GEORGE HOWARD, ESQ. GOVERNOR.

1831.

quantity or duration of the interest in the same, valued for
the company, and such valuation when paid or tendered to
the owner or owners of said property, or his, her or their
legal representatives shall entitle the said company to the
estate and interest in the same thus valued, as fully as if it
had been conveyed by the owner or owners of the same,
and the said valuation if not received when tendered may at
any time thereafter be received from the said company
without costs by the said owner or owners, or his, her or
their legal representatives.

CHAP. 104.

Sec. 10. And be it enacted, That whenever in the con-
struction of said road, it shall be necessary to cross or in-
tersect any established road or way, it shall be the duty of
the President and Directors of said company, so to con-
struct the said road across such established road or way,
as not to impede the passage or transportation of persons
or property along the same, and where it shall be necessary
to pass through the land of any individual, it shall also be
their duty to provide for such individual proper wagon ways
across said road.

Cross roads, bridges
&c provided for,

Sec. 11. And be it enacted, That the said board of direc-
tors or a majority of them may purchese with the funds of
said company, and place on said Rail road, all machines,
wagons, engines, vehicles or carnages, of whatever de-
scription for the purposes of transportation on said road and

Powers granted.

to charge tolls upon goods, produce merchandize or
property of any kind, transported by them along said rail
way, the following rates, viz: on all goods, produce, mer-
chandize or property of any description whatever, six cents
a ton per mile, except lumber, bark and staves, on which
the charge shall not exceed four cents a ton, per mile;
and it shall not be lawful for any person or persons to
travel upon or use said road, or to transport persons, mer-
chandize, produce or other property along said road with-
out the license of said board of directors or a majority of
them, and that the said road with all its works, improve-

Tolls.

ments and profits, and all the machinery of transports turn
used on said road, are hereby vested in said company thus
incorporated, and their successors for ever, and the shares
of the capital stock of said company shall be deemed per-
sonal estate.

Estate vested.

Sec. 12. And be it enacted. That the said board of direc-
tors shall once in each year, or semi-annually declare and
make such dividend as they may deem proper of the net
profits arising from the resources of the said company, first
deducting the current and probable contingent expenses, and
shall apportion the same amongst the stockholders of said
company in proportion to their respective shares.

Dividends.