252
LAWS OF MARYLAND.
|
from Georgetown, in the District of Columbia, to
Frederick city, and from Frederick city to Hagerstown,
in Washington county; but the same shall be used
and applied, by the president and directors, to the construction
and completion of said road, as aforesaid, to
Hagerstown; and in lieu thereof certificates of the
capital stock of said company shall be issued to the
stockholders according to the amount of their dividends
respectively.
|
Power to purchase
machines,
&c.
Tolls.
|
SEC. 14. And be it enacted,
That the said president
and directors or a majority of them, shall have power to
purchase with the funds of said company, any place on
any rail road constructed by them under this act, all
machines, wagons, vehicles or carriages of any description
whatsoever, which they may deem necessary or
proper for the purposes of transportation on said road,
and they shall have power to charge for tolls upon, and
the transportation of persons, goods, produce, merchandise
or property of any kind whatsoever, transported by
them along said rail way, any sum not exceeding the
following rates, namely; on all goods, produce, merchandise
or property of any description whatsoever,
transported by them, one cent a ton per mile for toll,
and three cents a ton per mile for transportation, for the
transportation of passengers not exceeding three cents
per mile for each passenger; and it shall not be lawful
for any other company, or any person or persons whatsoever,
to travel upon or use any of the roads of said
company, or to transport persons, merchandise, produce
or property of any description whatsoever, along
said roads or any of them, without the license or permission
of the president and directors of said company,
and that the said road or roads, with all their works,
improvements and profits, and all machinery of transportation
used on said road, are hereby vested in the
said company incorporated by this act, and their successors
forever, and the shares of the capital stock of the
said company shall be deemed and considered personal
estate.
|
Rights and
privileges.
|
SEC. 15. And be it enacted,
That as soon as this act
shall have been passed by the Legislature of Maryland,
books may be opened, subscriptions received, and the
said company organised, and that when organised the
said company and the president and directors of the
same, shall have all the powers, rights and privileges
granted by this act, and shall be subject to all its regulations
in constructing or repairing any of the said rail
roads or other necessary works or buildings, which may
or can be constructed within the limits of the State of
Maryland, and in transporting persons, goods, merchandise
|
|
