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William Kilty et. al., (eds).The Laws of Maryland from the End of the Year 1799,...
Volume 192, Page 2150   View pdf image (33K)
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    1817.

CHAP. 150.

Assessments heretofore
made declared
an augmentation
of stock.

                                LAWS OF MARYLAND.

    6.  AND BE IT ENACTED, That all assessments heretofore made
by the present corporation, or by their authority, on individual stockholders,
and collected, and all loans made by individual stockholders
to the corporation, which assessments and loans have been by
subsequent resolutions of the said corporation directed to be carried
to the amount of stock and shares of such individual stockholders
respectively, as an augmentation of stock or interest, shall be,
and hereby are declared to be, augmentation of stock or interest in
the said individual stockholders respectively, and as such shall be
considered in the dividend to be made of any surplus monies arising
from the sale authorised by this act, but shall not be considered
as debts due from the corporation, to be paid out of the proceeds
of such sale or otherwise.

Amount of debts
to be ascertained,
&c.
    7.  AND BE IT ENACTED, That the governor and directors of the
Susquehanna Canal aforesaid, shall be and they hereby are authorised
and empowered, to ascertain the amount of debts due from the
company, and of all such sums as may in their judgment be necessary
for completing, carrying on, repairing or improving, the said canal,
and from time to time to assess all such sums on the members
of the corporation, in proportion to their several sums and interest,
and to appoint such times and places of payment as may in their
opinion be necessary and proper; and if any stockholder in the
said corporation, after two months notice of any such assessment,
and of the time and place of payment, to be published in any two
newspapers of the city of Baltimore, or served personally on him
or her, or his or her agent or representative, or left at their usual
place of abode, shall refuse or neglect to pay such assessment at
the time and place so to be fixed, the share or shares of such delinquent
stockholder, or so much thereof as may be necessary for paying
such assessment, with all costs and charges increased by reason
of such refusal or neglect, shall be and hereby is forfeited to the
use of the said corporation, and may be sold and transferred by it
for the purpose of raising the sum so due.
Arks, left at head
of canal may be
passed down, &c.
    8.  AND BE IT ENACTED, That whenever any ark, raft or boat,
shall arrive within the range of the wing-dam at the head of said
canal, and south of the rock called the Wild Cat Rock, and shall
be left there by the persons having charge thereof, or shall not be
removed by the said persons, when thereto required by the agent of
the company, so as to leave the passage into the canal free and
open, the governor and directors of the canal, or their agents duly
authorised, shall be and hereby are empowered, to cause every
such ark, raft or boat, to be taken into the canal, and passed down
the same, to the place or places provided or to be provided for the
safe keeping of arks, rafts and boats, and to act with respect to
all such arks, rafts and boats, in the same manner, and to collect
and receive the same tolls thereon, as if they had been brought into
and passed down the said canal, to the said place or places, by
their owners respectively, or the persons having the care thereof.
                                            _____

Passed Feb. 10, 1818.
                                        CHAP. CLI.
An Act to Incorporate the Havre-de-Grace Ferry Company.  Lib.
                                    TH. No. 6, fol. 75.
Subscribers incorporated
—style—
effect in law.
    1.  BE IT ENACTED, by the General Assembly of Maryland, That 
John H. Barney, William R. Brooke, George Bartoe, Joseph
Brownley, Thomas T. Bond, William Coale, Cyrus Courtney,


 
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William Kilty et. al., (eds).The Laws of Maryland from the End of the Year 1799,...
Volume 192, Page 2150   View pdf image (33K)   << PREVIOUS  NEXT >>


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