310 FORMATION, POWERS, AND REGULATION OF CORPORATIONS. [ART. 40.
Id s 120
Report to
county commis-
sioners
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123. When a bridge located in one county shall be completed,
the president and directors of the corporation shall report in writ-
ing to the county commissioners of said county, under the oath or
affirmation of the president and a majority of the directors, and of
the treasurer of the company, the actual cost of construction of
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Duty of county
commissioners
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said bridge; and the county commissioners shall appoint three per-
sons to examine the same, and report whether it has been con-
structed in such a substantial and durable manner as is required to
promote the public convenience, and the report shall be reviewed,
and ratified or rejected by the county commissioners, who may ap-
point other persons to report thereon, in their discretion; and if it
shall be finally determined by the county commissioners, that the
bridge is erected in a proper manner, they may authorize the cor-
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Bates of toll
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poration to charge such rates of toll as may be sufficient to yield a
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Dividend.
Id a 121
Revision of toll
rates
Receipts and
expenditures.
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net dividend of eight per centum per annum to the stockholders or
members of said corporation, making due allowance always for
cost of necessary repairs and reconstruction from accident or other-
wise
124. The corporation shall revise the rates of toll every six
months for three years from the completion of the bridge, and shall
report at each period to the county commissioners, the gross amounts
of receipt and expenditure, and the rates of toll shall be so read-
justed, if need be, as to yield not more than eight per centum net
dividend; and at any time thereafter the corporation shall, on de-
mand of the county commissioners, report the amounts of receipt
and expenditure for any period demanded, and the tolls shall be re-
adjusted so as to yield not more than said dividend. The rates of
toll to be charged shall be specified in writing by the county com-
missioners.
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Id s 122
Report to
comptroller.
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125. If the bridge be erected over a stream dividing two coun-
ties, or between this State and another State, the corporation shall
make the like report, hereinbefore provided to be made to the
county commissioners, to the comptroller of the treasury, who shall
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Duty of
governor
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lay the same before the governor, who shall issue his warrant speci-
fying the rates of toll to be charged so as to yield eight per centum
per annum net dividend, and like reports shall be made to the comp-
troller every six months, and at any subsequent times as are pro-
vided to be made hereinbefore to the county commissioners, and re-
visions and readjustments of toll shall be made by the governor, as
are directed to be made by the county commissioners, in cases of
bridges located in any one county.
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Id. s 123
Right to charge
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126. The written authority or warrant of the county commis-
sioners and of the governor, in the respective cases, shall be evi-
dence of the right of the corporation to charge the tolls demanded,
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to be printed.
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and said authority or warrant shall be printed and exposed to pub-
lic inspection at every place where the payment of tolls may be de-
manded.
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