T. W ATKINS L1GON, ESQUIRE, GOVERNOR

31

shall have confirmed this ordinance, the register be, and
he is hereby authorised to borrow upon the faith of
the Mayor and City Council of Baltimore the sum of
one million of dollars, redeemable at pleasure, bearing
interest at the rate of six per cent, per annum, payable
quarterly, and pay the same to the said company, and
upon his receiving the amount of sales of the certifi-
cates as provided for in this ordinance, he shall repay
the city with the interest accrued thereon from said
amount of sales in lieu of paying them over to said
company.

SEC. 9. And be it enacted, That the ordinance en-
titled, an ordinance to guaranty the bonds of the Bal-
timore and Ohio Rail Road company, approved De-
cember the fourteenth, eighteen hundred and fifty-
three, be, and the same is hereby repealed.

Repealed.

SEC. 10. And be it enacted, That this ordinance
shall have no effect until confirmed by the next Gener-
al Assembly of Maryland; Now therefore,

Ordinance to
be confirmed.

SECTION 1. Be it enacted by the General Assembly
of Maryland, That the said above recited ordinance
be, and the same is hereby confirmed, and that full
power be, and the same is hereby conferred upon the
Mayor and City Council of Baltimore, and upon the
commissioners of finance and the register of said city
of Baltimore, to carry into effect all the provisions of
the said ordinance, in the same manner to all intents
and purposes, as if the said Mayor and City Council
had been previously to the passage of said ordinance,
authorised and empowered by an act of the General
Assembly of Maryland to enact an ordinance in the
precise terms of the ordinance above recited at length,
and to provide for carrying the same into effect.

Confirmed.

SEC. 2. And be it enacted, That nothing in this act
or in the said ordinance contained, shall be taken or
construed to impair or lessen in any manner the liens
or securities which the State of Maryland now has in
the revenue of the said Baltimore and Ohio Rail Road
company, for loans heretofore made by the said State
to the said company or for the interest now due or that
may become due thereon, to the said State.

Construction
of act.

SEC. 3. And be it enacted, That this act shall take
effect from and after the date of its passage.

In force.