| CHARLES RIDGELY, OF HAMPTON, ESQ. GOVERNOR.
9. AND BE IT ENACTED, That the state shall
always have the
right and privilege of subscribing one fourth part of the whole
stock in said company, and to pay for the same by the issue of
certificates of stock to the said corporation, bearing interest of
six
per centum per annum, redeemable at the pleasure of the state,
and for the redemption of which the interest of the state in said
corporation shall be and is hereby solemnly pledged, and no other
fund whatever, said stock to be issued on the terms and in the
manner hereafter to be prescribed by law; and the governor and
council are hereby authorised and empowered, in their discretion,
to subscribe at any time that subscription books for said stock may
be opened, in manner aforesaid, for the whole or such portion of
said one-fourth of said stock as they may deem advantageous and
beneficial for the state, but at no other time. |
1817.
CHAP. 70.
State to have the
right of subscribing
one-fourth of
stock. |
10. AND BE IT ENACTED, That said president
and directors
be and they are hereby authorised and empowered, to cut, dig, and
make a canal, from such point on Patapsco river above tide water,
as they may deem most advantageous, to the city of Baltimore,
and the said canal to connect with the tide water of Patapsco river,
in such manner and at such place or places as they may think
most advantageous, and to divert from their usual course the whole
or any part of the waters of the said river Patapsco, and of any
other river, creek or stream, which they may think suitable for
the purpose, on the said president and directors first obtaining the
consent of all persons having any right or interest in whole or in
part in such river, creek or stream, which they may think suitable for
the purpose, on the said president and directors first obtaining the
consent of all persons having any right or interest in whole or in
part in such river, creek or stream, from the point where the same
may be diverted to the place where they meet tide water, and also
the consent of the owners of the lands through which said canal
may pass; and the said president and directors shall have full power
and authority to make and dig such canal along, under and
across any public highway, or any street or streets, lane or lanes.
alley or alleys, of the county or city of Baltimore, for the purpose
of conveying and conducting said water, and for such purpose to
dig, break up and open, at their own expense, all or any part of
such highways, streets, lanes and alleys, leaving at all times a sufficient
passage way for carriages, horses and foot passengers, and
restoring forthwith all such highways, streets, lanes and alleys, to
a good, perfect, and easy passage for horses, carriages and foot
passages, by good substantial and sufficient bridges over and across
said canal where it may intersect, cross, or interfere with them. |
Canal to be cut. |
11. AND BE IT ENACTED, That said president
and directors be
and they are hereby authorised and empowered, to impose reasonable
tolls on all persons navigating or transporting any thing along
and upon said canal, to use the water of the said canal for the
purpose of erecting mills, manufactures, or machinery of any description,
or for any purpose whatever, not prejudicial to the rights
of the present Water Company of Baltimore, first however, always
obtaining the consent of all and every person interested in
the lands upon or through which any such mill, manufacture, machinery,
or communication with tide water, may be or pass, and
the privileges above granted in whole or in part to sell and dispose
of to any person or persons, bodies politic and corporate. |
Tolls may be imposed. |
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