Report From the President And Directors of the Chesapeake And Ohio Canal Company 1849
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4lh. That in making the loan, no condition is to be aitached, by which any part of the money obtained by it. or any portion of the revenues of the company are to be used for any purpose which will diminish the amount which the Slate ought to receive under her lien.
[L] 16 5th. That the president and directors of the Chesapeake and Ohio Canal Company have no right to pay or stipulate to pay, any money as a condition of obtaining f=aid loan, on tlie guaran- tee of the Slate of Virginia, whereby t...he rightful payments to the State of Maryland will be in any degree deferred or diminished.
6ih. That the canal, its lands and all the water rights there- unto appertaining^ under the acts of 1834, ch. 241, and 1844, ch. 281, are mortgaged to the State of Maryland ; and the presi- dent and directors of the company can therefore make no contract or bargain in relation thereto, or grant any privilege in the same as a condition of the said loan or guarantee.
The third question relates to the right of the president and directors to reduce the tolls on the canal since the act of 1844.
What to read after Report From the President And Directors of the Chesapeake And Ohio Canal Company 1849?
You can find similar books in the "Read Also" column, or choose other free books by Chesapeake And Ohio Canal Company to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
4lh. That in making the loan, no condition is to be aitached, by which any part of the money obtained by it. or any portion of the revenues of the company are to be used for any purpose which will diminish the amount which the Slate ought to receive under her lien.
[L] 16 5th. That the president and directors of the Chesapeake and Ohio Canal Company have no right to pay or stipulate to pay, any money as a condition of obtaining f=aid loan, on tlie guaran- tee of the Slate of Virginia, whereby t...he rightful payments to the State of Maryland will be in any degree deferred or diminished.
6ih. That the canal, its lands and all the water rights there- unto appertaining^ under the acts of 1834, ch. 241, and 1844, ch. 281, are mortgaged to the State of Maryland ; and the presi- dent and directors of the company can therefore make no contract or bargain in relation thereto, or grant any privilege in the same as a condition of the said loan or guarantee.
The third question relates to the right of the president and directors to reduce the tolls on the canal since the act of 1844.
What to read after Report From the President And Directors of the Chesapeake And Ohio Canal Company 1849?
You can find similar books in the "Read Also" column, or choose other free books by Chesapeake And Ohio Canal Company to read onlineMoreLess
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