Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1866-05-04
LAWS OF MARYLAND.
PUBLIC GENERAL-[orslctAL.l

PUBLIC GENERAL-EoPsictAL.]
A BILL, entitled An Act directing the Gov
ernor, Comptroller and the Treasurer OF
this State to sell the dividend stock held
and owned by this State in the Baltimore
and Ohio Railroad Company, and TO apply
the proceeds thereof in part payment OF the
debt of this State.
WHEREAS, The State Of Maryland is the own
err Of three thousand nine hundred and twelve
and eight-tcnth shares Of the dividend stock
of the Baltimore and Ohio Railroad Compa-
ny, and it is deemed TO be to the advantage
Of the State that The same should be sold and
applied to the payment Of the debt of the State;
therefore
Section |. Be ii enacted by the General Assem-
big Of Maryland, That the Governor, Comp
troller and Treasurer Of this State be, and
they are hereby directed, to sell for the hest
price that can be obtained therefor, the three
thousand nine hundred and twelve and eight
tenth shares of dividend stock OF the Balti
more and Ohio Railroad Company, now held
and owned by this State; and that the pro-
ceeds of the sale Of the said dividend stock
shall be by the Treasurer received into the
Treasury as other moneys of the State are
now directed to be received into the said Trea-
sury; and that the money so received shall
be applied in reduction of the debt Of this
State. a
Section 2. And Be II further enacted, That
this act shall take effect from its passage.
A BILL, entitled An Act to authorize the Go
vernon, Comptroller and Treasurer to dis
pose Of all the Bank stocks held by the
State, and TO invest the proceeds thereof as
therein directed.
Section |. BE iteracted By the General As
sestiy Of Aaryland, That the Governor, Comp
troller and Treasurer Of the State are hereby
authorized CONFORMITY or any two Of them TO
sell ut public auction, at such times and in
such sums as they may deem most advantage
Gus to the States interest, the Rank stocks
Standing in the name Of the Treasurer of the
Western Shore or in the name of the Trea-
surer of Mary land, in trust for or belonging
TO and standing TO the credit of the several
counties of this State, for the respective free
schools or other schools thereof, and 10 re-
ceive in pay nent the bonds and registered
debt due aud owing at the date of the adop-
ton Of the Constitution, equal in amount TO
the price obtained for the same, or to invest
the proceeds thereof in the bonds of the State
authorized by the Act Of 1865, ch. SO, known
as the Defence Loau provided that the said
sales shall not be for less than the par value
of the Bank stocks.
Section Q. And be IL further enacted, That
the State debt, when so purchased, shall be
transferred to and stand in the name of the
Treasurer OF Maryland upon the books of the
/ Treasury, in trust for the free schools, or 9th
er schools, as the case may be, of the respec-
| tive counties and for the same purposes as the
| said bank stocks, so sold, were before several
| ly held, and the interest and proceeds there
| from, when received by the Treasurer, shall
/ be applied by him for the same purposes and
upon the said trusts as the dividends of the
said bank stocks had before been respectively
applied
Section 2. And Be i! Snacted, That the Gov
ernor, Comptroller and Treasurer or this State
are hereby authorized, conformity, or any Two
OF them, 10 dispose Of all the hank stocks held
and owned by the State, and to receive in pay
ment the bonds and registered debt due or
owned at the adoption of the Constitution,
| equal in amount to the price obtained for the
game, or to invest the proceeds thereof in the
bonds Of The State authorized by the act OF
| 1865, Oh. 33, known as the Defence Loan
provided, that the said sales shall not be for
/ less than the par value Of said stocks; and to
| effect such disposition, they or any two OF
them are hereby authorized to sell at public
! nuction, at such times and in such amounts
as they may deem most advantageous to the
/ States interests, or to advertise fer proposals
| to purchase the same, provided that the same
/ shall not be sold to any bidder or bidders If,
4 in the Judgment Of the said officers, or any
two Of Them, the said stocks should not be dis
| posed Of a. the price or prices offered.
Section A. A,ad be II enacted, That this act
shall take effect from its passage.
/ 4 BILL, entitled An Act to repeal the six
| teenth and twenty-ninth sections of the
| seventy fourth Articles oft Code of Public
| General Laws, relating to Pilots, and to
substitute in lieu thereof the following N
! SEcTIoN !. Be IL enacted by the General As
seniJly Of Maryland, That sections sixteen and
/ twenty-nine of Article seventy-four of the
| Code of Public General Laws relating to
Pilots be and they are hereby repealed, and
the following substituted therefor
Sec. l6. All masters of foreign vessels and
vessels from foreign port, and all vessels
sailing under register, bound to and from
/ Baltimore city, except vessels engaged exelu-
| syely in the coasting trade, shall take Ii
censed pilot, or III case Of refusal to take such
| pilot shall himself, owners or consignee, pay
the said pilotage asiF one had been employed
and such piloiage shall be paid to the pilot
! first speaking or Offering his services as pilot
TO such vessel, before Cape Henry bears south
| ifinward bound.
SEC 20. The pilots shall be required, under
the direction Of the board, to keep as many as
three pilot boats at sea, one of SAIL boats to
be stationed fifteen miles TO the north of Cape
v.
1 from Cape Henry, and one fifteen miles south
of Cape Henry; and the board shall have full
power to make rules and regulations for their
i cruising, and may designate and appoint hive
/ pilots and grant them authority to enforce
such rules and regulations as they may adopt,
and to inspect the boats in service from time
to time, and generally do all things which
may be necessary for the efficiency OF the
pilots and the boats used in. the service.
SEC. And be Il enacted, That this Act shall
take effect from and after the date OF its
i passage.
( A BILL entitled An Act TO secure the COM
pletion Of the Eastern Shore Railroad.
| SECTION /. Be enacted Jy the General As-
senbly Of Maryland, That the lien held by the
/ State Of Maryland on the property Of the
Eastern Shore Railroad Company to secure
the payment Of six per centnm interest out Of
+ the profits of the work on the shares of the