1834

LAWS OF MARYLAND.

CHAP 241

Preamble

ducting the amount of the stock subscribed for, shall enure
to the benefit of said company and be paid to the president
and director's thereof or their order, by the sa d treasurer.
AND WHERAS, it has become necessary to provide for a
developement ol the resources of all parts of the State, and
the promotion of the interests of the whole State, There-
fore —

Pledge to appro

priate $200,000

Canal &c

Sec 9 Be it enacted That the sum of two hundred
thousand dollars is hereby pledged for the construction of a
canal o connect the Pocomoke and Annamessex rivers,
whenever the Legislature shall be convinced ol the prac-
ticability of such an improvement, and that the best rnter-
ests of the State require it

When the B and
S R R C shall
accept, &c

Sec 10 And be it enacted, That so soon as as the Bal-
timore and Susquehanna Rail Road Company in a general
meeting of its stockholders, shall have approved, assented,
and agreed to the several provisions of this act, so far as
the same are applicable to the said company, and shall have
communicated to the Treasurer of the Western Shore, their
acceptance of its terms under the corporate seal of said

Deposit obligation

company and the signatures of its president and directors,
and shall also have prepared and deposited with said Treasu-
rer an obligation verified in like manner, pledging the whole
of the property and revenues of said company, for the pur
pose of securing to the State in the manner hereinafter
provided, the payment of the interest and principal of the
loan which shall he made to said company in pursuance of this

Call unpain ins

stalments

act, and shall also have called in the instalment of balance
not yet called in, but due by the private stockholders on the

Brad of indemnity

shares respectively held by them, and shall also have pre
pared and deposited with the said treasurer a bond or obli-
gation verified in like manner, with personal security to be
approved by the said treasurer in the penalty of one hun-
dred thousand dollars conditioned for the indemnity of the
State, against the loss of the interest or any part of the in
tercst, which shall accrue or become due to the Slate by
the said company before then Rail Road shall he complied
for travel and transportation from Baltimore to the Borough

To shall advertise
for proposals

of York, the said treasuier shall be, and he is hereby au-
thorised and dnected to advertise in the cities of Baltimore,
Philadelphia, New Yoik and Boston , for at least three suc-
cessive weeks in two newspapers, published daily in said
cities, respectively, for proposals to purchase stock of this
State to be redeemable at any time after the year eighteen
hundred and seventy, to bear interest at the rate of six per