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Session Laws, 1839
Volume 600, Page 258   View pdf image
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1839.

LAWS OF MARYLAND.

CHAP. 273.

Powers confer-
red.

to contract, agree for and purchase, rent or hire, all such
lands, chattels, materials, right, privilege and effects what-
ever, and to call for such instalments or share subscribed,
as may be received from time to time, always giving due
notice of such regulation.

Dividends.

To forfeit stock.

Proviso.

SEC. 6. And be it enacted, That the president and di-
rectors shall semi-annually declare and make dividends,
and pay to the stockholders dividends of so much of the
profit realized by the company as they shall deem expedi-
ent, after receiving such sum as shall be deemed reasona-
ble to meet the expenses of repair; and shall have power
after giving thirty days notice, to forfeit stock to the use of
the said company for the non-payment of instalments due
them and unpaid, and not otherwise; provided always,, that no
stockholder shall be made liable in his person or property
for any contract of, or claim against said corporation, but
that the joint stock, property, credits, rights and effects, and
nothing more shall be liable for the same; and that all le-
gal process shall be served on the president or any other
officer of said company.

Banking forbid.

Rights reserved.

SEC. 7. And be it enacted, That nothing herein contain-
ed shall be so construed as to authorise or empower said
corporation to issue any note, certificate, token or evi-
dence of debt, to be used as currency; and the right is
hereby expressly reserved to the General Assembly of Ma-
ryland at is pleasure to alter, amend or annul this act of in-
corporation.

CHAPTER 273.

Passed Mar. 16,
1840.

An act authorizing the Levy Court of Frederick County, in
their discretion, to appoint Commissioners to view a Road
designated Number, Sixty-eight, in said County, for the
purposes therein named.

Preamble.

WHEREAS, it is represented to this General Assembly,
by the petition of George Blessing, of Frederick county,
that by a commission issued by the Frederick county court,
on the ninth of December, eighteen hundred and eighteen,
there was a road laid out in said county, known as number
sixty-eight, and that by a compromise between the then
owners of said land and supervisors, the road was devia-
ted from the location, and remained so from the time the
road was opened until the fall of eighteen hundred and



 
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Session Laws, 1839
Volume 600, Page 258   View pdf image
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