The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1847-07-31

tanned shall be so construed as TO prevent
the levying and collecting of the taxes i'm
posed by SAID acts for the year eighteen hun
dred and forty one, eighteen hundred ami
forty Two, and eighteen hundred and forIy
three.
Sec. 9. And be it enacted, That the severaf
sums due from the Chesapeake and Ohin
Canal Company. and the Baltimore and
Su$quehanna Rail Road Company, TO the
State for interest shall be held and collected
by the Treasurer in trust, 10 be distributed
when sold or collected pro rata among the
creditors of sad companies respectfully, for
debts due prior to January the first eighteen
bundled and forty three; provided. that no
one Of said creditors shall receive more than
he principal and interest his debts.
Sec. 10. int be il enacicd. That the taxes
yet TO be collected for eighteen hundred and
forty one, e2h cen hundred and forty two,
and eighteen hundred and forty three, be
and the same are heleAy specifically APP
proprled, together with The debts due from
The Susqueha1ua and iGe Wafer Canal
company Tor inerps; on the loan made 10
said company, to the paymem, first of lie
interest due on The public debt 10 tie first of
January. eighteen hundred and forty four,
and secondly. of the interest and principal
when due of tie bonds Ecren authorised 10
be issued.
Sec II. A0d be il enacted, That on the
bonds hcrein authorised 10 be surrendered,
all claims against the State for interest shall
cease as Oh the first day of January, eigh-
teen hundred and forty-lour, and that the III
erest on the bonds authorised to be issued
by the Treasurer by tbs act shall bear inter-
est from the first day of January eighteen
hundrel aud forty four: and that all trans
ters or assignments of stock authorised 10 be
made under this act shall take effect as if
made on the said first day Of January, eigh-
teen bundled and forty four.
See. -. 4fad be it enacted, That the Treas
surer be and he Isl hereby authorised and di-
rectel TO collect the interest due the Susque-
hanna and Tide Water Canal company, on
account OF a loan made to said company by
the State, and 10 invest the same, from time
10 time a it is received, to constitute a sink.
ing fund, for the redemption of the principal
Of the bonds authorised to he issued by this
act, after having first paid the annual inter-
est as accrres thereon.
Sec. 10. Ank be ii enacted, That stock Of the
Stae in the Baltimore and SusQnehanna
Rail Road company amounting, at It's par
value, to one hundred and forty thousand,
one hundred and egllly.tour dollars, shall be
distributed and assigned BY the Treasurer
py0 rata amongst the holders of the States
bonds, bearing an interest OF three per cent
issued in pursuance of the act Of December
session, eighteen hundred and ttiry~seven,
chapter three hundred and two, the a%aign-
meut to be made 10 such holders and such
Only as shall accede 10 the provisions OF this
act,
SEC II. mi Jch enacted, That the Trca~
surer aforesaid be and he is hereby authors
Sel and directed 10 cause notice 10 be given
by Advertisement, in such of the cities OF this
county and Europc, as he may deem prop
er, that he vii! set up and expose TO sale AZ
public auction, all the Exchange in the city
Of Baltimore, on the third day of Sertrnber,
in die year eighteen hundred aud iorty-four,
the Bank and Turnpike road stocks held by
the State, said stocks 10 be sold 10 the high
est bidder for cash, or for coupons, Oh celtl~
iicates of interest due by the State, and un>
paid mp to the first day Of January: eighteen
bundled and toriy,lour inclusive: in which
advertisements shall be stated the number nj
shares Of stock of each description 10 De sold
the par value thereof thc market pIce there.
by the Baltimore quo aons at the date Of the
advertisement, and the and amount OF The
last dividend; and on the said FIRST day of Sep
tember the said Treasurer shall accordingly
set up aud expose 10 sale at public ancllon,
at the place aforesaid, to the highest bidder
the said stocks in such lots as he may deem
proper 10 be paid for as aforesaid: and upon
The sale thereof and payment therefor he
shall make all necessary conveyances and
transfers 10 give the purchasers the title of
the State therein: and be i further enacted,
that the said Treasurer shall have powero
continue the said sale from day TO day es
postpone it for period not eycee..s "'
teen days, by giving notice at the '''''O N'''
place aforesaid. ,,,. ,ho .,;1
Treasurer be, and is heret 'u''lo',so' '','.
directed to cause this a, OF Assembly to be
advertised m snch n,,spapers III tins coun-
~ and Fnrone as n his Judgment, will give
y t ,,i aai;ca 3lhe creditors Of the State.
VI T r. r' h;li.s long and complicated; end on
,,,a n;,, fading, will probably not be fully
nnJe, tood by those who may not have be-
w.. hem the numerous acts Of Assembly TO
'Nilicll it refers. That this masterpieces of
tatesmanship may be fully conprehended
II all its details and due credit awardedto
Is talented auihor-we have prepared the
GLOWING
ANALYSIS.