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JOHN H. STONE, Esquire, Governor.
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1796. |
" establish a turnpike road from the city of Washington to Baltimore-town,
I
" do further swear, or affirm, that I am not invested in any lands through
" which the said road is likely to pass." |
CHAP.
LXIX. |
VII. And be
it enacted, That the commissioners
aforesaid, after they shall
have laid out and marked the said
road are hereby directed to return the courses,
bounds and plot thereof, to the clerk of Baltimore county court, and a
duplicate
thereof to the clerk for recording
of deeds in the territory of Columbia, and to
the clerks of Prince-George's and Anne-Arundel county courts, to be by
them
recorded at the expence of the said body corporate; and the said road,
so laid
out and returned as aforesaid, shall be for ever thereafter taken, held
and adjudged,
a public road and common highway. |
Courses, &c.
to be returned,
&c. |
VIII. And be
it enacted, That the said president
and directors, and their successors,
or a majority of them assembled, shall have full power and authority,
from time to time, to agree with and employ any person or persons on behalf
of
said company to grub, stone, clear and make, said road sixty-six feet in
breadth,
in the manner hereafter directed, and to do all other things for the completion
of
said road in the manner required by this act; and that the president and
directors
may establish rules and regulations for conducting the business of the
corporation,
and appoint the various officers
and labourers, and pay all expences, which they
may find necessary. |
President, &c.
may agree
with persons,
&c. |
IX. And be it
enacted, That the sums so subscribed
before the said directors
shall be appointed, shall be paid to the directors as follows, to wit:
One fourth thereof at the end of one month after the election of the directors,
one fourth at the end of one year after the election of the directors,
one fourth
at the end of eighteen months after the election of the directors, and
the residue
at the end of two years after the election of the directors; and that all
subscriptions
which shall be so made, after the election of such directors, shall be
paid
in such manner, and in such proportions,
as the said directors shall from time to
time order and direct; provided nevertheless, that the directors for the
time being
may, in their discretion, suspend, or totally release, the payments of
any
part of the said subscriptions made before or after the election of directors,
as
they may find expedient; and if any subscriber shall fail in making payment
as
aforesaid within sixty days after the time limitted therefor, he shall
be liable to
forfeit, if the possessor of one share, the said share so subscribed, as
also all
monies paid on account thereof; if the subscriber so failing shall be the
holder of
more than one share, he shall be entitled to retain and hold as many shares
as
the sums of money by him advanced will pay for, the remaining shares, as
also
the surplus of money advanced, if insufficient to pay for an additional
share, shall
be liable to forfeiture, if the
said president and directors shall choose to declare
the same forfeited, and in such case it shall and may be lawful for the
said president
and directors shall elect, instead of the forfeiture aforesaid, to proceed
against such subscriber or proprietor in order to compel such payment,
it shall
and may be lawful for the said president and directors, in the name of
the said
corporation, to prosecute an action of law against such person, either
in the general
court , or the county court of the county where such person shall reside,
and if a copy of the declaration in such case be served with the writ ten
days before
the court to which such writ shall be returnable, the said court shall
proceed
to trial and judgment at the first term; and any purchaser or purchasers
of any
forfeited shares, shall, in case
of non-compliance with his or their contract, or
failure to make any future payments that may accrue upon such purchased
share
after the time of such purchase, be liable, in the election of the said
president,
and directors, to forfeiture, or to such summary proceedings as aforesaid,
in the
same manner as any original subscriber or proprietor. |
Sums subscribed
to be
paid to the
directors, &c. |
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