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660
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LAWS OF MARYLAND.
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SEC. 4. And be it enacted, That there shall be held
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annually, on the first Tuesday in June in each and
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every year, a general meeting of the stockholders
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of said company, to receive and consider the annual
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report of the president and directors for the preced-
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ing year, and elect their successors, and to transact
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General
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any and all other business relating to said canal
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meeting.
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and the affairs of said company which may be
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brought before them ; at all meetings of the stock-
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holders a majority in value thereof shall be neces-
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sary to constitute a quorum, and in case at any of
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said annual meetings of stockholders, or any other
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meetings thereof, -whether regular or special, a
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quorum should not be present, an adjournment may
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be had to some other day, and so from time to time
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until the attendance of a quorum shall be obtained.
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SEC. 5. And be it enacted, That the said company
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shall begin the construction ten years from the date
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of the passage of this act, and shall complete the
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same within twenty years from the commencement
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thereof, and the said canal and the works to be
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Time for be-
ginning
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erected thereon, when completed, shall forever there-
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after be esteemed and taken to be manageable as
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a public highway, free for the transportation of all
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goods, commodities and produce whatever, on pay-
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ment of tolls to be imposed by the said president
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and directors under powers vested in them by this
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act.
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SEC. 6 And be it enacted, That as soon as any part
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of said work is completed with necessary locks and
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open navigation, the said company is hereby author-
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ized and empowered to collect tolls and exercise as full
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and complete jurisdiction over the same as if the
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whole was completed ; and no parts of the same as
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Collect tolls
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if the whole was completed, and no parts of the
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rights and privileges hereby granted shall be taken
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away by reason of the failure to complete the whole
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work, or by uniting with any other canal or stock
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water company, both or altogether forming one con-
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tinuous navigation from the terminus of the Chesa-
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peake and Ohio Canal, at Georgetown, to the city of
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Baltimore.
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