|
for tolls of persons or property as the Philadel-
phia, Wilmington and Baltimore Railroad is now
entitled to charge. |
Dividends to
be declared. |
Sec. 19. And be it enacted, That the said Presi-
dent and Directors shall annually or semi-annual-
ly declare and make such dividends as they may
deem proper, of the net profits arising from the
resources of the said company, afterdeducting the
necessary current and probable contingent ex-
penses; and they shall divide the same amongst
the stockholders of the said company in propor-
tion to their respective shares. |
Authority to
form a union. |
Sec. 20. And be it enacted. That the President
and Directors of the said company are hereby au-
thorized and empowered to form a union with such
company or companies as are or may be incorpor-
ated in the State of Delaware for the purpose of
constructing a Railroad in said State to unite with
the Railroad provided for in this Act, so that the
capital stock of the said companies respectively shall
constitute one company and be entitled to all the
rights, privileges and immunities which each of
them possess, have and enjoy under and by virtue
of their respective charters, or this company may
contract with such company or companies on any
other terms for the conveyance and transportation
of passengers or freight, or with any individual |
Proviso. |
whatsoever, provided, that such contract bo not
prohibited by the laws of Maryland or Delaware. |
Copy of agree-
ment to be re-
ceived. |
Sec. 21. And be it enacted, That a copy of said
agreement of union to be formed, shall within
four months from the date thereof, authenticated
by the seals of the corporations, and the signa-
tures of their respective Presidents, be deposited
and recorded among the land records of Cecil
county. |
Penalty fur
injuring works
Ac. |
Sec. 22. And be it enacted. That if any person
or persons shall willfully, by any means whatso-
ever, injure, impair or destroy any part of any
Railroad constructed by said company under this
Act, or any of the necessary works, buildings,
carriages, vehicles or machinery of said company,
such person or persons so offending shall each of
them for every such offence forfeit and pay to said
company, the actual damages sustained which may |
