THOMAS SWANN, ESQUIRE, GOVERNOR. 407
twenty shares; and one vote for every five shares
over and above the twenty shares which he or she
may hold, and the said company shall at a conve-
nient place, cause books to be opened for subscrip-
tion to the capital stock thereof, after advertising
for at least twenty days, the time and place of
opening said books, said books to be kept open for
at least ten days, and if upon closing said books,
there shall be found to have been subscribed more
than three hundred and twenty shares, the said
corporators shall reduce the subscriptions pro
rata to three hundred shares, and may make such
rules for the government and management thereof
as the majority of said company may think pro- |
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per; provided the same be not contrary to the pro-
visions of this Act, or to the laws of the State, or
of the United States; and provided also, that if
upon application of any one, the Circuit Court of
Baltimore City or Baltimore County shall decide
that said bridge is out of repair and unsafe in
crossing the same, that toll shall not be demanded
until the said bridge shall be repaired. |
Provisos.
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Sec. 5. And be it enacted, That the company
shall cause to be kept an accurate record of the
cost of constructing said bridge, and that the City
and County of Baltimore, or either of them, may
at any time refund to the company the cost of said
bridge, and make the same a free bridge without
charge for passing; or any number of persons by
subscription or otherwise, shall enjoy the same
right of refunding to the company the cost of said
bridge as fully as that granted to the city and
county aforesaid. |
How to be
made a tree
bridge. |
Sec. 6. And be it enacted, That should the city
or county, or others set Forth in section fifth fail
to refund the cost of said bridge within one year
after the completion of the same, then the com-
pany shall cause to be set aside all profits over
and above nine per cent. per annum, which sum
it may be lawful to declare as dividend to the
stockholders, and said profits shall constitute a
sinking fund to be applied to the liquidation of the
cost of said bridge, and when the company shall
thereby be repaid for the construction of said
bridge, it shall then no longer be lawful to de-
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Sinking fund. |
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