1844.

THOMAS G. PRATT, ESQUIRE, GOVERNOR.

CHAP. 269.

Preamble.
Proviso.

proposed, and to receive said certificates at par, as a mode
of payment of their respective claims, and to forbear all
proceedings against said company in enforcement of their
existing rights, (except in so far only as may be necessary
by law to keep the same alive and unimpaired; ) provided,
this State will assent to the payment of the interest on
said certificates, in priority to the interest to accrue to
this State on the obligations of said company, other than
the bond of said company, received under the first sec-
tion of the act to which this is a supplement; AND WHERE-

AS, it is also represented, that the said company proposes
to fund in like manner, from time to time, such sums as
may be necessary to satisfy the unsettled claims firstly
mentioned in this preamble, as they shall be definitely as-
certained, not exceeding in the whole the sum of twenty
thousand dollars, and to issue like certificates therefor, in
payment of said claims, and which certificates, it is sug-

Proviso.

gested, will be received at par in payment of said chums,
when ascertained as aforesaid; and provided also, thai
the acceptance of said certificates of debt, by the creditors
of the classes aforenamed, as a mode of payment, shall
not be deemed or construed as an extinguishment or satis-
faction of the said mortgage, or other existing liens by
them held, for the eventual payment of the principal of
the respective debts; but the same shall continue in full
force and effect (except as to the priority of lien herein se-
cured to the State, in the mortgage aforenamed, ) as a se-
curity for the payment of said certificates of debt hereby
authorised to be issued, until the same are fully paid by
the said company.

Creditors to
pay the bal-
ance of inter-
est in 60 days
to Treasurer.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That in case the creditors and claimants, re-
ferred to in the preamble of this act, or some one or more
of them, shall within sixty days from the passage of this
act, pay on behalf of said company, to the Treasurer of
this State, the balance of interest due and in arrear, to
the first day of January, eighteen hundred and forty-five;
say the sum of thirteen thousand, two hundred and seven-
ty-five dollars, and now payable by said company to this
State; and in case the person or persons so paying, will
agree with said company to fund the amount 30 paid, in
augmentation of the amounts proposed to be funded by
said company; and in case also, all the claimants and

Fund their
claims and
debts.

creditors of the second and third classes, in the preamble
above mentioned, will agree to fund their claims and
debts on the terms and on the conditions above mention-
ed, and receive certificates for the same from said com-
pany as proposed to be issued, and on performance of the