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CHAP. 347.
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of the preceding section of this act, shall be payable out
of any moneys which, from time to time shall accrue, or
be derived from the use of the Annapolis and Elkridge ;
Rail Road in connection with the Washington Branch of
the Baltimore and Ohio Rail Road, computed in the man-
ner prescribed by the act of December session, eighteen
hundred and forty-one, chapter one hundred and sixty-
eight; and that it shall not hereafter be lawful for the
treasurer to apply any surplus which may at any time be
remaining in his hands, accruing or derived as aforesaid,
to the payment of the principal of any bonds or certifi-
cates issued under the provisions of the last mentioned
act, until after the payment of all interest which may ac-
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Provisoes.
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crue on the certificates by this act authorised; provided
nevertheless, that the interest on Ihe bonds or certificates
lawfully issued under the provisions of the said last men-
tioned act, and now lawfully outstanding, shall be paid
in priority to the interest on the certificates which may
be issued in virtue of this act, in case of an insufficiency
of means for the payment of the interest on both in lull,
and that so much of the profit accruing from the connection
aforesaid, and derived as aforesaid, as may be necessary
when added to the net profits of said company, for the
payment of the interest from time lo time, on the bonds
or certificates as aforesaid, lawfully issued and lawfully
outstanding, is hereby pledged and dedicated for the pay-
ment of said inteiest; and the surplus, or so much there-
of as may be necessary, is hereby pledged and dedicated
as the only fund for the payment of the interest of the
certificales by this act authorised to be issued; and pro-
vided further, that in case said surplus at any time when
interest shall be payable, shall be insufficient for the
payment of the same in full, on all the certificates issued
in virtue of this act, then interest shall be paid on the
said several certificates in like propoitions, according to
their respective amounts, in part of said interest; and so
from time to time; and if at any time after payment of
the interest on said certificates, there should still be a sur-
plus, the same shall be applied, in the discretion of the
treasurer, as authorised by the third section of the said
act of eighteen hundred and forty-one, chapter one hun-
dred and sixty-eight.
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Take effect
from passage.
Arbitrators
appointed.
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SEC. 7. And be it enacted, That this act shall take
effect and operate from the day of its passage.
SEC. 8. And be it enacted, That Richard B. Carmi-
chael, Grafton L. Dulany and D. C. H. Emory, are here-
by appointed arbitrators to carry into effect the provisions
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