1803.

NOVEMBER. LAWS OF MARYLAND.

CHAP.

LXIV.

president, or any of the said directors, may and shall, in manner aforesaid, elect any other person
or persons to be president and directors in the room of him or them so dying, removing or resign-
ing, and may, at any of their general meetings, remove the president, or any of the directors, and
appoint others for and during the remainder of the term for which such person or persons were at
first to have a&ed.

An oath to be

taken.

VIII. AND BE IT ENACTED, That every president, director and treasurer, before he acts as such,
snail take an oath, or affirmation, for the due execution of his office.

Proprietors ne-
cessary for a
general meet-
ing, &c.

IX. AND BE IT ENACTED, That after the first meeting of the subscribers at Saint-Martin's ta-
vern as aforesaid, the attendance of proprietors in person, or by proxy, having thirty shares at the
least, shall be necessary to constitute a general meeting of the proprietors, and they shall meet on
the first Wednesday in September after the work aforesaid shall be completed, at Saint-Martin's ta-
vern, but if a sufficient number should not attend on that day, the proprietors who do attend may
adjourn the said meeting from day to day until the business of the company is finished, to which
meeting the president and directors shall make report, and render distinct and just accounts of all
their proceedings; and at such yearly general meetings, after leaving in the hands of the treasurer
such sum as the proprietors, or a majority of them, shall judge necessary for repairs and contingent
charges, an equal dividend of all the net profits arising from the tolls thereby granted shall be or-
dered and made to and among ail the proprietors of the said company, in proportion to their several
shares; and upon any emergency in the interval between the said yearly meetings, the said presi-
dent, or a majority of the said dire6tors, may appoint a general meeting of the proprietors of the
said company, at any convenient place, giving at least twenty days notice, by advertisement, which
meeting may adjourn as aforesaid.

Capital may be
increased, &c.

1

X. AND BE IT ENACTED, That if the said capital of ten thousand dollars, divided into two hun-
dred shares, each share to be fifty dollars, shall prove insufficient, it shall and may be lawful for the
said company, from time to time, to increase the said capital, by the addition of so many more
whole shares as shall be judged necessary by the said proprietors, or a majority of them holding at
least sixty shares, present at any general meeting of the said company; and the said president and
directors, or a majority of them, are hereby empowered and required, after giving at least one month
notice, by advertisement, to open books for receiving and entering such additional subscribers, in
which the proprietors of the said company for the time being shall and are hereby dectared to
have the preference of all others for the first thirty days after the books shall be opened as afore-
said, of taking and subscribing for so many whole shares as any of them shall choose, and all pro-
prietors of such additional shares shall and are hereby dectared from thenceforward incorporated in-
to the said company.

Works, &c.
vested in the
proprietors, &c

XL AND BE IT ENACTED, That in consideration of the expences the said proprietors shall be at
in banking, stopping, damming and wharfing, across the said bay, and improving the navigation
thereof, and in keeping the works in repair, the said works and inlets, with all the profits therefrom
arising, shall be and the same are hereby vested in the said proprietors, their heirs and assigns for
ever, as tenants in common, in proportion to their respective shares, and they shall be for ever ex-
empt from the payment of any tax, imposition or assessment whatsoever; and that it shall and may
be lawful for the president and directors, at all times for ever hereafter, to demand and receive, at
such place or places on the river Saint-Martin's, or bay of Sinepuxent, as they shall hereafter judge
and determine to be most convenient, for all merchandise and commodities conveyed through such
inlet as may or shall be opened in consequence of the work aforesaid, according to the following ta-
ble, to wit: For every pipe or hogshead of wine, rum, spirits or cider, thirty cents; every hogs-
head o£ tobacco, thirty cents; for every barrel, twelve and an half cents, and smaller casks or kegs
in proportion; every bushel of wheat, peas, beans, flaxseed, Indian corn, or other grain or salt, one
cent; every barrel of pork, beef or flour, twelve and a half cents; every ton of hemp, flax, pot-
ash, bar or manufactured iron, fifty cents; every hundred pipe staves, twenty cents; every hundred
hogshead heading, hogshead staves or barrel staves, fifteen cents; every hundred cubic feet of plank
or scantling, twenty-five cents; every gross hundred weight of all other commodities or packages,
twelve and a half cents; every cord of wood, fifteen cents; every thousand three feet shingles,
twenty-five cents; every thousand two feet shingles, twenty cents; every thousand of every other
kind, twelve and an half cents; and every empty boat or vessel coming in or going out of the said
inlet, except an empty boat or vessel returning, whose load has already paid the toll aforesaid, in
which case she is to pass toll free, two and a half cents per ton; and so on, pro rato for every arti-
cte that shall or may be carried through the said inlet; and the said rates, under the limitations,
aforesaid, shall be collected at such places, and in such proportions at the said respective places, as