T. WATKINS LIGON, ESQUIRE, GOVERNOR.

13

of the passage of this act, then this act and every thing
herein contained shall be utterly null and void.

CHAPTER 12.

AN ACT amendatory of an act entitled, "An act to
incorporate the Manchester Mining and Manufactur-
ing Company," passed at December session, Eight-
een hundred and fifty-four, chapter two hundred and
thirty-eight, authorising the said company to issue
bonds and dispose of the same.

Passed
February
27, 1856.

SECTION 1. Be it enacted by the General Assembly
of Maryland, That for the purpose of enabling the said
Manchester and Manufacturing Company more fully to
accomplish the objects contemplated by the original act
incorporating the same, the said corporation be and is
hereby authorised to issue bonds from time to time, in
sums to suit its convenience and views of expediency,
and to an amount not exceeding in the aggregate of
bonds outstanding at any one time two hundred and fif-
ty thousand dollars, such bonds to be made payable at
not more than twenty years from their date with interest
at the rate of six per centum per annum, to be paid in
semi-annual instalments; and that the President and
Directors of said corporation may sell, use or dispose of
all such bonds at pleasure, upon such terras and in such
manner as they may think best for the interest and ad-

Authorised
to issue
bonds.

vantage of said corporation: Provided, that none of
the bonds hereby authorised to be issued shall be for a
less sum than one hundred dollars, and that nothing
herein contained shall be construed to authorise the said
corporation to issue any thing in the shape of a bank note
or other paper intended for circulation as a currency.

Proviso.

SEC. 2. And be it enacted, That this act shall take
effect from the day on which it may be passed.

In force.