Chap. 60.—An ACT authorizihg cities, towns and counties to borrow
money at arate of interest not exceeding ten per cent. per annum, for
the purpose of paying subscriptions of stock to internal improvement
companies.

Passed April 20, 1807.

1. Be it enacted by the gencral assembly, That it shall be
law@ul for any city, town. or county, which may have hereto-
fore or which may hereafter subscribe, under the laws of the
commonwealth, to the capital stock of any internal improve-
ment company, to borrow money at a rate of interest not
exceeding ten per centum per annum, for the purpose of pay-
ing such subscriptions of stock; and to issue their bonds,
coupon or registered, for such loans.

2. This act shall be in force from its passage.