212

LAWS OF MARYLAND.

for the company, and such valuation, when paid
or tendered to the owner or owners of said proper-
ty or his, her or their legal representatives, shall
entitle the said company to the estate and interest
in the same thus valued, as fully as if it had been
conveyed by the owner or owners of the same, and
the valuation if not received when tendered may
at any time thereafter be received from the compa-
ny without costg, by the said owner or owners, or
his, her or their legal representative or represen-
tatives.

To construct
road with re-
gard to inter-
est of others.

Sec. 11. And be it enacted, That whenever in
the construction of said road or roads, it shall be
necessary to cross or intersect any established road
or way, it shall be the duty of the President and
Directors of said company so to construct the said
road across such established road or way as not to
impede the passage or property along the same,
or where it shall be necessary to pass through the
land of any individual, it shall also be their duty
to provide for such individual proper wagon ways
across said road or roads from one part of his land
to the other.

Dividends.

Sec. 12. And be it enacted, That it shall not
be necessary to complete the railroad authorized
to be constructed by this act to Hagerstown before
any dividends of the net profits arising from the
business of said company shall be declared, and
distribution thereof made amongst the stock-
holders ; but that if in the progress of the con-
struction of said railroad to the aforesaid point
of completion, the President and Directors of the
said company shall think proper to equip for ser-
vice any completed part thereof, they are hereby
authorized to do so and to distribute the net earn-
ings of profits (or so much thereof as they may
think proper to distribute) arising from the trans-
portation and business done upon such completed
point amongst the stockholders in dividends to be
declared annually or semi-annually, at their dis-
cretion, and that no part of the aforesaid net earn-
ings or profits shall be applied to the construction
of the further or other portions of the contemplated
railroad aforesaid, unless the President and Di-
rectors shall deem it best for the interests of the
company to do so, and then they may apply the

*Section 10 omitted or sections numbered incorrectly.