Port Tobacco times, and Charles County advertiser. (Port Tobacco, Md.) 1845-1898, 1868-10-02

if2YyAAHSvA ACT y rTno
To aid ID gcopstruction Of works Of internal
Trnrovnr, enfa- IN 81 Marv,s Charles and

1Y,rYTAANSrAl C5T rvnn
To aid il icoustruection Of works 81 internal
Improvements 10 St. Mary's, Charles and
Calvert Counties IL S9E giss'7 siie s :
WHEREAs, BY Section thirty -four Of thy
third Article of the Constitution, authorize
is given 10 extend the aid Of the State In be-
half Of the construction.of works of internal
hsprOvements in the counties of St. Mary's,
Chasles land Calvert which said counties
have heretofore received no direct benefit
fon6 works. heretofore aided by the State
and whereas, II is deemed right and proper
thatssuch appropriation should be now Y made
SECTION L. Be Il. enacted By he General
assembly, of Maryland That the sum of
five hundred thousand dollars fbe and the
same is hereby appropriated and set apart
for theicoDstruction of works of Internal In
provement in the said counties respectively as
follows :gtoEC Charles County, the SUN ofsone
HUNDRED and seventy-fve thousand dollars !;
to St. Mary's County, tho sum of one hun
dred and slseyenty=t three stl1ousapd. dpllars /;
and to Calvert County, the sum of one hun
dcedand ftyrtMb THOUSAND sdoilars; and sas
soon as it shsll appear. to the Treasurer of
this State. by the affidavit of the Pres
ident Of. any railroad sccmpany, now
chartered or which may hereafter. be- char-
terad..sipy said. counties respectiyeIy,la that
doa9s tide subscriptions to- the. capital stock
of any such company. equal in amount to
the sum BY this Act authorized and directed
tpbs,giyen to such county, shall; actually
made either ,in, land or money, the Treasurer
Of this State shall be and1he is hereby aus
thorized and required, 10 the name and be-
lnlfsof the State, upon the Recommendation
6fthesC County Commissioners Of said county
making such application, to subscribe for So
many shares of the capital stock Of the COM
pany as shall amount to the sum which, by
this Aes, Eis distributed and applied to said
county, and the said Treasurer shall, out of
any unappropriated money 10 the Treasury,
pay the sinstaliments on each share Of the cap
itaL, stock of said compapyTorq companies,
for which he shall subscribe as aforesaid, on
thasswarrant of. the Comptroller, which the
lastsr officer is hereby directedtto issue as; the
said instaliments may be, called for. by: the
County commissioners of said county and
agreeable "a, the provisions Of the Act incor-
pofatihg said company. or companies; pro-.
yided, that the Treasurer shall not. at any
time pay Upon the States subscription to the
capital stock of any Of the said companies
areater amount than shall have actually been
anbscribsd and paid, as required. by this Act,
bylothet Subscribers to the capital stock Of
the ssid companies and, provided further,
that the said ffealurer shall MT pat more
than 'one4foufth ofathe whole amount appro-
priated under this Act IN any one year.
Sec. 2. Andybe itaeracted, That if the
whole Or any portion of the fund 4appfo-
priatsd by this Aotsshall not sbs demanded,
according to the provisions of this Act, by
any of the counties referred to, that then, and
10 that case, the aforesaid Eve hundred thou
sand dollars set apart and intended to be APP
piled to works Of Internal Improvements in
Said counties, shall be held sacred, and the
faith 81 the State pledged that the said
At1odut shalIsbe exclusively devoted e. works
of internal Improvements ID said counties,
Ind subject to the sdiposition. Of any future
legislation Of this State. - = :
SEC. 3.sADdbe. Il enacted, That when
demandsshali be made for any portion of the
afaressid sum Of five hundred thousand dol
lars, and in the Judgment offthe Treasurer
the condition of the Treasury should require
it, it shall be the duty of the Treasurer, and
hi lis hereby authorized, to cause bonds Of
the State Of Maryland, not exceeding the
aihoant. Of one hundred and twenty-five
thousand dollars in any one year, 10 denon-
nations of not more than five bundled dol
lafs each, and. bearing coupons for interest
payable semi-annually at six per cent. inter
est, to be issued in the usual form, and pro-
posals for the sale Of; the said bonds, made
BY advertisement, in such papers as he may
SefeSt kdS Z. EszsT n 8skg 80 E:sfss ssa
SEC. 4. And BE u enacted That for the
payment Of the interest and the redemption
of.thes principal, ofithe said bonds when due,
there shall be levied upon the assessable
PROPERTY Of the State, a tax Of one cent on
Tie hundred dollars, TO be collected as other
faxes are, now collected. .apd the proceeds Of
said Tax shall be paid to the Treasurer Of che
State, and be by him set apart for the pay
nea,t ofsthe interest and for, the redemption
e the principal Of said bonds, and, he shall
iAssss,tbe surplus Of receipts fromt the said
tax, after paying interest as d sinking fund
fos she redemption Of said .bendsso ~ pr
e SEC. 8. Ind be 1t enacted, That Che said
Binds shall be ,redeenaable in, fifteen years