INDEX TO THE LAWS.

Chap

Sec.

berland, and of the, to York, Penn-

sylvania,

241

BALTIMORE AND

SUSQUEHANNA

RAILROAD COM-

PANY, On Treasurer Western Shore re-

ceiving the acceptance of this act, and

an obligation pledging the whole pro-

perty and revenues of said company,
for securing payment of the interest

and principal, &c. and on assurances

that they have called in all individual

Subscriptions, &c.; and also receiving

a bond of indemnity, to save the State

against losses, &c.; shall issue and sell

from time to time, stock of the State,

to an amount not exceeding one million

of dollars, at an interest of 6 per. cent,
redeemable after 1870, at not less than

16 per cent, advance,
The advance, and all interest accru-

"

10 & 11

ing, constituted a sinking' fund for re-

demption of the principal,
Treasurer shall pay over, from time
to time, to the order of the company,

12

the money received from sale of said

stock, taking their acknowledgment,

and an obligation for payment of the

interest quarterly, in advance, and of
the principal at least one month before

the same becomes due,

"

13

And also further pledge of the whole
nett revenue and proceeds of the Com-

pany, to constitute a sinking iund ade-

quate to the payment oi the principal

and interest,

"

14

Treasurer before any payment, &c.

shall be satisfied that the State of

Pennsylvania has authorised the con-

struction of a rail road from the Ma-

ryland line to the Borough of York, that

a company is organised to make the/

same, and that the tolls and revenue

thereof is pledged to the State of Mary-

land to indemnify against losses on