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Session Laws, 1888 Session
Volume 481, Page 361   View pdf image (33K)
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ELIHU E. JACKSON, ESQUIRE, GOVERNOR.

aforesaid, but they shall not at any time call
upon said stockholders for a greater sum than
twenty per cent, on each share, nor until they
shall have given at least ten days' notice
thereof, and in case any stockholder shall ne-
glect to pay for such portion of his subscription
at the time so appointed, the directors may pro-
ceed to recover the same by due process of law,
which suit will be in the name of this corpo-
ration.
SEC. 11. And be it further enacted, That for

361

and in consideration of the great risk and ex-
pense to be incurred by said company, not only
for building said bridge, but for keeping the
same in repair, the said bridge when built and
completed, and the lands connected with the
same, and all its profits and tolls, be and the
same are hereby vested in the said company
forever, or to be held as tenants in common in
proportion to their respective shares ; and it
shall be lawful for the said directors at all
times hereafter to demand and receive such
reasonable tax or toll for the passage and use
of such bridge as they may from time to time
fix and agree upon, and they may do all things
necessary to regulate the use of said bridge and
the immediate ways thereto by the public.
SEC. 12. And be it further enacted, That the

Charge toll.

said directors shall have kept a just and true ac-
count of all money received for tax or toll for
using said bridge, or which may come into their
hands in any other way as said directors of said
company, and all expenses, incident to or ex-
pended by said company, which shall be kept at
the main office of said company, and shall be
open to the inspection of any stockholder, and
the said directors shall make and declare a divi-
dend, or dividends, of the net profits and income
thereof, first deducting, however, in addition to
costs and expenses, such proportions of said in-
come as they may deem necessary to provide
against the decay, and for repairing said bridge,
and all indebtedness due by said company, a no-
tice of which dividends, of the time and place
the same shall be paid, shall be given to the stock-
holders by one week's public notice in some
newspaper, published in Frederick county.

Keep account



 
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Session Laws, 1888 Session
Volume 481, Page 361   View pdf image (33K)
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