464
LAWS OF MARYLAND.
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their said work, and shall once at least in every
year,
submit such account to a general meeting of the stockholders,
until the said road shall be completed and until
all the costs, charges and expenses of constructing the
same shall be fully paid and discharged, and the aggregate
amount of such expenses shall be ascertained and
liquidated; and upon such liquidation, or when the capital
stock shall be expended, it shall and may be lawful
for the president, managers and company, to such
an extent as may be deemed necessary to accomplish
the works, to enlarge the capital stock of said company
and receive subscriptions on the original terms as before
provided for, in the second, third and fifth sections of
this act; and it shall be lawful for the stockholders, in
general meeting as herein provided for, to authorise the
said president and managers to borrow money for the
purposes of the road, and to pledge or mortgage the said
road and its revenues as security therefor, if to the said
president and managers such loan shall be deemed advisable
to accomplish the purposes of this act of incorporation.
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Company to
cause mile
stones to be
laid.
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SEC. 16. And be it enacted,
That the company
shall cause mile stones to be placed at the side of said
road, beginning at the distance of one mile from the
southern end of said road, and extending thence to the
end of the said road, whereon shall be worked or painted
in plain, legible characters, the number of miles each
stone is from the town of Elkton; and if any person
shall wilfully destroy one of said mile stones, or deface
the same, or shall, without the permission of the acting
superintendents of said road, throw upon the road and
suffer to remain for the space of one day any mud, dirt
or rubbish of any kind so as to obstruct the free passage
thereof, such person being convicted thereof by the evidence
of one or more credible and disinterested witness,
before any justice of the peace of the county, he
shall be adjudged by the said justice to pay a fine not
exceeding ten dollars, to be recovered with costs, which
fine when recovered shall be paid to the treasurer of the
company for the use of said company.
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Account of
toll gatherers.
Dividends.
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SEC. 17. And be it enacted,
That the president
and managers of said company, shall keep a just and
full account of all monies received by them from their
respective toll gatherers, at their several and respective
gates on said road, which account shall be upon oath or
affirmation, as the case may be, when required; and
shall make a clear dividend of the income and clear
profits thereof, among the stockholders, which dividend
shall be declared half-yearly, to wit: in the months of
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