1826

LAWS OF MARYLAND.

CHAP. 136

nal company, a conveyance of all right, estate and interest, in
said Susquehanna canal, and its works, to the said Pennsylvania
and Maryland canal company, then their right to subscribe for
said stock, under this section, shall utterly cease, and be void,
and the president and directors of the last mentioned company,
or a majority of them, may cause the canal, improvements, and
works of said Susquehanna canal company, to be valued in the
manner prescribed by the sixteenth section of this act, and after
having caused the same to be viewed by a jury formed agree-
ably to the directions of that section, may immediately after the
view by such jury, enter upon, use, occupy or destroy the same,
before inquisition made, and returned by said jury; and the in-
quisition of said jury shall be made, returned and confirmed, in
the manner directed by said section; and after the payment, or
tender of the valuation of such jury of inquest, to the president
or treasurer of said Susquehanna canal company, the said Penn-
sylvania and Maryland canal company shall become entitled to,
and possessed of, all the rights, interests and estate, of said Sus-
quehanna canal company, in and to said canal, and its works

Proviso

Provided, that the said Susquehanna canal company shall be en-
titled to the amount of valuation found by said inquest, whether
refused, when tendered, or not

Disposal of water
—Canal when
completed, vetted
in stockholders
Tolls

19. And be it enacted, That the president and directors of
said Pennsylvania and Maryland Canal Company, shall be and
they are hereby prohibited from selling or disposing of any
water from said canal, except where the wasting of the same
may be to the advantage and for the security of said canal; and
that the said canal, with all its works, improvements and pro-
fits, when completed, shall be, and the same are hereby vested
in the several stockholders in the same, as tenants in common,
and the stock in the same, whenever vested in individuals,
shall be vested in them, their heirs and assigns; but the said ca-
nal, when completed, shall be, and shall forever remain naviga-
ble as a public highway, free for the transportation of all
goods, merchandise, produce, or articles of any description
whatsoever, on payment of the tolls imposed by the company
under this act, and that no toll or imposition of tax, for the use
of said canal company, shall be collected or levied, except
what is allowed by this act, unless by the express permission of
the states of Pennsylvania and Maryland; and that the said ca-
nal, and its works, shall be forever exempt from the payment
of any tax, imposition or assessment whatsoever, by either or
both of said states, and that the president and directors of said
company may regulate and establish, and modify at their plea-
sure, a tariff of tolls, not exceeding an average of two cents
per ton per mile, subject to the discretion and control of a ma-
jority in value of the stockholders of said company, in general
meeting assembled; and the said president and directors, or a
majority of them, may provide for the erection of toll-houses,
and appoint toll-gatherers, may determine the place at which
tolls shall be demanded, and may demand and receive tolls, ac-
cording to the tariff of tolls permitted or established by this
act, for the passage of boats, arks, rafts, and all property or pro-
duce whatsoever, passing along said canal, and may refuse pas-