| 1808.
CHAP. 111.
Amount of each
share of stock to
be paid by instalments,
&c. |
LAWS OF MARYLAND.
9. AND BE IT ENACTED, That the amount of each
share of said
stock shall be paid to the president and directors for the time
being by instalments, not exceeding ten dollars, at such times as
they shall appoint, of which required payments two months public
notice shall be by them given in one or more news-papers, specifying
the time and place at which such payments are to be made; and
in case any instalment shall not be paid at the time appointed, or
within thirty days thereafter, the same may be recovered, in the
name of the company, in the like manner as debts of equal amount
are recoverable, or the share or shares of the persons or in default,
with the previous payments made thereof, may be declared forfeited
to the company, at the discretion of the president and directors;
and in case proceedings at law shall be adopted for the recovering
of any instalment, extracts from the list of stockholders in said
company, signed by the president, and attested under the corporate
seal, shall be considered prima facie evidence of the ownership
of
the shares set forth in such extracts. |
After site is fixed
upon, president &
directors to cause
a survey of the
same to be made. |
10. AND BE IT ENACTED, That the said president
and directors
shall, as soon as may be after their appointment, and after the site
for the said bridge or bridges shall have been fixed upon by the commissioners,
proceed to the river Susquehanna at the said point so
fixed upon, and shall cause a survey to be made of said site, as also
of as much fast land on each side of said river, contiguous to the
two landing places, for said bridge, not exceeding four acres on
each side, as will be sufficient for extending the abutments of said
bridge upon the high grounds, including within the said survey so
much of any fast land or islands as may be necessary to serve as a
road, not exceeding sixty-six feet wide, to connect the said bridges
so passing over the said river, and when the said survey is so made,
the president and directors may receive deeds of gifts of the grounds
so surveyed, if the proprietors be inclined to make donations, and
if not, and a price cannot be agreed upon by the parties, or if the
proprietors be minors, femes-covert or insane, a jury of disinterested
freeholders may be summoned, at the instance of either party,
by the sheriff of the county where the land lies, to view the said
grounds, and upon oath, or affirmation, to value the same, of the
meeting of which jury ten days notice at least shall be given to the
opposite party, and so proved to the satisfaction of the jury, before
they proceed to such valuation, and the same, when made as aforesaid,
shall be final. |
Survey and proceedings
thereon
to be recorded in
Cecil and Harford
counties.
Proviso. |
11. AND BE IT ENACTED, That when the said
survey and valuation
is made as aforesaid, and the proprietors paid for the property,
or a tender made of the value so ascertained, the said survey, with
all the proceedings thereon, shall, within six months after its completion,
be recorded both in Cecil and Harford county court offices,
and remain as perpetual testimony of a fee-simple title in the president
and directors aforesaid, and their successors, of the property
mentioned in said survey, to and for the use and benefit of the
stockholders in said company, as tenants in common, in proportion
to their respective shares of said stock; and the said president and
directors, and their successors, shall be and are hereby accordingly
vested, (for the uses aforesaid,) with an estate in fee-simple in the
property to be included within such survey, or to be acquired by contract
and deeds in pursuance of this act; Provided nevertheless, that |
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