494
LAWS OF MARYLAND.
Dividends.
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which account shall be upon oath or affirmation, as
the
case may be, when required; and shall make a dividend
of the clear profits and income thereof, not exceeding
ten per cent., among the stockholders, which
dividend shall be declared half yearly, in the month of
January and July, and published and paid accordingly.
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Tolls—from
whom not to
be demanded.
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SEC. 21. And be it enacted,
That it shall not be
lawful for said company to ask, demand or receive of or
from any person or persons, within the lines of whose
lands any gates may be erected, any toll for passing
from one part to another part of said land along said
road.
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Banking forbid.
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SEC. 22. And be it enacted,
That nothing in this
act shall be so construed as to allow said company to
issue any note, token, scrip, certificate or other evidence
of debt to be used as a currency.
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Reservation.
In force.
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SEC. 23. And be it enacted,
That the General Assembly
hereby reserves the right to alter, amend or repeal
this act at pleasure; and that it shall take effect
after the passage thereof.
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Passed May
28, 1853.
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CHAPTER 337.
AN ACT to incorporate the Cumberland and Georgetown
Transportation Company.
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Incorporated.
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SECTION 1. Be it enacted
by the General Assembly
of Maryland, That William A. Bradley, Charles M.
Thruston and Richard S. Cox, and their associates,
successors and assigns, be, and they are hereby constituted
a body politic and corporate by the name and
style of the Cumberland and Georgetown Transportation
Company, and as such shall have succession, and
may have and use a common seal, and choose the
same at pleasure, and shall be capable to sue and be
sued, plead and be impleaded, in any court of law or
equity, and may also have, use, exercise and enjoy all
the powers, privileges and rights proper and necessary
for carrying into effect the objects of the said company,
and shall also have the power to purchase and hold all
such property, real, personal and mixed, as they may
require for the purpose of transporting coal and other
articles of freight on the Chesapeake and Ohio canal,
between the towns of Cumberland and Georgetown,
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