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Session Laws, 1834
Volume 541, Page 269   View pdf image (33K)
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1834.

LAWS OF MARYLAND.

CHAP 241

and shall deposrte with the said Treasurer, authentic evi-
dence that they have strpulated and agreed, that the tariff
or rates of tolls and prices of transportation hitherto estab
lished by them respectively and now in force, shall be ex
tended over their reflective works as they shall be further
completed and brought into use, and shall be uniform
throughout, and that until the whole of the debt which shall
be due by them respectively for money loaned under and by
authority of this act, shall be paid, with the interest thereon,
to the State of Maryland, the said tariff or rates of tolls and
prices, nor any of them, shall be reduced without the con-
sent of the general assembly of Maryland to such reduction,
and also that they will respectively, once in every three
months, to wit quarterly, until their respective works shall

Make quarterly

reports of pro-

gress &c.

be completed as herein provided for, cause to be made out

oaths of the proper engineers, clerks or other officers tabular
statements or reports, shewing the quantity and character of
the work done, contrasted with that remaining to be exe
cuted, and shewing the progress made, also full and particu-
lar accounts of money expended and debts incurred, and of
income and revenue, for the informatron of the authorities of
this State

Sec 20 And be it enacted, That in case this state shall
subscribe for shares of the capital stock of the aforesaid
Chesapeake and Ohio Canal Company, in virtue of the
right mentioned in the sixth section of this acf, the increase
of the sinking fund mentioned in the third section thereof,
after the capital of said fund shall be equal in amount to the
debt of this State, created or contracted in aid of said com
jany m pursuance of this act, with the excess of the di-
vidends on said shares above the interest on their par value,
and after the payment of the principal of the aforemention-
ed debt of this State, then the whole of the dividends on
said shares shall be applied to the support of common

The surplus reve-

nue from appro

priated to educa

tion

schools throughout this State, and be distributed according
to the ratio prescribed in and by resolution number forty-
seven, passed at December session eighteen hundred and

Case of no sub-
scription &c

thirty three, and that in case this State shall not subscribe
for any shares of said capital stock, in virtue of said right,
bo soon as the said company shall have provided a sufficient
sinking fund to pay their debt to this State, the fund men-
tioned in the third section of this act, or the interest thereon
shall be appfied to the support of said schools, and be
divided according to the ratio aforesaid and be it further



 
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Session Laws, 1834
Volume 541, Page 269   View pdf image (33K)
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