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THOMAS G. PRATT , ESQUIRE, GOVERNOR.
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1346.
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of this act, whose fees for services shall be paid, either
by the said Passmore McCullough or the State of Mary-
land, or both, as the Legislature shall hereafter deter-
mine.
SEC. 9. And be it enacted, That the provisions of the
act of December session, eighteen hundred and forty-
three, chapter one hundred and eighty-fight, is hereby
repealed, so far as the same is inconsistent with the pro-
visions of this act, and the award made in pursuance
thereof is hereby declared null and void.
CHAPTER 348.
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CHAP. 348.
Repealed.
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An. act in relation to the Tobacco Fund.
WHEREAS, it is represented that the tobacco fund will
require pecuniary aid to enable it to meet the extraordi-
nary demands growing ont of the great increase in the
receipt of tobacco from the West, and the expense in-
curred in the erection of the new tobacco warehouse,
authorised to be built by an act of the General Assembly
of the last session, (December session, eighteen hundred
and forty-five) — Therefore,
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Passed March
10, 1847.
Preamble.
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SECTION 1. Be it enacted by the General Assembly of
Maryland, That the commissioner of loans be, and he
is hereby authorised to negotiate a loan on the best terms
he can, by disposing of the stock of the State, bearing an
interest of six per cent, per annum, the principal redeema-
ble at the pleasure of the State, at any time when, in the
opinion of the treasurer of the State, the situation of the
tobacco fund will enable the State to do so with pru-
dence and safety, and ihe interest on said stock to be
payable half-yearly on the first days of January, and on
the first days of July in each and every year; both prin-
cipal and interest to be paid out of the tobacco inspec-
tion fund only, and from no other money or monies in the
treasury for such sum or sums of money as the treasurer
of the State shall certify to said commissioner of loans are
necessary to accomplish the purposes of this act, namely:
to enable the State tobacco inspectors in the city of
Baltimore, to carry on the operations of their respective
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Commissioner
of loans to ne-
gotiate a loan.
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warehouses, according to law; provided, that the sum or
sums of money so certified by said treasurer to said com-
missioner, shall in no one year exceed the sum of twenty
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Proviso.
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