ODEN BOWIE. ESQUIRE. GOVERNOR. 395
Sec. 19. And be it enacted, That the said Presi-
dent and Directors shall annually or semi-aunu-
ally, declare and make such dividends as they may
deem proper, of the net profits arising from the
resources of said Company, after deducting the
|
Dividends,
|
necessary current and probable contingent ex-
penses, and that they shall divide the same
amongst the proprietors of the stock of said Com-
pany, in proper proportions to their respective
shares.
|
Division.
|
Sec. 20. And be it enacted, That if any person
or persons shall wilfully, 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,
engines, cars, carriages, vehicles, or machines, of
said Company, such person or persons so offend-
ing shall each of them, for every such offence, for-
feit and pay to said Company the sum of five hun-
dred dollars, which may be recovered, in the name
of said Company, by an action of debt, instituted
in the Circuit Court for the county, wherein the
offence shall be committed, and shall also be sub-
|
Injure or
destroy.
|
ject to indictment in said Court, and upon convic-
tion of such offence shall be punished by a fine,
imprisonment, or both, in the discretion of the
Court.
|
Penalty.
|
Sec. 21. And be it enacted, That unless the said
railroad, hereby authorized, shall be commenced
within six years, and completed within nine years,
after the passage of this act, the privileges hereby
granted said Company, shall cease, except so far
as shall be necessary to wind up its affairs.
|
Limiting time
|
Sec. 22. And be it enacted, That this act shall
take effect from the date of its passage; and the
General Assembly hereby reserves the right to
|
In force.
|
alter, amend or repeal this Charter at its pleasure.
Approved April 7, 1870.
|
Amend.
|
|
![clear space](../../../images/clear.gif) |