1756 LAWS OF MARYLAND.

No. 6.

Approving Chapter 390 of the Acts of the General Assembly of
Maryland of the Session of 1912, authorizing and directing
the County Commissioners of Anne Arundel County to sub-
scribe to the capital stock of the Baltimore and Virginia Rail-
road Company.

WHEREAS, At the January Session of the General Assembly
of Maryland, as Chapter 390 of the Acts of 1912, an Act was
passed authorizing and directing the County Commissioners of
Anne Arundel County to subscribe to the capital stock of the
Baltimore and Virginia Railroad Company, in words following,
to wit:

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the County Commissioners of Anne Arundel County
be and they are hereby authorized and directed in the name and
for said Anne Arundel County, to subscribe for and hold shares
of the capital stock of the Baltimore and Virginia Railroad Com-
pany, a body corporate, duly incorporated under the laws of
the State of Maryland, to the amount of two hundred thousand
dollars.

SEC. 2. Be it enacted, That for the purpose of meeting the
said subscription the said County Commissioners of Anne Arun-
del County be and they are hereby authorized and empowered
to issue bonds in the name of said County in denominations of
not less than fifty or more than one thousand dollars, bearing
interest at the rate of five per cent, per annum, and 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 therein, payable semi-annually, which said
coupons shall be received in payment of any County taxes by
the County Commissioners of the said County.

SEC. 3. A?td be it enacted, That the said bonds shall be ex-
empt from County and municipal taxation, and the faith of
Anne Arundel County is hereby pledged for the redemption
thereof.

SEC. 4. And be it enacted, That the County Commissioners
of the said County shall levy from year to year on the assessable
property of said County such sum of money as shall in their
discretion be deemed necessary for the prompt payment of the
principal and interest of said bonds.