Port Tobacco times, and Charles County advertiser. (Port Tobacco, Md.) 1845-1898, 1868-10-16

O6C1xON IL IN u SUkCtStk w Us0 SCssS Wv
Lssenssy Of Maryland, That the sum Of
6Ss hundred thousand dollars be and the
sstns Is hereby appropriated and set apart
for the construction OF works OF Internal In
psanasaantin the said counties EespectiEely as
follows: to Charles County, the sum Of one
hundred aud seventy five thousand dollars
to6t Mary q County, the sum of one hun
DID ssnd seventy-three Thousand dollars !;
and to Oslvert County, the sum of one hum
dred and fity.two thousand dollars and as
soon as It shall appear to the Treasurer OF
this State. by tho saf6dasit OF the Pres
idlnt IF Il any railroad company, now
clustered, cor which may hereafter be char
tered 10 said counties respectively, that
bona fde subscriptions to the capital stock
OF any such company. equal 10 amount to
the a1msby this ACT tauthorizstl and directed
b. be given to such county, shall be actually
made either in land or money, the Treasurer
Of this State shall be and be ID hereby au-
thorized and required, in the name and be-
hSifUff tue State, upon the Recommendation
Of the County Commissioners Of said county
making such application, to subscribe for so
many shares of the capital stock Of the COM
psny as shall amount to the sum which, by
this Act, is distributed and applied to said
county, and the said Treasurer shall, out of
ely .unappropriated money in the Treasury,
pay the iDstallments on each share Of the cap
ttal stock Of said company or companies,
tby which be shall subscribe as aforesaid, on
thg- warrant of the Com ptroller,r which the
latter officer jis hereby directed TO issue as the
said ,ipstallmepts may be called, for by the
County Commissioners Of said county and
accessible TO the provisions Of the Act ,incor-
porstiug said company or companies pro-;
yided that the Treasurer shall not at any
tine p1y upon the States subscription TO the
capital stock of any the ssid companies
greater amount than shall have actually been
subscribed aud paid, Is required by this Act,
BY other subscribers to the capital stock Of
tie said companies and, provided further,
that the said Treasurer shall not pay more
than oue-fourth Of the whole amount appro-
priated under this Act in any one year....z.-
SEQ. 2. And Be It enacted, That if the
whole q any portion of the fund appro-
priated BY this Act shall not be demanded,
according to the provisions of this Act, by
any Of the counties referred to, that then. and
in,that,ease, the Aforesaid Ave hundred thou
sand dollars Get apart and Intended to be ap-
piled to works of Internal Improvements in
said counties, shall be held sacred, and the
faith Of tho State pledged, that the said
amount shall be exclusively devoted to works
Of lIuternSl Improvements IN. said counties,
and subject to the opposition of any future
legislation of this State. i, j .,aleqeqa4a si.f
SIC. 8. ,Apd be Il enacted, That when q
dsmsnd shall be made for any portion Of the
Aforesaid som Of Eve hundred thousand dol
lars7snd In the Judgment Of the Treasurer
the condition of the Treasury should require
iede shalnbe the 2daty Of the Treasurer, and
he is hereby authorised, to cause bonds Of
the State of Maryland, not exceeding the
amount of one hundred and twenty-five
thousand dollars in any one year, in denon-
nations of not more than five hundred dol
lars each, and bearing coupons for interest
paysble setni-annually at six per cent. inter-
ct, to be issued 10 the usual form, and pro-
poeals for the sale of the said bonds, made
bx advertisement, in such papers .ss he may
.6rc. Il. aAnd BE- It enacted, That for the
paidnent Of the interest and the redemption
Of the principal, of the said bonds when due,
there shall be levied upon The assessable
property Of the State, tax Of one cent on
the hiadsid dollars, 10 be- collected as Other
taxes now collected, and the proceeds Of
saidohx shAn be paid to the Treasurer of thu
Saets. and be BY him set apart for the pay
ussbtsof Tue Interest and for the redemption
d9tbet principal of said bonds, and he shall
invest the surplus Of receipts from the sale
tax, after paying interest as sinking fund
for III ss8embtion ofssaid bonds.>
SEC. 5. Asd be It enacted. That the sale
bonds shall Be redeemable 10 fifteen years
from the dAse 0fxhe issue of the said bonds
Approved March 80. 1865 ,.es..i
'S' THOMAS. SWAMI, AL
Governor,