1841.

LAWS OF MARYLAND.

CHAP. 231.

put into use, it shall be deemed a highway, on condition
that every boat which may pass, shall pay the following
tolls as enumerated; provided, that no boat when laden shall

Proviso

draw more than three feet water viz: boats laden with min-
eral coal or iron ore, shall pay for each ton, four cents per
ton per mile, all boats shall for a fraction of a mile, pay the

Rate of tolls.

same price, as for a mile, if in that fraction there be a lock;
boats laden with iron, lime stone or other rock, three cents
per ton per mile; boats laden with lime in bulk four cents
per ton per mile; boats laden with provisions of any kind
six cents per ton per mile;. every thousand shingles in bun-
dles six and a quarter cents per ton per mile; every ton of
timber, plank or scantling in boats or rafts six cents per ton
per mile; all other articles six cents per ton per mile; empty
vessels, going or coming, shall pay each way two dollars;
if any person or persons, refuse or neglect to pay toll, be-
fore they enter the first lock next to the canal, in ascending
the creek, or before they pass the same lock when descend-
ing the creek, the collector of the tolls may refuse a pas-
sage to the vessel, and if any person or persons shall from
accident or breach of promise, enter the first lock in ascend-
ing and descending, pass the same first lock without paying
toll, the collector may seize such vessel and detain her until
the toll be paid; a resolve of two thirds of stockholders
may reduce the above tolls, should they find it expedient to
do so.

May pur-
chase land.

SEC. 7. And be it enacted, That the company may
for their own use, buy lands for the accommodation of the
works, for residence of the superintendents or for enlarging
the passage of the creek when necessary, not exceeding in
all, five hundred acres of land.

May transfer
shares when
paid for.

Proviso.

SEC. 8. And be it enacted, That each share, if paid for,
shall be entitled to one vote, according to notice, and any
holder of a share or shares. may transfer his or their certifi-
cate, by entering such transfer in the company's books;
provided, that the share or shares so to be transferred, have
been paid for in full.

Thirty days
notice.

Sec. 9. And be it enacted, That after thirty days notice
in the public newspapers aforesaid, of the time and place
appointed for the payment of any instalment to the capital
stock of said company, if any stockholder shall neglect to
pay such instalment, he shall bo proceeded against by war-
rant for the instalment so unpaid, with the interest thereon.

Semi-annual
dividend
Proviso.

Sec. 10. And be it enacted, That dividends shall be
made semi-annually of the profits of the company; provided,
that five per centum on the nett profits of the company
shall be reserved from each dividend as a contingent fund,