1834.

LAWS OF MARYLAND.

CHAP 241

Sec 14 And be it enacted, That for the purpose of provid
ing a fund on the part of the said company to secure the fi-
nal payment of the debt which rt may owe the State, for
money that may be loaned to it in pursuance of this act, the
said company shall also covenant in the aforementioned
obligation for the payment to the said treasurer of the whole
of its netlt revenues, until the said treasurer after all
arrears of interest shall have been paid in the first place, as

As indemnification

-and constitute

well to the said btate as to the securities hereinbefore required
to the bond for the indemnity of the State against the loss
of interest in case such securities shall have been compelled
to pay the same or any part thereof, shall have received an
amount in his judgment and opinion sufficient to constitute
a sinking fund adequate and ample to pay off the principal
of said debt, when and as the same shall become payable,
over and above the payment of the interest thereon, herein
before provided for, and if the sinking fund hereby created,
shall at any time exceed the debt which the said company
may owe to this State, for money loaned to it in pursuance of

Surplus enure to

company

this act, such excess shall enure to the benefit of said com-
pany and be paid to the president and directors thereof, or
their order, by the said treasurer

Previous assurance
required

Sec 15 And be it enacted, That before any payment
shall be made to the said company, under the provisions of
this act, the said Treasurer shall be satisfied that the legisla-
ture of the commonwealth of Pennsylvania hath passed an

Pennsylvania R. R.

act for the incorporation of a company to construct a Rail
Road from the Maryland line to the borough of York, and
hath granted full power and authority for the construction
of said Rail Road, and also that the said company hath been
duty organized according to tl e provisions of the charter of
incorporation, and also that the tolls and revenues of the

Pledge to indemni-

fy

said road to be completed from the Maryland line to the
borough of York, shall be fully and sufficiently pledged to
the State of Maryland to indemnity her against loss on the
loan to be made to the said company in virtue of this act,
and the said Treasurer shall be satisfied that the said Balt-
more and Susquebanna Rail Road Company shall have full

Right to subscribe

&c

power and authority to subscribe in its own name or the
name of its agent or agents, for stock in the Rail Road
Company incorporated as aforesaid, or to acquire the
stock thereof at its par value, and full power tor that pur-
pose is hereby given by this State, so far as it is competent
for this State to confer the same