INDEX.

1843

Chap.

Sec.

rarer or bearer for such sum as will equal the

amount which will be due to state by said

company, up to 1st July inclusive, on ac-

account of interest and difference of ex-

change of currency, on the proportion re-

ceived by said company of the loan autho-

rized by the act to ensure the completion of,

&c. passed 1838, chap. 416, to credit said

bond when received on the obligation of

company now held as a mode of payment,
&c.

363

1

To receive bond of tide water canal com-

pany, in same manner, &c.

2

Tide Water Canal Company to issue

bonds or certificates of debt payable to bear-

er in sums not less than $50, to an amount

not exceeding $100,000, as may be neces-

sary to pay the several amounts which said

company may owe on procuring the title to

lands in Harford county, used by said Ca-

nal, &c. and also an amount not exceeding

$12,000, to pay liabilities of said company

for labor,&c. during tihe year 1841, and since

so far as yet unpaid, provided no bonds, &c,

issued, shall be disposed of, under par, or

for any other purpose than is herein speci-
fied.

3

The bonds, &c. authorized by 3rd section

to be paid in priority to the claims of the

state, upon the tide-water canal company,

except the claim mentioned in 2d section

for which treasurer is authorized to receive

bond of said company, which bond shall

have priority to said bonds, &c.. authorized

by said 3rd section, provided nothing in this

act shall impair the liens of the state upon

the works, &c. of said Susquehanna Canal

Company, &c.

"

4

The bonds, &c. irredeemable except with

assent of state, prior to the 1st January

1864, to bear an interest from 1st July,

at the rate of six per cent payable semi-an-

nually 1st day of January and July each

year, &c. provided such bonds, &c. as shall

not be issued until after 1st July, to bear

interest from dates when issued.

"

5