1828

LAWS OF MARYLAND.

CHAP. 119.

bridge, and in the institution of all suits necessary to en-
force or defend the rights of said banks, and said individu-
al stockholders, in and over said road and bridge, and the

Proviso

concerns of the same; Provided always, that said banks
and stockholders indemnify and pay over to said turnpike
company, all costs and damages which last said company
may sustain by such use of their said corporate name.

Cost of bride and
road to be report-

ed to cleck of

county

Sec. 2. And be it enacted, That the said president and
four managers, instead of the said president and managers
of said turnpike mad company, shall report, on oath, to the
clerk of Frederick county, to the costs of said bridge and
road, as far as the Monocacy, for the purpose of fixing the
tolls on said bridge as is provided for in the ninth section of
the act to which this is a supplement.

Dividends

Sec. 3. And be it enacted, That all the tolls collected
on the said bridge, and said pail of said road, shall from
time to time, as the same shall be collected, be placed by
the said president and four managers in such bank or banks
in Frederick as they may select, to their credit, and they
shall, at the end of each six months, divide the same among
said individual stockholders, and said banks who are stock-
holders, according to the amounts of their respective stock,
after first deducting from the amount of said tolls all neces-
sary expenses incurred in the repairs ol said road and bridge,
and conducting the concerns of the same.

Votes

Sec. 4. And be it enacted, That in the election of said
president and four directors, each stockholder shall have
one vote for each share held by such stockholder; and the
said banks in voting their respective amounts of stock, shall
vote by their respective presidents, who shall vote such
ballot as they shall be directed by the majority of their re-
spective boards of directors; and the said president and ma-
nagers, when thus elected, shall qualify as such by tak-
ing an oath faithfully and fairly to manage the concerns of
said bridge and road for the benefit of the stockholders
thereof, to the best of their skill and judgment, and they
shall have power to employ a clerk, and compensate him for
his services, as also to purchase all necessary books and sta-
tionary, and to pay for the same out of the amount of said
tolls, before a dividend is made of the same.

Compensation to

president

Sec. 5. And be it enacted. That the said four managers,
when clecled and qualified as aforesaid, shall have power to
allow to their president, for the services to be rendered
by him as president, such sum per annum as they shall
think he reasonably deserves for such services, and which
said salary shall be paid out of the tolls to be collected on
said bridge and road

Collection of tolls

Sec. 6. And be it enacted. That the tolls to be collected
on said part of said road for the use of said banks and said
individual stockholders, by said president and four direc-