Saint Mary's beacon. [volume] (Leonard Town, Md.) 1867-1983, 1868-09-17
LAWS OF MARYLAND.
Passed Jsnusry Session, 1853.
PUBLIC LOCAL-[OErIefAL.>


Internal improvements in ST. Ma
rvs, Charles and Calvert Counties.
WHEREAS, By Section thirty-four sf
the third Article Of the Constitution. All
thori,y is given to extend the aid Of the
State In behalf Of the construction of works
OF Internal improvements in the Counties
Of ST. Mary's. Charles and Calvert, which
>aid Counties have heretofore received no
diroct benefit from works heretofore aided
By the State and whereas it is deemed
right and proper that such appropriation
should be now made /; therefore,
Section /. Be it enacted BY the Gener-
al Assembly Of Marylsnd. That the SUM
ut five hunirt} thousand dollars be and
the same is hereby appropriated and SO.
apart for the construction OF works Of In
ternsl Improvement in the said counties
respectively As follows to Charles Couu-
", the sum OF one hundred and seventy
tivo thousand dollars; TO ST. Mary's Coun-
IL, the sum Of one hundred and seventy
three thousand dollars and to Calvert
County, the sum Of one hundred and If
ty-two THOUSAND dollars ! and as soon as
i shall sppsar to the Treasurer OF this
State, by the affidavit Of the President Of
any railroad compony. now chartered, o.
which may hereafter be chartered in said
counties respectively, that bona nie sub
seriptlons 10 the capital stock Of any such
company, equal IN amount 10 the sum BY
5 Act authorized and directed TO be si
v>n e such county, shall be actually made
e4thc. in land or money. the Treasurer Of
this State shall be and he is hereby au-
thorizrd and required, IN the name and
behalf Of the State. upon the recommen-
ton of the County Commissioners of
saii county making such application, to
subscribe for SO many shares of the capt.
tal stock Of the company as shall amount
TO the sum which. BY this Act. is 1istri-
buted and applied % saia county; and the
SAID treasure shall, out Of any unappro-
priatcd money IN the Treasury. pay the
lu,tlllments on each share Of the capital
stock q SAD company or companies, for
wuIch he shall subscribe ss aforesaid. on
the Warrant Of the Comptroller. which tho
latter officer is hereby directed TO issue,
4s the SAID instruments may be called for
by the County Commissioners of said
county and ayr cable to the provisions Of
the Act Incorporating said company or
compani- provided. that the Treasurer
shah not AT any umc pay upon the States
subscription t. the capital stock of any of
the sad companies 4 greater amount than
shall have actually been subscribed aud
paid, As required BY this Act, by other
subscribers to the capital stock of the said
! 4 ~
the said Treasurer shall not pay more
than onc-.ourth Of the whole amount APP
proprlated under this Act IN any one
year.
Sec , And BE- it enacted, That if tho
whole OF any portion OF the fund appro-
pralcd by TINS Act shall not be dtmau-
icd, atcoralng = tho provisions of this
Act. by any Of the counties referred to.
that then, and in that case, the aforesaid
FIVE hundred thousand dollars set apart
tor and intended TO be applied to works of
In,v.nal Improvements IN said counties.
shall be helu sacred, and the faith of the
State pledged that the SAID amount shall
be exclusively devoted to works of Inter-
nal improvements in said counties. and
subject 10 the disposition of any future
legislation oil TINS State.
Soc. 5. And be it enacted, That when
demand shall be made for any portion
Of the aforesaid sum OF five hundred thou
sand dollars and IL the Judgment of the
Treasurer the condition of the Treasury
should require it, 1t shall be the duty of
the Treasurer, and he is hereby author
lied to cause bonds of the State of Mary
land not xcceding the amount of one
hundred and twenty five thousand dollars
in any one year, III denominations of not
less than five hundred dollars each, and
bearing coupons for interest payable scmi
annually At SIX per cent. interest, to be
issued in the usual form, and proposals
for The sale of the said bonds, made by
advertisement, in such papers as he may
| select.
See. 1 And be it enacted. That for the
pavmcnt of the interest and the rcdcnp-
! ton Of the principal Of the said bonds
when due, there shall be levied upon the
as<essablc property of the State, tax of
one cent on the hundred dollars, to be
/ collected as other taxes are now collected,
and the proceeds OF sad tax shall be paid
to h. Treasurer OF the State, and be by
! him set apart for the payment Of the in-
rercst and for tie redemption of the prin-
cipal of said bonds. and be shall invest
the surplus Of receipts from the said tax.
after paying interest as sinking fund Tor
the redemption Of said bonds.
See. s. And be it enacted. That the
said bonds shall be re1e2uable in fifteen
vears from the date Of the issue ofshe said