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Session Laws, 1835
Volume 214, Page 836   View pdf image (33K)
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INDEX TO THE LAWS.

   
 

Chap.

See.

INTERNAL IMPROVE-

   

MENT, Before any subscription shall be made

   

under this act to the Baltimore and Ohio

   

Rail Road Company, a sufficient guaran-

   

tee of said company shall be lodged with

   

the treasurer, for the pay ment to the State

   

after the expiration of three years, of six

   

per centum per annum, upon the amount

   

which shall be paid to said company un-

   

der this act.

395

9

When its clear profits shall be more

   

than adequate to discharge the interst

   

which it shall be liable to pay this State,

   

and to divide 6 per cent to stockholders,

   

thereafter the State shall receive a perpe-

   

tual dividend of 6 per centum and no more,

   

the other stockholders entitled to the bal-

   

lance,

"

"

Said rail road company authorised to

   

increase the charge for transportation

   

one cent per mile for every passenger

   

Upon said road,

"

"

The Eastern Shore rail road company,

   

Maryland canal company, and Annapolis

   

and Potomac canal company, in like man-

   

ner, to secure the payment after three

   

years, of six per cent per annum to the

   

Treasurer, before he shall subscribe to

   

their respective capital stock,

"

"

When their profits shall exceed that

   

sum, the State shall receive dividend of

   

six per cent and no more,

"

"

The mayor and city council of Balti-

   

more authorised to subscribe for such part

   

of the capital stock of the Baltimore and

   

Ohio rail road company, and of the Mary-

   

land canal company as may not be sub-

   

scribed by individuals after opening book

   

&c., or may purchase individual stock

   

and by loan or levy may provide for the

   

payment of principal and interest,

"

"



 
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Session Laws, 1835
Volume 214, Page 836   View pdf image (33K)
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