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Session Laws, 1860
Volume 588, Page 367   View pdf image (33K)
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T. HOLLIDAY HICKS, ESQ., GOVERNOR.

1860.

the several subscriptions, and also all money ex-
pended by them in prosecution of their said work, and
shall once, at least, in every year, or oftener if re-
quired, submit such account to a general meeting
of the stockholders, until the road shall be com-
pleted, and until all the costs, charges and expenses
of effecting the same shall be fully paid and dis-
charged, and the aggregate amount of such ex-
penses shall be liquidated and ascertained, and if
upon such liquidation, or when the capital stock
shall be expended, it shall be found insufficient, it
shall and may be lawful for the president, mana-
gers and company, to such an extent as shall be
deemed sufficient to accomplish the works, to en-
large the capital stock of said company, and re-
ceive subscriptions on the original terms as before
provided for in the second, third and fourth sections
of this act.

CHAP. 252.

SEC. 16. And be it enacted, That all wagoners
and drivers of carriages of all kinds, whether of
burden or pleasure, using the said road, shall,
when passing by a carriage of slower draught, keep
their horses and carriages to the right-hand
side of said road, in the passing direction, leaving
the other side of the road free and clear for other
carriages to pass and repass, and if any driver shall
offend against this provision, he shall forfeit and
pay not exceeding ten dollars to any one who shall
be obstructed in his passage and will warrant for
the same, to be recovered, with costs, before any
justice of the peace of the said county, in the same
manner debts under ten dollars are recoverable,
and all fines and forfeitures imposed by this act,
not exceeding thirty dollars, shall be recoverable
before any magistrate or justice of the peace, in the
same manner as debts under ten. dollars are recov-
erable.

Vehicles —
how to be
driven.

SEC. 17. And be it enacted, That the president and
managers of said company shall keep a just and full
account of all moneys received by their respective
toll-gatherers, at their several and respective gates
on said road, which account shall be on oath or
affirmation, as the case may be, when required, and
shall make a dividend of the clear profits and in-
come thereof, not exceeding ten per cent., among
the stockholders, which dividend shall be declared
half yearly, in the months of January and July,
and published and paid accordingly.

Dividends.



 
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Session Laws, 1860
Volume 588, Page 367   View pdf image (33K)
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