T. WATKINS LIGON, ESQUIRE, GOVERNOR.

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so as to give to any purchaser or creditor of the com-
pany any right to or interest in the same. But the said
board of trustees may if they think it prudent to do so,
prior to the completion of said railway and its full equip-
ment for service as aforesaid, sell the remainder of said
bonds or any of them, or negotiate loans of money upon
the credits thereof, by pledging the same and apply the
proceeds of sale or loans obtained, to the use and bene-
fit of the said rail road company; and for such and other
service to be performed by the said board of trustees
under this act, they shall receive such reasonable com-
pensation as their cestuis que trust, may with their joint
approbation allow them.

SEC. 3. And be it enacted, That the vacancies, if
any, which may occur in said board of trustees by the
death, resignation or removal from Cumberland, of all
or either of them shall be supplied by appointments, to
be made by the circuit court for Allegany county, of
which appointments a certificate or certificates shall be
issued under the seal of the court, to be recorded
amongst the judgment records thereof.

Vacancies.

SEC. 4. And be it enacted, That if the said rail road
company, shall fail to pay the instalments of interest
accruing upon the bonds aforesaid, or any of them, the
mayor and councilmen of the city of Cumberland, be
and they are hereby authorized to levy a tax not exceed-
ing the rate of fifty cents to the hundred dollars worth
of property, on all the assessable property within the
corporate limits of the said city, to be applied to the
payment of the interest in arrear upon said bonds; and
that they be and are hereby authorized to levy the like
tax to pay the arrears of interest upon said bonds as
often as it shall become necessary so to do, by reason of
the default of the said rail road company. And that
the taxes or sums of money to be so levied and applied
shall constitute a debt recoverable by the said city of
Cumberland, from the said rail road company as money
lent. But until it shall become necessary to impose a
tax for the purpose before mentioned, if the mayor and
councilmen of the city of Cumberland, should think it
prudent in anticipation of the maturity of said bonds to
become a purchaser of the same, they are hereby author-
ized to levy a tax not exceeding the rate aforesaid, an-
nually or at such other intervals not less than a year as
they may adopt, for the purpose of procuring the means
to purchase any of said bonds that may be. marketable,
to be held by the said city of Cumberland, upon the

To levy a

tax.