808

LAWS OF MARYLAND.

directors, and for such a length of time as they may deem advis-

able, and at such interest as they may name therein, and which

mortgage bonds shall be liens on all the property and franchises

of said company, and its tolls and revenues, after the payment of

the expenses attending the collection of the same, until the prin-

cipal indebtedness and the interest mentioned in said bonds shall

be paid in full.

SEC. 10. And be it enacted, That for and in consideration of the

great risk and expense to be incurred by said company, not only

Tolls.

in building said bridge, but for keeping it in repair, the said bridge
when built and completed, and the lands connected with the same,

and all the profits, tolls and franchises pertaining to the same

shall be vested in said Berlin and Lovettsville bridge company for-
ever, or to be held as tenants-in-common, in proportion to their

respective shares; and it shall be lawful for the directors of said

company, at all times hereafter, to demand and receive such rea-

sonable tax or toll for the passage and use of said bridge, as they

may from time to time fix and agree upon; and they may do all

things necessary to regulate the use of said bridge, and the im-

mediate ways thereto by the public.

SEC. 11. And be it enacted, That the said directors shall have

kept a just and true account of all money received for tax or toll

for using said bridge, or which may come into their hands in any

other way as said directors of said company, and all expenses in-

Dividends.

cident to or expended by said company, which shall be kept at the
main office of said company, and shall be open to the inspection

of any stockholder of said company; and the said directors shall

make and declare a dividend or dividends of the net profits and

income thereof, first deducting however, in addition to costs and

expenses, such proportion of said income as they may deem neces-

sary to provide against the decay and for repairing said bridge ;
and all indebtedness due by said company, a notice of which divi-

dends of the time and place the same shall be paid, shall be given

the stockholders by one week's notice in a newspaper published

in Frederick city.

SEC. 12. And be it enacted, That said directors shall require all

officers and employees of said company, who shall have the control,

care and custody of any of the funds and money of said company,

or into whose hands the same, or any valuable papers or property

Bond.

of said company shall come or be, to give a good and sufficient

bond to be approved by the president of the company, conditioned
for the faithful performance of their trust, and the duties of their

office or employment, and said bond shall be liable for the faithful

performance of their duties, and for such sums of money, not

exceeding the penalty of said bond, as shall come into the care

and custody or hands of said officer or employee executing the

same, and said company is hereby authorized to bring suit upon