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Session Laws, 1826 Session
Volume 437, Page 103   View pdf image (33K)
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JOSEPH KENT, ESQUIRE, GOVERNOR.

view; and the inquest of the jury, after confirmation and after
payment or tender of the valuation, shall be a bar to all actions
for taking or using such property, whether commenced before
or after such confirmation, or the payment of said valuation,
18. 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 car-
nages 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 from the city of Baltimore to the Ohio river, any
sum not exceeding the following rales, viz. On all goods, pro-
duce, merchandise, or property of any description whatsoever,
transported by them from west to east, not exceeding one cent
a ton per mile for toll, and three cents a ton per mile for trans-
portation; on all goods, produce, merchandize, or property of
any description whatsoever, transported by them from east to
west, not exceeding three cents a ton per mile for tolls, and
three cents a ton per mile for transportation, and for the trans-
portation 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 cf said company, or to transport persons, merchan-
dize, 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,
end all the machinery of transportation used on said road, are
hereby vested in the s:\id 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, and shall be exempt from the imposition of any tax or
burthen by the states assenting to this law.

1826.
CHAP. 123

To purchase ma,
chines wagons
&c- Tolls

19. A«d be it enacted, That the said president and direc-
tors shall annually, or semi-annually, declare and make such
dividend as they may deem proper, of the nett profits arising
from the resources of the said company, after deducting the ne-
cessary current and probable contingent expenses; and that they
shall divide the same amongst the proprietors of the stock of
said company, in proper proportions to their respective shares.

Dividends

20. And be it enacted, That if any person or persons shall
wilfully,, by any means whatsoever, injure, impair cr destroy,
any part of any rail road, constructed by said company under
this act, or any of their necessary works, buildings, carriages,
vehicles or machines, of said company, such person cr persons,
so offending, shall, each of them, every such offence, forfeit
and pay to the said company the sum of five hundred dollars,
which may be recovered in the name of said company, by an
action of debt, in the county court of the county wherein the
offence shall be committed, and shall also be subject to indict-
ment in said court, and upon conviction of such offence, shall

Penalty for injur-
ing any part of
road



 
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Session Laws, 1826 Session
Volume 437, Page 103   View pdf image (33K)
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