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EDWARD LLOYD, ESQUIRE, GOVERNOR.
shall keep minutes of their transactions, fairly entered in a book,
and a quorum being formed, they shall have full power and authority
to appoint all such surveyors, engineers, superintendents,
and other officers, as they shall deem necessary to carry on their
intended works, and to fix their salaries and wages, and to draw
on the bank for all monies as shall have been so as aforesaid deposited
by the commissioners aforesaid, which draughts shall be signed
by the president, or in his absence, by a majority of a
quorum, and countersigned by the treasurer, and generally to do
all such other acts, matters and things, as by this act and the respective
by-laws, rules, orders and regulations, of the company,
they shall be authorised to do. |
NOV. 1809.
CHAP. 96. |
9. AND BE IT ENACTED, That after thirty days
public notice in
all the public papers aforesaid, of the time and place appointed for
the payment of any proportion of the said capital stock of the said
company, if any stockholder shall neglect to pay such proportion
at the time and place appointed, for the space of thirty days after
the time so appointed, every such stockholder, his, her or their assignee,
shall, in addition to the payment so called for, pay at the
rate of five per cent. per month for delay of such payment, and
if
the same, and the said additional penalty, shall remain unpaid for
such space of time as that the accumulated penalties shall become
equal to the sums before paid in part on account of such share or
shares, the same shall be forfeited to the said company, and may and
shall be sold and assigned by the president and managers of said
company to any person willing to purchase the same, for such price
as can be obtained for the same, and the purchaser or purchasers
aforesaid shall have all the benefit and advantage of such assignment
and purchase, as if he, she or they, had been an original
stockholder.
See December 1813, ch. 138. |
Stockholders delaying
payment after
time appointed
30 days, to pay five
per cent, per
month, &c. |
10. AND BE IT ENACTED, That the said road
may be made in, over
and upon, the bed of the present road, as laid out and used; Provided
always, that should it appear on a resurvey of any part of the
said road, by sworn surveyors, that a considerable saving in distance
or in expense, would arise to the company, that in all such
cases it shall be lawful to depart from the tract of the road so originally
laid down, and improve the shorter or less expensive route;
Provided also, that in all such deviations the road shall not be
diverted
or taken from any town or village through which it now passes,
nor shall it pass through the meadows, gardens, orchards or
grain fields, whilst the grain or crop is growing therein, without
the consent of the proprietor or proprietors thereof; And provided
also, that where the tract of the original road shall be departed
from, the president, managers and company, shall agree with the
owner or owners of the land through which the same shall pass, for
the purchase of the same, (if the owner shall require any compensation
therefor,) and in case of disagreement, or in case the owner
should be a feme covert, or non compos, or under age, or
out of the
state, in such case the compensation to the owner or owners aforesaid,
for the land aforesaid, shall be ascertained and paid in the
manner herein after provided for ascertaining and paying the value
of materials for making said road, before the direction of the said
road shall be altered or changed. |
Course of the road.
Provisos. |
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