1860.

LAWS OF MARYLAND.

CHAP. 257.

issue any note, device or other evidence of debt to
be used as currency or as exempting their property
and effects from general taxation.

Reservation.

SEC. 8. And be it enacted, That this act shall
continue for forty years, and that the State reserves
the right to alter or amend and repeal the same at
pleasure.

In force.

SEC. 9. And be it enacted, That this act shall
take effect from and after the date of its passage.

CHAPTER 257.

Passed March
10, 1860.

AN ACT to authorise the Mayor and City Council of
Baltimore to endorse the bonds of the Northern
Central Railway Company.

Authorised
to endorse
bonds.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That the mayor and city council of Bal-
timore, be and they are hereby authorised to en-
dorse the bonds of the Northern Central Railway
Company, payable at such periods as may be
agreed upon between the said company, and the
said mayor and city council, and bearing interest
at the rate of six per cent, per annum; Provided,
however, that before the said endorsement shall be
made, the said railway company shall execute to
the said mayor and city council a mortgage to
secure the payment of the said bonds at maturity,
and of the interest thereupon in the meantime.

Restriction.

SEC. 2. And be it enacted, That the mayor and
city council of Baltimore, shall be authorised to
exercise the powers given by this act at any time
within twelve months from the date of its passage,
but not afterwards.

In force.

SEC. 3. And be it enacted, That this act shall
take effect from the passage thereof;