| CHARLES RIDGELY, OF HAMPTON, ESQ. GOVERNOR.
amount of their capital expended in the prosecution of the said
works, and of the income and profits arising from the said tolls,
for and during the said respective periods, together with an exact
account of the costs and charges of keeping the said roads in repair,
and all other contingent costs and charges, so that the clear
annual income and profits thereof may be ascertained and known;
and if at the end of two years after either of the said roads shall
be completed from the beginning to the end thereof, it shall appear
from the average profits of the said two years, that the clear income
and profits will not bear a dividend of ten per centum per
annum on the capital stock of the said company so expended,
then
it shall and may be lawful to and for the said president, managers
and company, to increase the tolls herein before allowed, so much
upon each and every allowance thereof, as will raise the dividends
up to ten per centum; and at the end of the three years thereafter
the said companies shall on the oath or affirmation of the persons
respectively employed to keep the accounts of the said companies,
render such like statements to the general assembly; and if at the
end of any such triennial period there shall be a surplus of tolls
over and above satisfying the aforesaid ten per centum, upon all
or
either of the said roads, the said court of inspection shall have
power, and is hereby authorised to receive such surplus, and to
employ the same in purchasing out the stock of the said roads respectively. |
1817.
CHAP. 97. |
26. AND BE IT ENACTED, That the general assembly
of Maryland
may at any period after all or either of the said roads shall
have been completed, one year's notice being given to the stockholders,
pay all or either of the said companies the amount of the
costs of the said road or roads, with such an interest thereon as
shall make it equal with the tolls received to ten per centum from
the investments of their monies, and that thenceforwards the tolls
shall be subject to the regulation of the legislature. |
Assembly may
purchase road. |
27. AND BE IT ENACTED, That the said companies
shall cause
posts to be erected at the intersection of every public road falling
into and leading out of the said turnpike roads, with a board and
index hand pointing to the direction of such roads, on both sides
whereof shall be inscribed in legible characters the name of the
town, village or place, to which such road leads, and the distance
thereof in computed miles; and the said companies shall cause mile
stones to be placed at the side of the said roads, beginning at the
distance of one mile from the bounds of Rockville, and extending
thence to the termination of the said respective roads, whereon
shall be marked in plain legible characters the number of miles
which each stone is distant from Rockville aforesaid; and at every
gate or turnpike by them to be fixed on the said roads, shall cause
the distance from Rockville aforesaid, and the distance from the
nearest gate or turnpike in each direction, to be marked in legible
characters, designating the number of miles and fractions of a
mile on the said gates, or some other conspicuous place, for the information
of travellers and others using the said roads; and if any
person shall willingly destroy the said posts, boards, index hands,
or mile-stones, or deface the same, or deface the directions made on
the said gates or other conspicuous places as aforesaid, or shall
without permission of the acting superintendant of the said road, |
Index hands—
mile-stones—penalty
for defacing
them. |
|
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