ALBERT C. RITCHIE. GOVERNOR. 1495

demptions of principal of said bonds shall be completed within
and at the cud of forty (40) years from the date of issue.

SEC. 5. And be it enacted, That the County Commission-
ers of Calvert County shall have power at any time, out of any
surplus funds belonging to the said county and out of any
funds received as dividends on or any other way resulting

from the ownership of said shares of stock in said company
that shall build the aforesaid railroad to purchase at their mar-
ket value, redeem and retire any of the bonds hereby author-
ized to be issued, and said bonds so purchased or acquired
shall be thereupon cancelled and destroyed; provided that no
bonds shall be so purchased or acquired unless all coupons
thereof and not yet due shall remain attached to said bonds at
the time of said purchase or acquirement.

SEC. 6. And be it enacted, That said bonds not to exceed
two hundred thousand dollars ($200, 000) par and face value
of principal as aforesaid shall be delivered by the County
Commissioners of Calvert County to the Baltimore and Vir-
ginia Railroad Company or any other corporation that shall
build a railroad from a point at or near Drum Point, in Cal-
vert County, to a point at or near Millersville, in Anne Arun-
del County, and in the event that Anne Arundel County fails
to join in aiding the building of said railroad and fails to
subscribe for stock in the corporation that undertakes to build
and builds said railroad, then the said bonds not to exceed two
hundred thousand dollars ($200, 000) par and face value of
principal as aforesaid shall be delivered by the County Com-
missioners of Calvert County to the Baltimore and Virginia
Railroad Company or any other corporation that shall build a
railroad from a point at or near Drum Point in Calvert
County, to connect with the Chesapeake Beach Railway at or
near Owings, in Calvert County; and said bonds shall not be
delivered until said road shall have been completely built or
its completion assured.

SEC. 7. And be it enacted, That the County Commissioners
of Calvert County be and they are hereby authorized to sell or
pledge the shares of stock which may be subscribed for at not
less than their par value, and to apply the proceeds thereof to
the payment of said bonds and the interest.

SEC. 3. And be it enacted, That the County Commissioners
of Calvert County are hereby authorized and empowered, either