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GEORGE PLATER, Esquire, Governor.
James M. Lingan and Uriah Forrest, to open, or cause to be opened, books
for
receiving and entering subscriptions for the said undertaking, to the
amount of
one hundred and fifty shares, at a rate not exceeding two hundred and fifty
pounds for each share, to be ascertained by the said Blodget, Peter, Deakins,
Lingan and Forrest, and published in the Annapolis, Baltimore, George-town,
and Alexandria news-papers, and Maryland Herald, two weeks previous to
opening the said books, which subscriptions may be made personally, or
by power
of attorney; and whenever the said one hundred and fifty shares shall be
subscribed,
six weeks notice at least shall be given in the papers aforesaid, and in
the
Philadelphia news-papers, requiring a meeting of the subscribers at George-town,
and a majority of such meeting (provided at such meeting at least seventy-five
shares shall be represented) are hereby required and authorised to elect,
by ballot, three of the said subscribers directors for managing all the
concerns of
the company for and during the residue of the then current year. |
1791.
CHAP.
LXXXI. |
III. And be
it enacted, That the said subscribers, and their heirs and assigns,
from the time of the said first meeting, shall be and are hereby declared
to be
incorporated by the name of the George-town Bridge Company, and may sue
and be sued as such; and the proprietors are hereby required to meet at
George-town
on the first Monday of January in every year thereafter, and elect three
directors for the purpose of conducting and managing the concerns of the
said
company for one year; and in the first election, as well as in every election
for
ever thereafter, each proprietor shall be entitled to one vote for every
share, and
any proprietor may, by writing, under his hand and seal, and signed in
the presence
of two witnesses, depute any other proprietor to vote for and act as his
proxy. |
Subscribers
incorporated,
&c. |
IV. And be it
enacted, That the said directors, or any two of them, shall and
may require any sum or sums of money, in equal proportion, from each and
every proprietor, as may from time to time be necessary for carrying on
the
building of the said bridge, and, after giving three months public
notice, it shall
and may be lawful for the directors to sue for and recover, in the
name of the
company, such unpaid requisition, with all costs and charges incidental
thereto,
and legal interest thereon from the time the same should have been paid;
and the
neglect or refusal to pay any such requisition, after public notice
shall have been
given at least for three months in all the news-papers herein before enumerated,
shall have the effect to forfeit all preceding payments made on the share
or shares
so neglected or refused to be paid, to the use and benefit of the company. |
Directors may
require sums
of money,
&c. |
V. And be it
enacted, That for and in consideration of their great risk, and
the
expences to be incurred by the said proprietors, not only for building
the said
bridge, but for keeping the same in continual repair, the said bridge,
and all its
profits, shall be and the same is hereby vested in the said proprietors,
their heirs
and assigns, for ever, as tenants in common, in proportion to their respective
shares; and it shall and may be lawful for the said directors, at all time
hereafter,
for the term of fifty years, to demand and receive such reasonable tax
or
toll as they may from time to time agree on and require, provided they
shall not
at any time demand or receive more than two thirds of the present rates
of
ferriage to and from George-town; which rates or tolls shall at all times
be
made public, and shall not be altered or changed oftener than once in each
year;
and at the expiration of the said term of fifty years, the said directors
shall receive
such tolls as shall be regulated by the legislature of this state, or of
the United
States should the said bridge be erected within the jurisdiction of the
United States. |
Bridge vested
in the proprietors,
&c. |
CHAP. LXXXII.
A Supplement to an act, entitled, An act to streighten and amend
the several public roads in the several counties, and
for other
purposes therein mentioned. |
Passed December
30. |
WHEREAS it is found necessary to alter and explain
some of the public
roads established under said act in Frederick county, to strike out
some of the said roads and add others, to add more public roads in |
Preamble. |
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