LAWS OF MARYLAND.

1844.

conditions precedent prescribed by this act, then this State
will allow and permit, and hereby assents, that the interest
on said certificates shall be paid by said company, in pri-
ority to the interest hereafter to be paid to this State, on
the obligation of the said company, other than the bond
of said company, received under the first section of the

CHAP. 869.

act to which this is a supplement; provided, that none of
the certificates which may be issued by said company, as
aforesaid, shall be redeemed by said company, unless with
the assent of this State, prior to the payment in full by
said company of all its obligations to this State; and pro-
vided further, that the assent hereby given, shall not im-
pair the existing liens of this State on the said canal and
its works and property, or on the Tide Water Canal and
its works and property, and provided further, that before
this act shall be of any effect, the Susquehanna canal
company, and the Tide Water canal company, under the
respective corporate seals of said company, shall declare
their assent to the provisions of this act.

Provisoes.

SEC. 2. And be it enacted, That the like assent, and
on the same terms and conditions, and subject to the same
provisoes, as are declared in the first section of this act, in
respect of the certificates therein mentioned, is given in
respect of such amounts, as may from time to time, not
exceeding in the whole the sum of twenty thousand dol-
lars, be funded by said company, in respect of the claims

$20, 000 to be
funded.

firstly mentioned in the preamble of this act.
SEC. 3. And be it enacted, as a condition precedent to
the funding of the said debts, of the class thirdly mention-
ed in the preamble of this act, that the persons named as
mortgagees, in the said mortgage, bearing date the twen-
ty-third day of August, eighteen hundred and forty-one,
or such of said mortgagees as have an actual interest
therein, or their legal representatives, shall execute to the
State of Maryland such deed, to be approved by the At-
torney General of the State of Maryland, as will be apt
and sufficient to postpone their liens, under said mortgage,
or under or upon any judgment or judgments, growing
out of or based upon said mortgage, so far as respects
the principal of the debts thereby intended to be secured
to the liens of this State on said canal, and all its dams,
docks, works, property, revenues and income, and to cause
the same to be recorded both in the counties of York and
Lancaster, in the State of Pennsylvania, and to transmit
copies from the records of said counties, under the seals

Deed to be
approved by
Attorney Ge-
neral.

of the respective prothonotaries, to the Treasurer of this
State; provided however, that in such release, all rights
27

Proviso.