THOMAS W. VEAZEY, ESQUIRE, GOVERNOR.

1837.

the best terms to be obtained, and the proceeds there-

of, he shall hold subject to the order of the Treasurer
of the Western Shore.

CHAP. 302.

SEC. 2. And be it enacted, That the said bond or
certificate for the sum of one hundred thousand dol-
lars, to be retained by the Treasurer of the Western
Shore, as hereinbefore provided, with all the interest
that may accrue thereon, shall form a sinking fund
for the redemption of the debt of this State, contracted
or created under this act, and the Treasurer of the
Western Shore is hereby directed to apply the monies
so surrendered, to the constitution of the sinking fund
herein before provided for, in the like manner as is
expressed in the act to which this is a supplement.

Sinking fund
therewith.

SEC. 3. And be it enacted, That the said Treasurer
shall be, and he is hereby authorised and directed to
pay to the president end directors of the Baltimore and
Susquehanna Rail Road Company, or to their order,
from time to time, out of the monies received by the
commissioner from the purchaser or purchasers of
said stock or bonds, the nett proceeds of such sales, as
soon as may be after the said money shall be received,

Treasurer to
pay the pro-
ceeds of sales
to the compa-
ny.

and he shall take from the said president and directors
proper acknowledgements of the payment of said mo-
ney, and the obligation of said company, conditioned
for the payment of the interest that shall accrue upon
the whole amount of the stock or bonds issued under
the provisions of this act, quarterly, and in advance,
at least ten days previous to the first days of the sever-
al months aforementioned, at the rate of three per cen-
tum, per annum, to the said Treasurer or commission-
er of loans of this State, as the said Treasurer may
from time to time direct, and also for the payment of

Acknowledge-
ments therefor.

And obligations.
To pay interest.

the principal sum that may be paid to said company un-
der the provisions of this act, at least one month before
the day on which the certificates or bonds hereby di-

And principal.

rected to be issued shall become redeemable, and the
payments of interest required to be made by the said
company, shall continue to be made until the time ap-
pointed as aforesaid for the redemption of the stock, to
be issued as aforesaid and until the principal sum of mo-
ney required to be paid by the said company as afore-
said, shall have been actually repaid into the Treasu-

Farther direc-
tions.