THOMAS W. VEAZEY, ESQUIRE, GOVERNOR.

1835.

tied to have and receive a perpetual dividend of six per

centum per Annum, out of the profits of the work as declared from time to time and no more, and all and so

CHAP. 395.

Dividend thereon

much of such annual profits, as shall exceed six per

Centum, shall be distributed to the other stockholder

according to their several interests in the said compa-

ny, and in consideration of the interest so to be secur

ed to the State, the said Baltimore and Ohio Rail Road

Company shall be, and they are hereby authorised, in

Addititonal charge

addition to the charge now authorised to be made by

for tranportation

authorised

said company, for the transportation of passengers, to

increase the price or charge for such transportation,

to any amount not exceeding one cent per mile, for each

person passing on said road; and the Eastern Shore

Stipulations requir-

Rail Rpad Company, the Maryland Canal Company,

ed of the other companies to pay

and the Annapolis and Potomac Canal Company, are

six per cent on their subscription

hereby respectively required as a condition precedent

after three years

to the subscriptions by this act authorised to said com-

panies respectively, to enter into covenants with the

State of Maryland, under the corporate seal of each of

of said companies respectively, to pay to the State of

Maryland, semi-annually, by each of said companies

respectively, out of the profits of the said respective

works, a sum equal in amount to the sum of sis per

cent per annum, on the subscription by this act autho-

rised to be made, on certain other conditions, to the

capital stock of the said respective companies; such

payments of interests not to be made to the State, un-

til after the expiration of three years from the payment

of each instalment on the subscription to the respective

companies aforesaid, and any excess of dividends on

All excess distribu-

the capital stock of tho State, in either of said compa-

table to other stockholders

nies, above six per centum per annum, shall be distri-

buted to the other stockholders of the company, decla-

ring such excess of dividend.

SEC. 10. And be it enacted, That the Mayor and Ci-

Mayor & City Coun-

ty Council of Baltimore may subscribe for and acquire

cil of Balt, may subscribe for all

such part of the capital stock of the Maryland Canal

unsubscribed shares in Md. Ca-

Company, and the Baltimore and Ohio Rail Road

nal Co. and Balt-& Ohio R. R. co.

Company, shall not be subscribed by individuals,

after hooks shall have been opened for that purpose, as

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