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the sale thereof, to be paid into the Treasury, and ap-
plied to the use of the different companies mentioned
in said act, in the proportions and upon the conditions
therein specified.
Resolved, That the commissioners appointed to sell
said bonds, entered into contracts with the Chesapeake
and Ohio Canal Company, and the Baltimore and
Ohio Rail Road Company, on the thirty-first day of
March last, for the sale of a part of said bonds,
amounting to three millions of dollars to each of said
companies, which contracts have been so made as to
leave it doubtful in what manner the money arising
from said sale is to be applied, and whether, in ma-
king such contracts with the said parties, the commis-
sioners have complied with the intention and meaning
of the said act of Assembly.
Resolved, That if the said contracts were set aside,
it would still be incumbent upon the State to renew
and continue the attempt to dispose of the said bonds
so as to provide the means of paying the subscriptions
to the said companies, as required by the said act, and
that the renewal of negotiations for that purpose, would
be attended with delays, which would be injurious to
all the parties concerned, and fatal to the Chesapeake
and Ohio Canal, without relieving the State from any
of its obligations.
Resolved therefore, That the contracts made by the
said commissioners with the said companies, shall be
considered, and they are hereby declared to be, bind-
ing upon the State; provided, that no part of the said
bonds or certificates shall be delivered to either of the
said companies or their agents, or to any person what-
ever, nor shall they he obligatory upon the State until
the company or person claiming the same, shall first
pay to the Treasurer of. the Western Shore one hun-
dred and twenty dollars for each hundred dollars of
said bonds; and the Treasurer is hereby authorised
and directed to apply the par value so received for said
bonds, to the use of the different companies mentioned
in said act, according to the proportions and con-
ditions therein prescribed; and as the said sums are
paid into the Treasury, if any one of said companies
should not have so far progressed in its operations as
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