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The Maryland Code, Public Local Laws, 1888
Volume 390, Page 1115   View pdf image (33K)
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ART. 11.] COUNTY COMMISSIONERS. 1115

whose roads have been constructed since the year eighteen hun-
dred and sixty-eight, or are now in process of construction in said
county, for an amount of stock in the case of each company not
exceeding two-fifths of its capital; provided, that the president of
each turnpike road company, to which such subscription shall be
made, shall furnish to the county commissioners a statement,
under oath, that three-fifths of the stock of said company has
been subscribed and fully paid up.

1872, ch. 93. 1874, ch. 86.

91. They are authorized to issue the bonds of the county to
the amount of the stock subscribed to each of said companies, and
to negotiate said bonds; provided, they shall not be sold for less
than par; and they are further authorized to levy upon the assess-
able property of the county an amount sufficient to pay the annual
interest upon said bonds, and the principal at maturity.

1888, ch. 211.

92. Whenever two-fifths of the capital stock of any turnpike
company in Frederick county, chartered and organized after the
fourth day of April, 1888, shall have been subscribed for and
taken by responsible bona fide stockholders, the county commis-
sioners of said county are authorized and empowered to subscribe
for such portion of the remaining three-fifths of the said capital
stock as they, in their discretion, may deem proper, in the name
and for the benefit of said county, and shall be entitled to bd
represented, at all meetings of the stockholders of said company,
by the county commissioners for the time being, or by such per-
sons as may be duly authorized by them; provided, said roads so
subscribed to shall be graded for a width of twenty feet, fourteen
of which shall be covered with stone of an average depth of nine
inches; provided, also, that in accordance with the provisions of
article three, section fifty-four, of the constitution, this and the
succeeding section shall be published in the newspapers printed
in said county for two months before the election in 1889 for
members of the house of delegates, and shall also be approved by
a majority of all the members elected to each house of the
general assembly at its session of 1890.

 

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The Maryland Code, Public Local Laws, 1888
Volume 390, Page 1115   View pdf image (33K)
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