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Session Laws, 1914
Volume 533, Page 701   View pdf image (33K)
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PHILLIPS LEE GOLDSBOROUGH, GOVERNOR. 701

the construction of said railroad within two years after the
final ratification of this Act by a majority of all the members
elected to each House of the General Assembly of Maryland at
its next session after the passage of this Act.

SEC. 9. And be it enacted, That the said County Commis-
sioners of said County be and they are hereby authorized to
sell or pledge the shares of stock which may be subscribed for
at not less than their par value, and to apply the proceeds thereof
to the payment of said bonds and the interest thereon.

SEC. 10. And be it enacted, That the County Commissioners
of said County, or a majority of them, are hereby authorized and
empowered either in person or by proxy to vote the stock so to
be subscribed for at any meeting of the stockholders of said
Company, under such conditions as the private stockholders
may be authorized to vote their individual stock.

SEC. 11. And be it enacted, That this Act shall be advertised
in the newspapers published in Calvert County for two months
preceding the next election for members of the House of Dele-
gates, and be subject to the approval of a majority of all the
members elected to each House of the General Assembly of
Maryland at its next session after the passage of this Act. And
it is hereby made the duty of the said County Commissioners
of Calvert County and they are hereby directed to have this Act
published as required by this Section.

SEC. 12. And be it enacted, That in the event that the Balti-
more and Virginia Railroad Company shall fail to comply with
the provisions imposed on it by this Act, that then and in that
event any other Railroad Company incorporated under the laws
of the State of Maryland, which shall comply with the condi-
tions provided in this Bill shall be entitled to receive the money
arising from the bond issue subject to all of the provisions im-
posed upon the Baltimore and Virginia Railroad Company.

SEC. 13. And be it enacted, That should it transpire for any
reason that the County Commissioners of Calvert County shall
be able to make the subscription and issue the bonds as pro-
vided by the Acts of 1912, Chapter 720, then this Act shall be
void and of no effect, and the said Act of 1912, Chapter 720,
shall remain in full force and effect; but should for any reason
the said Commissioners not be able to make the subscription and
issue the bonds as provided by said Act of 1912, Chapter 720,
then the said Act of 1912, Chapter 720, shall be and is hereby
repealed and re-enacted with amendment, and this Act become

 

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Session Laws, 1914
Volume 533, Page 701   View pdf image (33K)
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