936 LAWS OF MARYLAND.

and empowered either in person or by proxy, should they pur-
chase the said stock, to vote the same as long as said County
may own any of the said stock, at any meeting of the stock-
holders of the said company, under such conditions and to the
same extent as all other stockholders of the same class are or
may be allowed to vote their individual stock, and so long as the
said county may own any of the said stock or bonds the Board
of County Commissioners may designate some one citizen and
taxpayer of said county, who shall serve on the Board of Direct-
ors of said Railway Company.

SEC. 11. And be it enacted, That the preferred stock of said
corporation shall bear interest at least at the rate of seven per
cent. (7%)per annum, and be cumulative after the second year
of such issue, and any income bonds issued by the said corpora-
tion shall bear interest at the rate of six per cent. (6%) per
annum, and shall be cumulative after the second year of its
operation, and payable out of the first earnings applicable there-
to, and both the said preferred stock and the said income bonds,
may be retired and paid off by the said Railway Company at
any time after the issue thereof upon the payment of One Hun-
dred and Ten per cent. (110%) of their par value and all ac-
crued interest then due and unpaid. The said Railway Com-
pany shall not issue any preferred stock other than that held by
St. Mary's, Charles and Prince George's Counties, unless and
until said stock has been either sold by said counties or retired
by said Railroad Company.

SEC, 12. And be it enacted, That this Act shall take effect
from the date of its passage.

Approved April 13th, 1914.

CHAPTER 551.

AN ACT to repeal Sections 1, 2 and 3 of the Act of 1908, Chapter
95, entitled "An Act to amend the Charter of the Young
Women's Christian Association of Baltimore City," and to
re-enact Sections 1 and 3, with amendments.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Sections 1, 2 and 3 of the Act of 1908, Chapter 95,
entitled "An Act to amend the Charter of the Young Women's.
Christian Association of Baltimore City," be and the same is
hereby repealed, and that Sections 1 and 3 be re-enacted, with
amendments, to read as follows: