WILLIAM GRASON, ESQUIRE, GOVERNOR.

1841.

judgment on such inquisition, against the said company, for
the sum found in said inquisition, and with such interest and
costs, as the court, under the circumstances, may deem rea-
sonable; and upon judgments entered, in virtue of this act,
execution or attachment may issue, as on other judgments.

CHAPTER 60.

CHAP. 60.

An act for the relief of the Annapolis and Elkridge Rail
Road Company.

Passed April 6,
1841.

SECTION 1. Be it enacted by the General Assembly of Ma-
ryland, That the creditors of the Annapolis and Elkridge
Rail Road Company shall be, and hereby are authorised
to subscribe their claims into the capital stock of the said
company, and shall thereupon become stockholders there-
of, with all the privileges of original stockholders therein.

Creditors to sub-
scribe amount
of their claims.

SEC. 2. And be it enacted, That the said creditors, or
such of them as may become stockholders as aforesaid,
shall be, and they are hereby declared to be, entitled to
the nett profits of said road, to the extent of six per cent,
per annum, in preference to all other of the stockholders
in said company.

To be preferred
stockholders.

SEC. 3. And be it enacted, That after payment of said
dividends of six per cent, per annum on the capital stock
of the creditors becoming stockholders as aforesaid, the
residue of the nett profits of said road, or so much there-
of as may be necessary, shall be applied to the payment of
interest of six per cent, on the debt due by the said com-
pany to other creditors, who may not become stockholders
as aforesaid.

Payment of in-
terest on debt
due other cre-
ditors.

SEC. 4. And be it enacted, That the residue of the nett
profits which shall remain, after payment of the dividend
and interest as aforesaid, shall be distributed proportiona-
bly amongst the creditors of said company and the afore-
said stockholders, in payment of such debt, and in reduc-
tion of the capital stock of said stockholders.

Distribution of
residue of profits.

SEC. 5. And be it enacted, That the said company shall
have the privilege of purchasing out the said preferred
stockholders, and paying off the said creditors at its plea-
sure, and of taking up subscriptions to the capital stock of
the said company, for the purposes aforesaid.

Stock of prefer-
red stockhold-
ers may be pur-
chased by com-

pany.