promise and settlement of the arrears of in-
terest due to the State of Maryland by the
Susquehanna Canal Company and by the Tide
Water Canal Company, to the first of January,
eighteen hundred and eighty-eight, under their
respective bonds and mortgages made to, or
for the use and benefit of said state ; and to
authorize the board of public works, or a ma-
jority of them, to extend the time of payment
of said bonds and mortgages, and to reduce the
rate of interest, payable under said bonds and
mortgages, from and after said last-mentioned
date.

SECTION 1. Be it enacted by the General Assem-

211

bly of Maryland, That the comptroller of the
treasury be and he is hereby authorized to ad-
just and settle, with the approval of the governor
and treasurer, the amount of interest due the
State of Maryland, or for its benefit, by the Sus-
quehanna Canal Company and by the Tide Water
Canal Company, to the first day of January,
eighteen hundred and eighty-eight, under their
respective bonds and mortgages made to said
state, or for its benefit, and to receive from said
respective companies, in compromise and full
satisfaction of the claims of the state for the in-
terest so in arrears, such sums of money, less
than the amount of interest so in arrears, as may
be agreed upon between the parties to be so re-
ceived, and upon payment, by said respective
companies, of the amounts so agreed to be so
received in compromise and satisfaction, to exe-
cute, in the name of the state, to said respective
companies, full releases and acquittances for the
interest in arrear, as aforesaid, to said last-men-
tioned date.

Authorized to
adjust and sett-
tle.

SEC. 2. And be it enacted, That the board of
public works in this state, or a majority of them,
shall have power to agree, by a proper instru-
ment of writing in the name and on the part of

Power to
agree.