1752 LAWS OF MARYLAND.

Be it further Resolved, That said Joint Committee shall report
their conclusions in such form as it may deem proper to each
Branch of the General Assembly at its present Session not later
than the fifth of March, 1914.

No. 5.

Approving Chapter 720 of the Acts of the General Assembly of
Maryland of the Session of 1912, authorizing and directing the
County Commissioners of Calvert County to subscribe to the
capital stock of the Baltimore and Virginia Railroad Com-
pany.

WHEREAS, At the January Session of the General .Assembly
of Maryland, as Chapter 720 of the Acts of 1912, an Act was
passed authorizing and directing the County Commissioners of
Calvert County to subscribe to the Capital Stock of the Balti-
more and Virginia Railroad Company, in words following, to
wit:

SECTION (1). Be it enacted by the General Assembly of
Maryland, That the County Commissioners of Calvert County
be and they are hereby authorized and directed, in the name
of and for said Calvert County, to subscribe for and hold shares
of the capital stock of the Baltimore and Virginia Railroad
Company, a body corporate, duly incorporated under the laws
of the State of Maryland, to the amount of one hundred thous-
and dollars.

SEC. (2). And be it enacted. That for the purpose of meet-
ing the said subscription the said County Commissioners of
Calvert County be and they are hereby authorized and em-
powered to issue bonds in the name of said County, in denomi-
nations of not less than fifty or more than one thousand dol-
lars, bearing interest at the rate of five per cent, per annum,
payable at a period of not more than forty years from the
date of their issue, and to each of the bonds shall be attached
coupons for the payment of interest thereon, payable semi-
annually, which said coupous shall be received in payment of
any County taxes by the County Commissioners of the said
County.

SEC. (3). And be it enacted, That the said bonds shall be
exempt from County and Municipal taxation, and the faith
of Calvert County is hereby pledged for the redemption thereof.