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LAWS OF MARYLAND.

Premium.

SEC. 5. And be it enacted, That the premium (if
any) that may be received on account of the sale of
the said certificates or bonds, shall bo converted into a
sinking fund and invested in the public debt of the city
of Baltimore, and so from time to time with the inter-
est quarterly accruing, to be applied to the payment of
the original internal improvement debt of the city.

Obligation.

SEC. 6. And be it enacted, That the acceptance of
this ordinance by the said company, and the mortgage
required to be given by said company, shall be con-
strued and understood as obligating the said company
to pay to the said register the principal sum of five mil-
lions of dollars, issued under the provisions of this
ordinance, less the amount of the sinking fund, and its
accumulations, mentioned in the third section of this
ordinance at least one month before the clay on which
the certificates or bonds hereby directed to be issued,
shall become redeemable and shall also pay to the said
register interest at the rate of six per cent, per annum,
on the whole amount of said certificates or bonds so
issued quarterly, and in advance at least ten days pre-
vious to the first days of the several months aforesaid
on currency bonds, and thirty days previous to afore-
said, first days on sterling bonds which said payments
shall commence to be made in advance of the first
payments of interest, which shall be required to be
made by the Mayor and City Council of Baltimore on
said certificates or bonds and shall continue to be made
as aforesaid until the repayment of the said company
to the Mayor and City Council of Baltimore, of the
principal sums of money which shall or may be issued
as aforesaid.

Stamp.

SEC. 7. And be it enacted, That the said register
shall procure a stamp with the words "Safety fund
Stock — not to be re-issued," legibly cut thereon, and
shall cause the same to be fairly impressed across the
face of each certificate of Baltimore city stock invested
as aforesaid, and cause an entry of the said certificates
to be made in the books of his office from time to time,
as the same may come in his possession, and shall
make an exhibit of the said entries and certificates to
the committee annually appointed to examine the
books and accounts of his office, which committee shall
make such examination a part of their report to the city
council, stating the amount of said certificates and
general condition of said safety fund.

Authority to
borrow.

SEC. 8. And be it enacted, That in order to meet
the present exigencies of the Baltimore and Ohio Rail
Road company, when the Legislature of Maryland,