1837.

LAWS OF MARYLAND.

CHAP. 302.

ry, and until the sinking fund to be created as herein
before provided, shall have become equal to the re-
demption of the aforesaid stocks.

Lien required.

SEC. 4. And be it enacted, That the said company
shall he and is hereby authorised and required to give
to the City of Baltimore, with the State of Maryland, a
preferred lien upon the tolls and profits of the rail road
from Baltimore to York, for the payment of the inter-
est upon the stock which the said city may issue and
loan for the completion of said road, to the amount of
two hundred and fifty thousand dollars, and upon the
loan hereby authorised by the State for the same pur-

Charter chang-
ed.

pose, and the charter of the Baltimore and Susquehan-
na Rail Road Company shall be, and the same is here-
by so far altered and amended, that hereafter the in-

Number of di-
rectors.

dividual stockholders in said company shall elect one
director for every twenty-five thousand dollars paid in
of the capital stock of said company, and no more, and
that the State of Maryland and the City of Baltimore,
shall upon the acceptance of this act by the company,
and at all times thereafter, have each the right to ap-

State and City
directors.

point four Directors to represent the amount of capital
stock held respectively by the State and City, provid-

Condition pre-
cedent.

ed nevertheless, that no part of this act shall be of any
force or effect whatever, until after it shall have been
shown to the Treasurer for the Western Shore that the

City of B. re-
quired.

City of Baltimore has agreed by ordinance of its May-
or and City Council to accept this act and the provi-
sions thereof as a fulfilment on the part of this State,
of the conditions proposed by its ordinances, entitled
a supplement to the ordinance to provide for a loan of
certificate of city stock to the Baltimore and Susque-
hanna Rail Road Company, approved the tenth April,

Reservation.

eighteen hundred and thirty-seven, and thereby has
declared the obligation of the said city to deliver to the
said company certificates of stock of said city to the
amount of two hundred and fifty thousand dollars, in
the manner and form therein prescribed, is absolute and

Further proviso.

unconditional, and provided also, that nothing herein
contained shall be construed in any manner to impair
the rights or priorities secured to this State as a con-
dition of the aforesaid company, by the provisions of
the act to provide for the completion of the Chesapeake