EMERSON C. HARRINGTON, GOVERNOR. 1621

plicable to a public service corporation of the character and
created for the objects and purposes of this Company, includ-
ing the right and power of condemnation.

SEC. 4. And be it enacted, That where said canal at any
point shall cross any county road or county roads that a suit-
able bridge must be constructed by said Canal Company and
be approved by the County Commissioners of Dorchester
County, as to the character of the bridge or bridges to be con-
structed; and that said bridge or bridges shall be maintained
by said Canal Company in safe traffic condition and be open-
to inspection at all times by the said County Commissioners
for Dorchester County and be kept in a condition of repairs
satisfactory to said County Commissioners.

SEC. 5. And be it enacted, That the capital stock of said
Company shall consist of not more than one hundred thousand
dollars ($100, 000. 00), to be divided into shares of fifty dollars
($50. 00) each, which stock shall be issued to the subscribers
therefor by said Company on the payment of the entire sub-
scription price therefore; and in the event that the amount of
capital stock subscribed prove insufficient to construct, com-
plete and fully equip the said canal hereinbefore mentioned, in-
cluding the acquisition, costs and ownership of the rights of
way for the canal channel proper, and the forty-foot strips of
land on each side of said canal channel proper, as hereinbefore
provided for, then the Directors of said Company from time to
time, as the occasion and necessity therefor shall arise, may
issue in the name of said Company mortgage bonds to an
amount sufficient, in the judgment of said Directors, to com-
plete and fully equip said canal, and secure the payment of
such bonds by mortgage of all, or any part, of the property,
rights, franchises, tolls and revenues of said Company.

SEC. 6. And be it enacted, That the affairs of said Company
shall be managed by a board of fifteen directors (one of whom
shall be elected President), who shall serve for one year and
until the election and qualification of their successors; the in-
corporators named herein shall be the directors to serve for
the first year and until the qualifications of their successors,,
and shall serve until their successors are elected and qualify,
and thereafter the directors shall be elected by a majority
vote of the stockholders annually, and to serve for the term of
one year and at such times as shall be provided by the by-laws
of said corporation; said by-laws to be made and adopted by