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Session Laws, 1831
Volume 213, Page 214   View pdf image (33K)
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1831.

LAWS OF MARYLAND.

CHAP. 167.

Limitation of di-

vidend

five, and until the end of the next session of the general
assembly which shall happen thereafter, and no longer.
Sec. 16. And be it enacted, That the dividends of profits
arising from the operations of the said company, shall not
average more than six per centum per annum, exclusive of
a reasonable reservation for wear and tear, and should the

Exeess appropria-

said profits exceed the rate of six per centum per annum as
aforesaid, the said excess shall form and constitute a fund
to be applied as occasion may require, in the purchase or
building of such steam boats and other vessels as may be
required, in the service of the said company.

Private tracks
protected.

Sec. 17. And be it enacted, That nothing herein shall be
taken or considered to authorise said company to occupy
any track or tracks, which shall or may be made by any
private individual or individuals, unless by the consent of
said individual or individuals.

Might reserved as

to fines

Sec. 18. And be it enacted, That the legislature shall,
at all times hereafter, have the power of reducing the mini-
mum and maximum of the fines and penalties mentioned in
the twelfth section of this act.

Period for going
into operation.

Sect. 19. And be it enacted, That if the aforesaid cor-
poration, and their successors, do not carry into effect, in
five yeais, and continue the operation contemplated by this
act, the said act shall become null and void.

 

CHAPTER 167.

Passed Mar. 1,1833

A supplement to an act, relating to a public road in Mont-
gomery county, passed at December session, eighteen hun-
dred and thirty, chapter one hundred and twelve.

Commissioners af-
ter certain conttn.
fences.

Section 1 . Be it enacted by the General Assembly of Mary-
land, That Thomas Waters, and the commissioners named
in the act to which this is a supplement, after taking the
oath required by the fourth section of said act, and after the
Columbia Turnpike company shall have relinquished the
privilege of making said turnpike road within said county,
agreeably to an act passed at the present session, chapter

To survey and
open a road.

sixty-three; be, and they are hereby authorised and requir-
ed to survey, lay out, and open a road not exceeding thirty
feet in width, upon the route located for a turnpike road by
the said Columbia turnpike company, from or near John
Grants late residence in said county, to the bridge now
building by the said company, over the Patuxent river near
Thomas Waters, and the said commissioners, or a majority



 
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Session Laws, 1831
Volume 213, Page 214   View pdf image (33K)
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