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EDWARD LLOYD, ESQUIRE, GOVERNOR.
17. AND BE IT ENACTED, That the treasurer of
the western
shore be, and he is hereby constituted, a court of inspection; and
it shall and may be the duty of the said company, once every year,
(and oftener if required by the court,) to lay before the same a
correct and methodical account of their disbursements and expenditures,
and of the amount of tolls collected and received on the said
road for and during the twelve months preceding, and whenever
the tolls shall, during two following years, exceed ten per centum,
free of all charges on the institution, the said court shall, at their
discretion, hold the excess thus arising above the said ten per
centum
in reserve, to meet any future deficiency, or, if in their judgment,
a continuance of the then tolls would produce a like annual
excess, to lower the tolls, or any of them, so as to bring the aggregate
on the said road to ten per centum per annum, and the said
court may, in their discretion, on the representation of the aforesaid
company, revise the tolls herein established, so as to render
them in their operation more favourable to the commerce and industry
of the citizens. |
NOV. 1809.
CHAP. 96.
Treasurer to be a
court of inspection,
&c. |
18. AND BE IT ENACTED, That the stockholders
of the present
company shall be entitled to receive ten per centum per annum, and
no more, over and above all charges and deductions whatsoever;
and the president and managers of the said company shall keep a
just and true account of all and every the monies received by their
several and respective collectors of tolls at the several and respective
gates and turnpikes of the said road, from the beginning to
the end thereof, which account shall be upon oath or affirmation,
as the case may be, and shall make a dividend of the clear profits
and income thereof, not exceeding ten per centum in any year,
among all the stockholders of every description, and shall, on the
first Monday in May and November in every year, publish the half
yearly dividend made on the said clear profits as aforesaid, and of
the time and place when and where the same will be paid, and shall
cause the same to be paid accordingly. |
Stockholders entitled
to receive ten
per cent. |
19. AND BE IT ENACTED, That all such carriages
as aforesaid
to be drawn by oxen in the whole, or partly by horses and partly
by oxen, two oxen shall be estimated as equal to one horse in charging
all the aforesaid tolls, and every mule as equal to one horse. |
Two oxen estimated
equal to one
horse. |
20. AND BE IT ENACTED, That if the said company,
after the
said road is completed as aforesaid, shall neglect to keep the said
road in good and perfect order for the space of fifteen days, and
information shall be given to any justice of the peace of the neighbourhood,
within the county where the repair ought to be made,
such justice shall issue a precept, to be directed to any constable,
commanding him to summon three disinterested persons, to be named
by the said justice in the said precept, to meet at a certain time in
the said precept to be mentioned, at the place in the said road
which shall be complained of, of which meeting notice shall be
given to the keeper of the gate or turnpike nearest thereto; and the
said justice shall, at such time and place, on the oaths or affirmations
of the said persons, inquire whether the said road, or any
part thereof, is in such good and perfect order and repair as aforesaid,
and shall cause an inquisition to be made and certified, under
the hands of himself and a majority of the said persons, and if
the road shall be found by the said inquisition to be out of order |
Manner of proceeding
when road
is out of repair,
&c. |
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