| 1804. |
LAWS OF MARYLAND.
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 said 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 per annum; and at the end of every three
years thereafter the said companies shall, on the oath or affirmation
of the persons respectively employed to keep the accounts
of the said company or 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. |
Tolls to be subject
to regulation of
legislature on
their paying cost
of roads, &c. |
30. AND BE IT ENACTED, That the general assembly
of Maryland
may, at any period after all or either of the 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 cost of
the road or roads of such company or companies, 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 thenceforward
the tolls shall be subject to the regulation of the legislature. |
Posts, boards and
index hands to be
erected—penalty
for destroying the
same. |
31. AND BE IT ENACTED, That the said companies
shall cause posts
to be erected and continued 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 said 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 road or
roads, beginning at the distance of one mile from the bounds of the
city of Baltimore, and extending thence to the termination of each
or either of the said respective roads, whereon shall be marked, in
plain legible characters, the respective number of miles which each
stone is distant from the city of Baltimore aforesaid; and at every
gate or turnpike by them to be fixed on the said road, shall cause
the distance from Baltimore, and the distance from the nearest
gates or turnpikes 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 road; and if any
person shall wilfully 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 superintendent of the said road, |
|
 |
