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Proceedings and Acts of the General Assembly, 1867
Volume 133, Page 3846   View pdf image (33K)
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14

the name of the State, and if such penalty shall be for a sum
not exceeding one hundred dollars, then such suit may be
brought before a justice of the peace, and may be commenced
by serving a summons on any director, agent, or engineer of
the company.

Dividends.

SEC. 17. And be it enacted, That the said board of Direc-
tors shall once in each year, or semi-annually declare and
make such dividend, as they may deem proper of the net pro-
fits arising, from the resources of the said company, first deduct-
ing the current and probable contingent expenses, and shall
apportion the same among the stockholders of said company
in proportion to their respective shares.

Forfeiture for Injuring Road.

SEC, 18. And be it enacted, That in case any person shall
wilfully obstruct, injure, impair or destroy any part of said
road or any of the works, buildings, carriages, vehicles, en-
gines or machines of said company, he, she or they, for every
such offence, shall forfeit and pay to said company, or their
authorized agent or attorney, not less than fifty dollars,
which may be recovered in the name of the said company by
an action of debt in the circuit court of the county wherein
said offence shall be committed, and shall also be subject to
indictment in said court, and upon conviction of such offence,
shall be punished by fine and imprisonment in the discretion
of the court.

When to be Commenced and Finished.

SEC. 19. And be it enacted, That if the said road shall not
be commenced within six years from the passage of this act,
and shall not be finished in four years from the time of the
commencement thereof, then this act shall be null and void.

Banking Forbid.

SEC. 20. And be it enacted, That nothing in this act shall
be so construed as to authorize the said corporation to issue
any note, scrip, device or other evidences of debt, to be used
as currency; and the Legislature hereby reserves the right to
alter or amend, or repeal this charter at its pleasure.

Power to Issue Bonds.

SEC. 21. And be it enacted, That the President and Direc-
tors of said company shall have power to issue bonds or cer-
tificates of indebtedness under the seal of said company, in
such sum or sums, not less than one hundred dollars, as said
company may prefer, and to sell and dispose of the same upon
such terms as to said company may seem proper, and pledge

 

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Proceedings and Acts of the General Assembly, 1867
Volume 133, Page 3846   View pdf image (33K)
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