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Session Laws, 1860
Volume 588, Page 530   View pdf image (33K)
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1860.

LAWS OF MARYLAND.

CHAP. 341.

THE INTEREST ON THE PUBLIC DEBT.

Interest.

For the payment of the interest on the public
debt of this State, that is to say, the interest falling
due quarterly on the currency debt of this State,
four hundred and thirty thousand dollars, and for
the interest on the public debt, falling due semi-
annually, and payable in London, including the

Proviso.

cost of exchange, remittance and commissions, two
hundred and sixty thousand dollars; Provided,
however, that all that portion of the interest on the
public debt which, at any time during the year
ending on the first day of January, eighteen hun-
dred and sixty-one, shall be due on that part of the
said debt, which may constitute the sinking fund
of the State, shall be applied, by the Treasurer, to
the purchase of stock or bonds of this State for the
increase of said fund; for the payment of the inter-
est falling due on the first day of July, eighteen
hundred and sixty, and the first day of January,
eighteen hundred and sixty-one, on the bonds or
certificates of debt of the Annapolis and Elk-Ridge
Railroad company, issued in pursuance of chapter
one hundred and sixty-eight, of eighteen hundred
and forty one, and to the payment of so much of
the principal of said bonds or certificates of debt as
is directed to be paid by said act, seven thousand

Proviso.

dollars; Provided, however, that only so much
thereof shall be so applied as may be equal to the
nett profits of the said Annapolis and Elk-Ridge
Railroad Company, and the profits which this State
shall or may have derived from the use of the An-
napolis and Elk-Ridge Railroad, in connection with
the Washington Branch of the Baltimore and Ohio
Railroad, and which profits shall or may have been
paid into the treasury, as required by the aforesaid
act of eighteen hundred and forty-one, chapter one
hundred and sixty-eight; to the holder or holders
of coupons or certificates of interest in arrears,
which were not funded under the provisions of
chapter two hundred and thirty-eight, of eighteen
hundred and forty-six, five thousand dollars; to
pay the per diem and mileage of the Electors of
President and Vice President of the United States,
their officers and attendants, the sum of five hun-
dred dollars; to cost of filing and recording in the
Court of Appeals, as required by the Constitution,
Laws and Resolutions that have been or may be
passed at the present session, one thousand three
hundred and fifty dollars.



 
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Session Laws, 1860
Volume 588, Page 530   View pdf image (33K)
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