562
LAWS OF MARYLAND.
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shall be paid to the stockholders until after the
entire
line of said rail road shall have been completed from
Baltimore to Hagerstown, 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.
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Power to purchase
machines,
&c.
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SEC. 15. 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, and 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, merchandize
or property of any kind whatsoever, transported by them
along said railway, any sum not exceeding the following
rates, viz: on all goods, produce, merchandize or
property of any description whatsoever, transported by
them, not exceeding one cent a ton per mile for toll,
and three cents a ton per mile for transportation, and
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, merchandize,
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 eh 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.
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Right to connect
with road.
Proviso.
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SEC. 16. And be it enacted,
That full right and
privilege is hereby reserved to the citizens of this State,
or any company hereafter to be incorporated under the
authority of this State, to connect with the road hereby
provided for; Provided, that in forming such connection
no injury shall be done to the works of the company
hereby incorporated.
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Power to issue
certificates
of debt.
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SEC. 17. And be it enacted,
That the president and
directors of said company shall have power to issue
bonds or certificates of indebtedness, under the seal of
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