1827

LAWS OF MARYLAND,

CHAP. 121

for materials, and al! such articles as they shall deem necessa-
ry, to ascertain the times, manner and proportions, in which
the stockholders shall pay the money due on their respective
shares, in order to carry on their work, to draw orders on the
treasurer for all money, to pay the wages of persons by them
employed, and for the materials and labor done, provided
such orders shall be signed by the president, or in his absence
by a majority of the attending directors, and to do and trans-
act all other such acts, matters and things, as by this act or
the by-laws, orders and regulations, of the company shall be

Proviso.

committed to them: Provided also, That the said president
and directors shall not be authorised to call on the stockhol-
ders for a greater sum than five dollars on each share at any
one time, nor until they shall have given at least four weeks
notice thereof as aforesaid.

Stockholders neg-
lecting to pay.

SEC. 8 And be it enacted, That if any stockholder, after
four weeks notice as aforesaid, of the time and place appoint-
ed for the payment of any portion or dividend of the said
capital stock, shall neglect to pay such proportion at the time
so appointed, and for the space of forty days thereafter, every
such stockholder, or his assignee, shall, in addition to the di-
vidends so called for, pay at the rate of three per centum per
month, for every delay of such payment, and if the same,
and the said additional penalties, shall remain unpaid for such
space of time, that the accumulated penalties shall become
equal to the sums before paid, on account of such share or
shares, the same shall be forfeited to the company, and shall
be sold by them to any other person or persons willing to pur-
chase the same/ for the best price that can be obtained there-
for.

'Amounts to be
keptawU'xlribitt'il
— Muplus monks.

SEC. 9. And be it enacted, That the president and directors
of the said company, shall keep fair and just accounts of all
monies received by them from the commissioners, and from
the subscribers to the said undertaking, and of all penalties
for the delay in the payment thereof, and of the amount of
the profits on shares that may be forfeited, and generally of
all monies received by them for the purpose of erecting the
said bridge, and also of all monies by them expended, in the
prosecution of the said work, and shall at least once in every
year submit such accounts to a general meeting of the stock-
holders, until the said bridge be completed, and until all the
costs, charges and expenses for effecting the same, shall be
fully paid and discbaiged, and the aggregate amount of all
such expenses shall be liquidated and ascertained, and if, after
the said bridge is completed, it shall be found that more mo-
nies shall remain in the hands of the treasurer than is neces-
sary for the payment of all charges and expenses incurred in
and about erecting the said bridge, the surplus shall be re-
turned as part of the dividend due and payable to the stock-
holders respectively.

Bridge prescribed

draw

Sec. 10. And be it enacted, That the said bridge shall he
built in the most secure and substantial manner, and shall be
secured and supported at each end by good and sufficient