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Session Laws, 1839
Volume 600, Page 389   View pdf image
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INDEX TO THE PUBLIC LAWS.

Chap.

Sec.

Baltimore, $34, 069 66 yearly of the re-

venue to accrue to the State, etc. from the

Baltimore and Washington rail road, shall,

after deducting $1, 000 per annum, for the

instruction of the indigent blind, etc. and

be annually distributed by the treasurer

among the several counties of this. State

and Baltimore city, for the support of free

schools, etc. shall be paid or invested by

said treasurer,

33

1

SURPLUS

REVENUE— The residue of said surplus

and interest, etc. after deducting aforesaid

interest $34, 069 66, etc. appropriated to

the payment of the interest on the public

debt of the State, treasurer to draw, etc.

"

2

Certificates for $120, 000, of five per

cent, debt of the State, by commissioner

of loans, etc. issued in favor of treasurer,

in place of so much of said surplus reve-

nue, to be cancelled and returned to said

commissioner, to be entered, etc.

"

3

Commissioner of Loans to sell, etc. as

the necessities of the treasury may require,
etc. all the capital stock of the banks in

this State, etc. and pay the proceeds to the
Treasurer of the Western Shore, to be ap-

plied, etc. to the payment of the interest
upon the public debt for 1840 and 1841,

"

4

Agent appointed for the payment of the

interest on its debt, etc. with commission

of one per cent, etc. commissioner of

loans to draw semi-annually upon the trea-

surer for the amount of interest, etc. to

transmit the same to agent, etc. treasurer

to pay to said commissioner the amount of

drafts, out of the funds placed under his

control for that purpose,

"

5

Upon the application of the holder of

State's bonds, etc. and upon the surrender

and cancelling of the same, etc. commis-
sioner Of loans to issue to and in the name

of said applicant, etc. the ordinary loan of-

fice certificate of debt, etc. for the princi-

pal of the bonds so surrendered, converted

into currency, etc. to bear five per cent,
interest, etc. payable quarterly at the loan



 
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Session Laws, 1839
Volume 600, Page 389   View pdf image
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