1835.

LAWS OF MARYLAND.

CHAP. 255

the same subject to the same regulations and with the

same rights as if they had been originally subscribed

by him.

Time for construct ing canal limited

SEC. 10. And be it enacted, That if the said canal or lock, and dam navigation, be not completed from Cum-

berland to the mouth of George's creek, within two

years after the completion of the Chesapeake and Ohio

Canal to Cumberland, then the authority to construct

the same shall wholly cease and be void.

Shall be a public high way

SEC. 11. And be it enacted, That the said canal,

lock and dam navigation, or any part thereof, as soon

as it is completed, shall be and remain forever naviga-

ble as a public highway for the transportation of per-

sons or property of every description, upon the pay-

ment to the said company or their agents of tolls, in

Tariff of tolls

conformity with a tariff that shall from time to time be

established by the President and Directors of said

company, with the approbation of the persons who

may represent this State in joint stock companies,

incorporated to make roads and canals; Provided

always, that the said tariff shall be so framed as to

yield a nett profit to the said company, which shall not

be less than six per cent upon the capital expended upon

the said canal, and lock and dam navigation, and the

necessary appurtenances, nor shall the said tariff ex-

ceed the rates now chargeable by law upon the Chesa-

peake and Ohio Canal, whenever the trade thereon

shall be sufficient at that rate to yield a nett profit of

Annual report to

six per cent as aforesaid, and that it shall be the duty .

the Legislature

of the President and Directors of said company, whilst

the said canal or lock and dam navigation is in pro-

gress, and annually thereafter to report, to the Legis-

lature, a statement, shewing the amount expended by

said company in construction of the same and its works,

the amount of tolls received during the proceeding year,

.

the amount of expenses during the same period; and

the nett profit on the capital expended; and that if it

shall appear from the same, or be otherwise proved

that the nett profits of the company, or that part of

their capital so expended in the proceeding year,

Powers over tolls

shall have exceeded fifteen per cent, then the Legisla-

reserved

ture of this State shall have power to make such re-