| 1805. |
LAWS OF MARYLAND.
shewing the whole amount of their capital expended in the
prosecution of the said work, and of the income and profits arising
from the said tolls, for and during the said respective period, together
with an exact account of the costs and charges of keeping
the said road 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 the said
road 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
three years thereafter, the said company shall, on the oath or affirmation
of the persons respectively employed to keep the accounts
of the said company, 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 the said road, 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 road. |
General assembly
may purchase
road of stockholders. |
24. AND BE IT ENACTED, That the general assembly
of Maryland
may, at any period after the said road shall have been completed,
one year's notice being given to the stockholders, pay the
said company the amount of the costs of the said road, 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. |
Guide posts to be
erected at the intersection
of roads
and mile stones to
be placed at the
side of the road,
&c. |
25. AND BE IT ENACTED, That the said company
shall cause
posts to be erected and continued at the intersection of every public
road falling into and leading out of the said turnpike road, with
a board and index hand pointing to the direction of such road, 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 company shall
cause milestones to be placed at the side of the said road, beginning
at the distance of one mile from the bounds od the district of
Columbia, and extending thence to the termination of the said
road, whereon shall be marked, in plain legible characters,
the number of miles which each stone is distant from the district
of Columbia aforesaid; and extending thence to the termination
of the said road, whereon shall be marked, in plain legible
characters, the number of miles which each stone is distant from
the district of Columbia aforesaid; and at every gate or turnpike
by them to be fixed on the said road, shall cause the distance
from the line of the district of Columbia, 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 road; and if any person
shall wilfully destroy the said posts, board, index hands or mile-stone, |
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