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Session Laws, 1892
Volume 397, Page 427   View pdf image (33K)
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FRANK BROWN, ESQUIRE, GOVERNOR.

427

happen, in ten days after such penalty was incurred, one-


half thereof to go to the informer, and the other half to the


county or city in which such neglect shall happen ; and


said company shall also be liable for all damages which


shall be sustained by any person, by reason of such neglect;


and all penalties imposed by this act may be sued for in the


name of the State, and if such penalty shall be for a sum


not exceeding one hundred dollars, then such suit may be


brought before a justice of the peace, and may be com-


menced by serving a summons on any director, agent or


engineer of said company.


SEC. 16. That the said board of directors shall, once in

Dividends.

each year, or semi-annually, declare and make such divi-


dend as tliey may deem proper, of the net profits arising


from the resources of the said company first deducting the


current and probable contingent expenses, and shall appor-


tion the same among the stockholders of said company in


proportion to their respective shares.


SEC. 17. That in any case any person shall wilfully ob-


struct, injure, impair or destroy any part of said road, or

Obstruct-
ing rail-

any of the works, buildings, carriages, vehicles, engines or

road

machines of said company, he, she or they, for every such


offence, shall forfeit and pay to said company, or their


authorized agent or attorney, not less than fifty dollars,


which may be recorded in the name of the said company,


by an action of debt in the circuit court of the county


wherein such offences shall be committed and shall also be


subject to indictment in said court and upon conviction of


said offence, shall be punished by fine and imprisonment,


in the discretion of the court.


SEC. 18. That if .the said road shall not be commenced


within one year from the passage of this act, and shall not

Com-

be finished in four years from the time of the commence-

mencement
and com-

ment thereof, then this act shall be null and void.

pletion

SEC. 19. That nothing in this act shall be construed so:

Not to issue

as to authorize the said corporation to issue any note, scrip,

notes, &c.

device or any other evidence of debt to be used as a cur-


rency, and the legislature hereby reserves the right to alter,


amend or repeal this charter at its pleasure.


SEC. 20. That the president and directors of said com-


pany shall have the power to issue bonds, or certificates of

May Issue
bonds

indebtedness under the seal of said company, in such sum


or sums, not less than one hundred dollars, as said company


may prefer, and to sell and dispose of the same upon such


terms as to said company may seem proper, and pledge the


property and profits of the said company to secure the pay-




 
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Session Laws, 1892
Volume 397, Page 427   View pdf image (33K)
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