ART. 40. ] FORMATION, POWERS, AND REGULATION OF CORPORATIONS. 337

road is applicable, who shall report to said county commissioners in writing, and said report shall be reviewed by said county commis- sioners, and if they shall determine that the road is properly con- structed, then as to such turnpike or plank road the company shall
be authorized to erect a toll-gate thereon, and to charge such rates of toll as will yield eight per centum per annum, net profit on said actual cost, for distribution to the stockholders, and the same pro- ceedings shall he had as each succeeding mile shall be completed, until the said turnpike, or plank road, or passenger railway shall be finished; but when more than one mile of any turnpike or plank road shall be completed, it shall not be necessary for the corpora- tion to erect more gates than it may deem convenient, and it shall be empowered to collect at the gate or gates, which may be erected, tolls to yield at the rate aforesaid for the number of miles of said road or passenger railway which may be finished.	Toll-gates
112, The corporation of any such turnpike or plank road, shall revise its rates of toll every six months for three years from the completion of its road, and shall report the amounts of its revenue and expenditures at any time when demanded by the county com- missioners, 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 that standard. In	Id s 109 Revision of toll rates Report of revenue and expenditures.
all cases the rates of toll chargeable shall be specified and approved in writing by the county commissioners, and shall be, as nearly as may be, such rates as will yield the said dividend and no more, and	Rates of toll chargeable
such writing shall be recorded in the office of the county commis- sioners, and also in the journal or book of proceedings of the cor- poration, 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 company to charge tolls and of the amounts thereof.	To be recorded in county commissioner's office.
113, If a company shall be formed to make a turnpike or plank road through several of the counties of the State, when the same may be finally completed, a report, as hereinbefore mentioned, shall be made to the comptroller, and by him laid before the governor, of the entire cost of said road, and the said governor shall, thereupon,	Id s. 110 Report to comptroller.
appoint five commissioners to examine and report to him, on the construction of said road, its adaptation to public uses, the whole	Duty of governor.
cost thereof, and the revenue and expenses of maintaining the same, so far as ascertainable; and, if said report shall be favorable, the governor shall issue his warrant to said corporation, authorizing it	Cost of road.
to establish toll-gates, and specifying the rates of toll which may be charged by said corporation, so that a dividend of eight per centum, net, may be made to the stockholders; and the warrant of the gov-	Toll-gates.
ernor shall be final in the premises, and the company shall report annually to the comptroller, who shall lay the same before the gov- ernor, who may order a change of location of gates, and of the amount of tolls to be charged, and issue his warrant accordingly, 22	Annual report to comptroller.