CHAPTER 16.
AN ACT to authorize and empower the County
Commissioners for Carroll county to subscribe to
the capital stock of Turnpike Companies in Car-
roll county.
SECTION 1. Be it enacted by the General Assembly] of
Maryland, That the County Commissioners for Carroll county be and they are hereby authorized and
empowered to subscribe to the capital stock of any
'Turnpike Company, already organized or hereafter
to be) organized in said comity, in the name and for
the benefit of said county, a sum or sums of money
not to exceed in any case four hundred dollars for
each mile of road that may be made in said county,
and a sum or sums of money not to exceed four hun-
dred dollars for each mile of turnpike made and
completed by any company hereafter to bo organized.
SEC. '2. And, be, it enacted. That the County Com-
missioners for said county are hereby authorized and
empowered to issue the bonds of said county, or certificates of indebtedness to the amount of stock so sub-
scribed, and negotiate said bonds or certificates of
indebtedness upon the most favorable terms; prodded,
they shall not be sold less than par, and the said County
Commissioners are authorized to levy upon the
assessable property of the county an amount sufficient
to pay the annual interest upon said bonds, and the
principal at maturity.
SEC. 3. And be it enacted, That the commissioners
of said county shall be entitled to be represented in
all meetings of stockholders, and shall vote in all
elections of directors in all of said companies, in
proportion to the stock held by them in said com-
panies respectively.
SEC. 4. And be it enacted, That in accordance with
the provisions of article three, section fifty-four of
the Constitution of Maryland, this-Act shall be pub-
lished for two months next before the next election
for members of the House of Delegates, in the news-
papers published in said county, and shall also be
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To subscnbe
to stock
Amount per
mile.
To issue
bonds.
Proviso.
To levy tax.
To be repre-
sented.
To vote.
Publication.
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