| 1804.
CHAP. 63. |
LAWS OF MARYLAND.
said president and directors shall not be authorised to call on the
stockholders for a greater sum than five dollars on each share at
any one time, nor until they shall have given at least four weeks
public notice thereof as aforesaid. |
Penalty for neglecting
payment
of stock. |
9. AND BE IT ENACTED, That if any stockholder,
after four
weeks notice as aforesaid of the time and place appointed for the
payment of any portion or dividend of the said capital stock, shall
neglect to pay such proportion at the time so appointed, and for the
space of forty days thereafter, every such stockholder, or his assignee,
shall, in addition to the dividend so called for, pay at the rate
of three per centum per month for every delay of such payment, and
if the same, and the said additional penalties, shall remain unpaid
for such space of time that the accumulated penalties shall become
equal tot he sums before paid on account of such share or shares,
the same shall be forfeited to the company, and shall be sold by
them to any other person or persons willing to purchase the same,
for the best price that can be obtained therefor. |
Accounts of monies
to be kept. |
10. AND BE IT ENACTED, That the president
and directors of
the said company shall keep fair and just accounts of all monies received
by them from the commissioners, and from the subscribers
to the said undertaking, and of all penalties for delay in the payment
thereof, and of the amount of the profits on shares that may
be forfeited, and generally of all monies received by them for the
purpose of erecting the said bridge, and also of all monies by them
expended in the prosecution of the said work, and shall, at least
once in every year, submit such accounts to a general meeting of
the stockholders, until the said bridge be completed, and until all
the costs, charges and expenses, for erecting the same, shall be fully
paid and discharged, and the aggregate amount of all such expenses
shall be liquidated and ascertained; and if, after the said
bridge is completed, it shall be found that more monies shall remain
in the hands of the treasurer than is necessary for the payment of
all charges and expenses incurred in and about erecting the said
bridge, the surplus shall be returned as part of the dividend due
and payable to the stockholders respectively. |
Manner in which
bridge shall be
built. |
11. AND BE IT ENACTED, That the said bridge
shall be built in
the most secure and substantial manner, and shall be secured and
supported at each end by good and sufficient abutments, or piers,
and shall be not less than twenty feet wide, with railing on each
side thereof, with a footway on one side, at least three feet wide,
railed off, for the convenient passage of foot passengers, and there
shall be a draw in the said bridge at the deepest part of the channel,
so as to afford a convenient passage to vessels up and down
the said river, of at least twenty feet wide; and the president and
directors for the time being shall keep a sufficient number of hands
at all time ready for the purpose of raising the said draw, in order
to admit vessels to pass through without delay or interruption, for
which no reward shall be demanded or received, and in case of any
neglect, the said president and directors may be indicted and fined
in Kent or Queen-Anne's county courts, as for a common nuisance. |
Bridge vested in
company. |
12. AND BE IT ENACTED, That for and in consideration
of the
great risk and expenses to be incurred by said company, not only
for building the said bridge, but for keeping the same in continual
repair, the said bridge, when built and completed according to the |
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