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Proceedings and Acts of the General Assembly, March 30, 1868
Volume 142, Page 2688   View pdf image (33K)
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350

LAWS OF MARYLAND.

 

alteration of said road shall be the same as those
conferred upon the Baltimore and Ohio Railroad
Company by an Act of the General Assembly of
Maryland, entitled "An Act to Incorporate the
Baltimore and Ohio Railroad Company," passed
in the year eighteen hundred and twenty-six.

Obligations.

Sec. 13. And be it enacted, That the obligations
of said Company in reference to the providing of
proper roads and wagon ways shall be the same as
those imposed upon the Western Maryland Rail-
road Company, and the individuals injured shall
be entitled to the like remedy for the non-compli-
ance of said Company with such obligations.

Dividends.

Sec. 14. And be it enacted, That the said Presi-
dent and Directors may declare dividends of the
net profits at such times as they may deem best.

Destroy or
injure.

Sec. 15. And be it enacted, That any person who
may destroy, injure or impair any property of the
Company wilfully, or any person riding or driving
any vehicle on the said road, or leading or driving
any animal thereon, shall be liable to the same
penalties, and shall be proceeded against in the same
manner as if provided in reference to similar of-
fences as to the property and road of the Western
Maryland Railroad Company.

Bells.

Sec. 16. And be it enacted, That the said Com-
pany shall be subject to the same obligations in
reference to the providing and ringing of bells
upon its loco.motives, and to the same penalties for
neglect as are provided in reference to the Western
Maryland Railroad Company.

May borrow.

Sec. 17. And be it enacted, That the President
and Directors may borrow a sum not exceeding the
amount of two hundred thousand dollars, and se-
cure the same by mortgage upon all the road, ma-
chinery, rolling stock and other assets of the Com-
pany and its present and future net revenues, and
may make the same effective upon after acquired
property; or the said President and Directors may
issue the first mortgage bonds of said Company to
said amount, and may secure the payment thereof
by the execution of mortgage of the character
above mentioned, and they may sell or dispose of
the said bonds in such manner as they may deern
advisable.



 
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Proceedings and Acts of the General Assembly, March 30, 1868
Volume 142, Page 2688   View pdf image (33K)
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