Capital may
be increased,
&c.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Works, &c.
vested in the
proprietors,
&c.

    XIV.  And be it enacted, That if the said capital and said aids shall prove insufficient,
it shall and may be lawful for the said company, from time to time,
to increase the said capital, by the addition of so many more whole shares as
shall be judged necessary by the said proprietors, or a majority of them holding
at least one hundred shares, present at any general meeting of the said company;
and the said president and directors, or a majority of them, are hereby empowered
and required, after giving at least one month's previous notice in one of the
Baltimore and Easton papers, to open books in the before-mentioned places for
receiving and entering such additional subscriptions, in which the proprietors of
the said company, for the time being, shall and are hereby declared to have the
preference of all others for the first thirty days after the said books shall be opened
as aforesaid, of taking and subscribing for so many whole shares as any of them
shall choose; and the said president and directors are hereby required to observe
in all other respects the same rules therein, as are by this act prescribed for receiving
and adjusting the first subscriptions, and in like manner to return, under
the hands of any three or more of them, an exact list of such additional subscribers,
with the sums by them respectively subscribed, into the general court of
the eastern shore as aforesaid, to be there recorded, and all proprietors of such
additional shares shall and are hereby declared to be from thenceforward incorporated
into the said company.

    XV.  And be it enacted, That in consideration of the expences the said proprietors
shall be at in opening the said river, and improving and extending the
navigation thereof, and in keeping the works in repair, the said works and canals,
with all their profits, shall be and the same are hereby vested in the said proprietors,
their heirs and assigns, for ever, as tenants in common, in proportion
to their respective shares, and the same shall be deemed real estate, and be for
ever exempt from the payment of any tax, imposition or assessment whatsoever;
and that it shall and may be lawful for the said president and directors, at all times
for ever hereafter, to demand and receive, at such place or places on the said
river or canal as they shall hereafter adjudge and determine to be most convenient
for all merchandise and commodities conveyed throughout the whole extent of said
canal or river, according to the following table and rates, to wit:  Every pipe or
hogshead of wine containing more than sixty-five gallons, fifty cents; every
hogshead of rum, or other spirits or cyder, fifty cents; every hogshead of tobacco,
fifty cents; every cask between sixty-five and thirty-five gallons, one half
of a pipe or hogshead; barrels one fourth part, and smaller casks or kegs in proportion,
according to the quality and quantity of their contents of wine, cyder
or spirits; for every cask of linseed oil the same as spirits; every bushel of wheat,
peas, beans or flaxseed, two cents; every bushel of Indian corn, or other grain
or salt, one cent; every barrel of pork, twenty-five cents; every barrel of beef,
twenty-five cents; every barrel of flour, twenty-five cents; every ton of hemp,
flax, potash, bar or manufactured iron, twenty-five cents; every ton of pig iron
or castings, twenty-five cents; every ton of copper, lead, or other ore, other
than iron ore, fifty cents; every ton of stone, or iron ore, twelve and a half
cents; every hundred bushels of lime, twenty-five cents; every chaldron of coals,
twelve and a half cents; every hundred pipe staves, twenty cents; every hundred
hogsheads staves, or pipe or hogshead heading, twelve and a half cents;
every hundred barrel staves, or barrel heading, five cents; every hundred cubic
feet of plank or scantling, twenty-five cents; every hundred cubic feet of other
timber, twenty-five cents; every gross hundred weight of all other commodities
or packages, four cents; every cord of wood, three cents; every thousand three
feet shingles, three cents; every thousand of every other kind of shingles, three
cents; and every empty boat or vessel which has not commodities on board to
yield so much, except an empty boat or vessel returning, whose load has already
paid the toll aforesaid, in which case she is to repass toll free, fifty cents; and
that the said rates, under the limitations aforesaid, shall be collected at such
places and in such proportions, at the said respective places, as the president and