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The Annotated Code of the Public Civil Laws of Maryland, 1911
Volume 372, Page 702   View pdf image (33K)
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702 CORPORATIONS. . [AET. 23

and if the receipts shall be found at any time to amount to more than is
necessary to yield eight per centum per annum, net, to the stockholders,
the tolls shall be reduced to this standard. In all cases, the rates of tolls
chargeable shall be specified and approved in writing by the county com-
missioners, and shall be, as nearly as may be, such rates as will yield
the said dividend and no more; and such writing shall be recorded in
the office of the county commissioners, and also in the journal or book
of proceedings of the corporation, and copies thereof shall be printed
and exposed to public inspection at every toll-gate; and such writing,
or a copy thereof, shall be conclusive evidence of the right of the com-
pany to charge tolls and of the amounts thereof.

1904, art. 23, sec. 347. 1892, ch. 188, sec. 236 A,

386. All turnpike or plank road companies in this State are hereby
authorized and empowered to charge and collect such rates of toll for
traction engines, steam engines and all vehicles attached thereto, which
shall be hauled or propelled upon the roads and through the toll-gates
of such companies, as shall be fixed by said companies in accordance
with the provisions of sub-title turnpike, plank road and passenger
railway companies, and this section shall apply as well to all turnpike
and plank road companies incorporated under special acts of the gen-
eral assembly of Maryland, as to those incorporated under the provisions
of this article.

Ibid. sec. 348. 1888, art 23, sec. 237. 1868, ch. 471, sec. 110.

387. If a company shall be formed to make a turnpike or plank
road through several of the counties of the State, when the same shall
be finally completed, a report as mentioned in section 384 shall be
made to the comptroller, and by him laid before the governor, of the
entire cost of said road; and the governor shall thereupon appoint five
commissioners to examine and report to him, on the construction of
said road, its adaptation to public uses, the whole cost thereof, and
the revenue and expenses of maintaining the same, as far as ascer-
tainable; and if said report shall be favorable, the governor shall issue
his warrant to said corporation, authorizing it to establish toll-gates,
and specifying the rates of toll which may be charged by said corpora-
tion, so that a dividend of eight per centum net, may be made to the
stockholders, and the warrant of the governor shall be final in the
premises; and the company shall report annually to the comptroller,
who shall lay the same before the governor, who may order a change
of location of gates, and of the amount of tolls to be charged, and
issue his warrant accordingly, whenever he may deem the same neces-
sary to effectuate the intent of these provisions.

Ibid. sec. 349. 1888, art. 23, sec. 238. 1868, ch. 471, sec. 111.

388. When such corporation shall desire to locate its road within
the limits of or through any incorporated town or city, it shall obtain

 

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The Annotated Code of the Public Civil Laws of Maryland, 1911
Volume 372, Page 702   View pdf image (33K)
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