A. W. BRADFORD, ESQUIRE, GOVERNOR.

subject however to all payments due or to become
due thereon, and the assignee holding such certi-
cate having first caused the assignment to be
entered in a book of the company to be kept for
the transfer of stock, shall be a member of the
corporation, and for every certificate so assigned
to him shall be entitled to one share of the capital,
and to all estates emoluments and privileges inci-
dent to one share, and subject to all liabilities,
penalties and forfeitures, upon each share, as the
original subscribers would have been.

227

Sec. 8. And be it enacted, That whenever the
sum of ten thousand dollars shall be subscribed to
the capital stock of said company and paid in, and
after the officers of said company shall have been
duly elected as provided in section three of this
act, the present Commissioners for cleaning out
the Pocomoke river, appointed by an Act of As-
sembly of eighteen hundred and sixty-two, viz:
Zadoc P. Henry, Sr., Joseph Donoway, James
Whaley, L. R. Truitt and John E. H. Marshall,
are hereby required to pay to and deliver over to
the County Commissioners of Worcester county
Maryland, all money and property in their hands
as Commissioners, and the County Commissioners
may sue for and recover the same, and when such
moneys or property shall have been placed in the
hands of said County Commissioners, they shall
immediately invest the amount in the capital stock
of the Pocomoke Navigation Company, in the
name of and for the use and benefit of Worcester
county, which shall be paid to the legal represen-
tative or properly appointed officer of said com-
pany as other stock, and the President of the
Board of Commissioners shall at all times repre-
sent the county of Worcester, as a stockholder in
said company.

Required to
pay and deliv-
er over money
and property.

Sec. 9. And be it enacted, That if after thirty
days notice in public papers aforesaid, of the time
and place appointed for the payment of the said
capital stock, or any portion or instalment thereof,
in order to carry on the work, any stockholder
shall neglect to pay the same for the space of
thirty days after the time so appointed every such
stockholder, or his or her assignee, shall in addition
to the payment or instalment so called for, pay at the
rate of two per cent, per month for the delay of

Instalments —
forfeiture.