LAWS OF MARYLAND.

184S

Tide Water Canal Company of the interest and principal
of the bonds or certificates of debt which may be issued
under the third section of this act, and also as further and
supplemental security to this State, for the payment by
said companies of the interest and difference of exchange
of currency not provided for by this act, hereafter to be-
come payable to this State, on the loan authorised by the
aforesaid act entitled, "an act to ensure the completion
of the Susquebsnna Canal and of the Tide Water Canal"
and also for repayment of the principal of said loan, ac-
cording to the provisions of said act, and the exigency of
the seperate corporate obligations of said companies, given
under said act to the Treasurer of this State, and which
said mortgages shall contain express, covenants for com-
pliance in all respects by each of said companies respec-
tively, with its engagements to this State; and in case of
default in any respect, for the surrender by such company
if this State shall so require, of all its works, property and
revenues into the hands of such person or persons, as shall
be appointed in that behalf by the authority of the legis-
lature of this State, to receive the tolls, income and profits
and to apply the same according to the rights of parties
interested, agreeably tn law, and said mortgage to be exe-
cuted by the Susquehanna Canal Company, shall be
recorded in the county of York, and also in the county of
Lancaster in the State of Pennsylvania, and said mortgage
to be executed by the Tide Water Canal Company, shall
be recorded in Harford county, and duly certified copies
of said mortgages, with certificates of their being so
recorded, shall be transmitted to the Treasurer of this
State.

chap. 863

Sec. 8. And be it enacted, That if the Susquehanna
Canal Company and Tide Water Canal Company, shall
fail to comply with the provisions of this act, by execut-
ing the several instruments of writing and performing all
the other stipulations antl conditions herein of them re-
quired, by the first dav of July next, ensuing the passage
of this act, then and in that case, it shall be the duty of
the Attorney General, with such counsel as the Governor
may think proper to associate with him, to proceed by bill
or otherwise, in the proper court or courts, to foreclose
the mortgages executed by the said companies to this
State, bearing date the twenty-seventh day of May in the
year eighteen hundred and thiity-nine, and for such fur-
ther and other relief, as the nature and exigency of the
case may require, the compensation of the said Attorney
General and the counsel who may be associated wilh him
to be hereafter fixed by the General Assembly.

On failure of
said compa-
nies to com-
ply with pro-
visions of this
act, by July,
Attorney Ge-
neral to pro-
ceed by bill
&c.