Wheeling daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1852-1859, 1853-12-06

on the first day of January, in the year eighteen
hundred and ninety, in the city oiaalllnore' with
interest at the rate Of six per cent fer onnum,
nayable haIf-yeafly, also in said city. on the first
iav January and the flsts day Of July, in the
mean while-npon satisfying the Register OF Inc
CITY that said bonds shall not be disposed Of kT
sum les than par; and that none of the bonds en-
1oTsed as herein provided Tor, shall be seld until
notice of their intended sale has been gwen ny |
advertisement, 10 be nSeTtedin OF least two oil the
newspapers Of the city of Baltimore, once week
for four weeks before the day of sale, and inviting
nroposuIs for their purchase, the principal andIn
erest being cured bya pl' dge by way 81 portage
OF all the property OF the said baltimore and ONO
Railroad Company; then and in that event the
said Register shall endorse either oy writing OF py
causing the same to be printed or engraved on the
said Bonds or Certificates OF Loan OF The SAID Com
pany. The guarantee OF, the Mayor and City Cnun-
Gil of Baltimore, 10 be signed by the Mayor oil the
said city, and eountesigned by said Register, Tor
the time being, with the Corporate Seal OF the
said Company nfixel thereto, in tho following
words: g,-,. 81 ias
Gil of Baltimore do hereby guarantee the pay
ment of the within Bond or Certificate of Loan
for with interest thereon, according
to its tenor. In testimony whereof,
Mayor of The said city hereunto subscribe
ed his name, and caused the Corporate
TsEAL.l Seal Of the said Mayor and City Coun-
Gil, to be hereto affixed on this
day of in the year eighteen
hundred and fifty
Sec. Q! And it lie enacted and ordained, That
should the said bonds ard Certificates of Loan of
the baltimore and Ohio Railroad Company be issu-
ed, with interest Coupons shall be guaranteed by
endorsing i'll writing printing or engraving thereon
the words "GuuIanteed by the Mayor and City
OF Baltimore. Register" The said Register
being authorised 10 use a stamp with 0Simle
of his signature, in lieu Of his own proper sigma
TUE on such Coupons.
Sec. 3. And be it enacted and ordained That
before the said Register shall deliver 10 the SAID
Baltimore aud Ohio Railroad Company the Bonds
and Certificates of Loan so guaranteed by the
Mayor and City Council of Baltimore, lie shall be
satisfied, by the exhibition and delivery 10 hun Of
the duly acknowledged and accorded original, that
the said Baltimore and Ohio Railroad Company
hath executed to the Mayor and City Council OF
Baltimore, good and sufficient deeuS ptdgIng tlE
property and The net revenue of the said Company.
for The payment OF said Bonds or Certificates Of
Loa H. and the interest thereon, according to their
tenor. 'a ~
Sec. 4. And be il enacted and ordained, thattle
Baltimore and Ohio Railroad Company shall SO
arrange their rates for freight aud
messengers. TO be carried On the said roa4I that
there shall be no discrimination against the city OF
Baltimore but thqtthe freight and passengers SO
to be transported to and iIom said city, Shall he
carried at tie lowest rne per mile, charged by The
SAID company, whose acceptance Of the endorse
ments of the bonds aforesaid Shall be held aud Id
ken rs II agreement on their part, that iTeght and
passengers shall be charged herein provided for
| and that all connections hereafter made by any
Railroad Company with the Baltimore and Ohio
| Roiroad, W hich maysterminate at tide water upon
| The PatapSco rver, or any OF It's tributaries, out
side OF the limits of the City OF Baltimore, the PTe-
sident and Directors shall also bind themselves 10
charge full freight or passuge 10 said juCtion OF
! connection, though il We're transported 10 the
city Of Baltimore.
| Sec S. Aud be it enacted and ordained, that be-
L hsP.s tAFfAN itsI
lor, the l.resdrutaud Directors Of The Baltimore
and Ohio Railroad company shall deliver 10 the
Register four pomis$ory notes oil the company Tor
| the sum of one hundred and twenty-five thousand
dollars each, the said notes to be secured in u
manner 10 be approved by the Register and the
| COMMISSIONED of Finance CT the City and 10 be
payable at one, two, three and four years. respect
lively from their dateS the proceeds OF sud nGteS
10 be invested as they are paid, by The Register Ill
BALTIMORE City securities, Tor The purpose oil form
ing Sinking Fuad Tor the payment OF the SAID
| bonds OF their maturity
| Sec. 6. aud be it enacted and obtained. that
1 the non-paJ ment, by the said Baltimore aud Ohio
Railroad Company, of the interest or any part
thereof, the said Bonds and Certificates of Loan
OF any Of them, is hereby recognised as giving an
Instant claim fol the payment thereof 10y the
| .ayor and City Council of Baltimore. and the
faith Of The Mayor aud City Council OF Baltimore
is hereby SOlemnY PledEeti to take all such steps
as may be necessary to enable them 10 meet with
out delay, the liabilities incurred by them, by the
IEuaTaItee hereby nuthUTlSe Under the power 10 De
given 10 them by the act of the General Assembly
Maryland aforesaid, and for that purpose, should
tile City Council not be i'll session. 10 convene ihs
SANE forthwith to the end that the holders of the
Bonus or c. rfcates OF Loan may be subjected to
| no avodable delay in the punctual payment OF the
prnclpal aud interest thereof, according TO their
| tenor. n. r.
| Sec. I. And be it enacted and ordained, that
the said Register Of the City shall open upon his
stock book, aseparate account of the bonds atOre=
said, and make report of The same to The Mayor
and the City Council Aforesaid, at their regular
ann2al session. now. ..1iE.l5ill5ci
Sec. 8. ADibe it enacted and ordained, that until
the passage OF an Act Of tue CTeneral Assembly OF
Maryland conirnlalory thereof, no part oil this Or
dinance shall have elect for any intent or tpur-
pose Whatever a,2' = s9s''' '5 D. - q ia'r ,",'
| .5CoLLEoEs or TiE ,UxrrED STA rEs.-Two hun
dred aud fifteen years have passed away since the
! FIRST CoIege-Harv Yard UnIyerslty7was founded in
our countIY; and at the close of the yeventeenth
century the number had Increased to only three
Harvard of Massachusetts,; the College offWil-
ham and Mary, in virginia. aud Yale, in Gonnec-
htcut. But within The past century. a great change
has come over the spirit of the scene. y here are
now 100 Colleges in the United StaleS. The num-
Der of underS radnates in these IS over
! l0O0-which increased by the students who are
connected with their Professional departments,
amounts 10 about I4,0o0.r There areo1S Colleges
in New England, spme Of which may be denotni-
mated national HstitutOHs, deriving their students
more or less from every State, and sending forth
Etheif influence TO aii parts of-the7 Union. These
| Is graduate about 500 students annually. Since
their establishment they have graduated 25,0O0
\ students. Most of the colleges in tile United
States have been founded and directed W the eleri
gy and other members. of the Congregational and
| Presbyterian determinations. Thirteen are
under the suPehntendence of Bnptists, thirteen of
hIethodstS, eight of EpiScopaIianS, and eleven Of
| Roman Catholics. g, .i3!. sod" 5rf -aae# g.
Besides the above institutions, or connecteed
with them, there are 43 Theological SemnarieS, 8
of lVhieliare in NeWEng 1d;; IS Medical schools,
Of which. are supRoTtedIin the Eastern States;
and IS Law Schools, to only of which are'iu New
| Englan1--being those connected with Yale- aud,
Harvard C;olIegtss. :. - . ~ = ~ z.