24

LAWS OF MARYLAND.

berland may if they choose by an ordinance to be passed
for that purpose dispense with or waive the last mention-
ed condition if it be contrary to existing engagements
for the said Railroad Company to execute the said deed

Proviso.

of trust; Provided, that in lieu of said deed of trust
other satisfactory security be given by the said Railroad
Company to ensure the fulfilment of its obligations under
this law to the said city of Cumberland.

Bonds to
be issued.

SEC. 2. And be it enacted, That the bonds to be
issued as aforesaid, shall be of various sums or denomi-
nations of not less than one hundred dollars, nor more
than ten thousand dollars; and that as auxiliary to the
purposes of this act the following persons namely,
Alpheus Beall, William Weber and Joseph H. Tucker,
be and they are hereby constituted a board of trustees,
for and on behalf of the said city of Cumberland, as
well as for and on behalf of the said Pittsburg and Con-
nellsville Rail Road Company, and that the said bonds
when executed, instead of being delivered to the said
Rail Road Company, shall be delivered to the said board
of trustees simultaneously with the delivery by the said
jail road company to the said city of Cumberland, of
the proper transfers or certificates of stock to be paid
for by said bonds; and that upon the delivery of said
bonds to the said board of trustees, the title of the said
city of Cumberland, to the stock so purchased as afore-
said, shall be full and complete. That all said bonds
shall be held by the said board of trustees, until they
shall be satisfied that the negotiations of the said rail
road company for the sale of its stock, or for guarantees
of its credit with the various cities, towns, counties and
other corporate bodies or parties now pending or in
contemplation have terminated successfully, or in such
manner as to justify the conviction in their minds, that
the said rail road company will obtain the aid necessary
to finish its railway from Pittsburg to Cumberland,
within a reasonable time; that then the said board of
trustees are to be at liberty to deliver to the said rail
road company, one-third in amount of said bonds, of
such denominations as the said rail road company may
prefer. And that on the completion of said railway
from Pittsburg to Cumberland, and its full equipment for
service, the remainder of said bonds shall be delivered
to the said rail road company or its assigns. And that
until the completion of said railway and its full equip-
ment for service as aforesaid, the last mentioned bonds
shall not be subject to sale or assignment or any other
disposition whatsoever by the said rail road company,