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Session Laws, 1846
Volume 611, Page 284   View pdf image
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THOMAS G. PRATT, ESQUIRE, GOVERNOR.

1846.

connexion is formed between the rail road or rail roads
hereby authorised to be constructed, and the rail road
or rail roads of any other corporation or citizen of this
State, the cars to be used in the transportation of per-
sons and property shall be adapted in size and all ne-
cessary particulars to the rail road or rail roads of the
said Lulworth Iron Company; and provided further, that
the Legislature of this State may at any time heieafter
regulate, modify or change the control, use and estate of
the rail road or rail roads to be constructed under the
aulhority hereby given, in such manner as it may deem
equitable towards the said corporation, and necessary to
the accommodation of the public travel or use of the said
rail road or rail roads.

CHAP. 297.

SEC. 7. And be it enacted, That any corporation now
or hereafter to be formed, shall have the privilege of pass-
ing over the lands of the said Lulworth Iron Company,

so as to connect any lateral rail road with the rail road
or rail roads of said corporation, by paying to said cor-
poration, such sum or sums of money, as may be agreed
upon, by three disinterested persons, appointed by the
commissioners of Allegany county, to value the damages
done to the said corporation, by the passing over its lands

for the purpose of forming said connexion.

Road may be
passed over by
paying, &c.

SEC. 8. And be it enacted, That if any subscribers to
the capital stock of said corporation, or any person or

corporation, who may become entitled to any share or
shares of such capital stock, shall fail or neglect to pay
any assessment or instalment, which may be required to
be paid by the president and directors of said corpora-
tion , or a majority of them, on the share or shares of stock
subscribed for, or owned by such subscriber, person or
corporation, for the space of sixty days next after such
assessment or instalment, shall be demanded and made
due and payable, the stock on which such assessment or
instalment is demanded, shall he forfeited to the said com-
pany, and may be sold by the said president and direc-
tors, or a majority of them, for the benefit of said com-
pany, but the said president and director or a majority of
them may remit such forfeiture on such terms as they
shall deem proper.

On failure or
neglect to pay
shall be forfeit-
ed to company.

SEC. 9. And be it enacted, That nothing in this act be
so construed ns to authorise the said corporation to issue
any note, token, device, scrip or other evidence of debt,
to be used as currency.

Issues forbid.

SEC. 10. And be it enacted, That this act shall com-
mence and be in force from and after the passage thereof,

In force from

passage.



 
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Session Laws, 1846
Volume 611, Page 284   View pdf image
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