INDEX.

1845.

Chap.

Sec.

BALTIMORE AND OHIO RAIL ROAD COMPA-

NY—

versa.

370

BALTIMORE AND SOUTHERN PACKET COM-

PANY — Incorporated, &c.

252

BALTIMORE AND SUSQUEHANNA RAIL

ROAD COMPANY— So soon as they

shall have approved and agreed to the pro-

visions of this act and communicated their

acceptance to the treasurer, &c. and the

city of Baltimore by an ordinance, &c.

shall have approved and assented, &c. au-

thorised to negotiate a loan, &c. to issue

bonds, &c. for an amount not exceeding

$150, 000, &c. no bond or other evidence

of debt to be sold for less than par value.

93

1

Monies to be borrowed to be appropriated

and used for increasing the motive power,

&c. establishment of depots, &c. for pay-

ment of notes of the company, &c. if any

part of said monies be applied to any use,

&c. not within the true intent and mean-

ing of this section, the person so allowing

shall be liable in an action for money had

and received, &c. president and directors

to furnish the Treasurer of Maryland an

account on oath, &c. if all expenditures of

moneys borrowed, &c.

"

2

For securing the punctual payment of

interest, &c. of debts, contracted presi-

dent and directors to stipulate, &c. that

the same shall constitute a prior lien on

all the property, &c. of said company said

president and directors annually before

making any payment to the State, first out

of the revenues to pay, &c. the interests

on the debts authorised to be contracted

and each year to set apart out of revenue,

$10, 000 to form a sinking fund, &c.

"

3

It shall appeal upon face of every bond,

&c. issued by said company, that the same

forms a part of the aggregate of debt to be

incurred, &c. and such evidence of debt

to be registered by commissioner of loans,

&c.

"

4