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Session Laws, 1846
Volume 611, Page 91   View pdf image
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1846.

LAWS OF MARYLAND.

CHAP. 99.

Not to call
upon stock-
holders for a
greater sum
than nine dol-
lars.

SEC. 8. And be it enacted, That the president and
directors shall not be authorised to call upon the stock-
holders for a greater sum than nine dollars on each share
at any one time, nor until they shall have given at least
two weeks notice thereof, and in case any stockholder
shall neglect to pay such portion of his subscription at
the time so appointed, the president and directors may
proceed to recover the same by due process of law.

All profits
vested in the
company.

SEC. 9. And be it enacted, That for and in considera-
tion of the great risk and expenses to be incurred by the
said company, not only for building said bridge, but for
keeping the same in repair, the said bridge, when built
and completed, and all its profits shall be and the same
are hereby vested in the said company forever, or to be
held as tenants in common in proportion to their respec-
tive shares; and it shall and may be lawful for the said
president and directors at all times hereafter to demand
and receive such reasonable tax or toll as they may from
time to time agree on and require.

Keep a true
account of all
monies receiv-
ed — declare a
dividend, &c.

SEC. 10. And be it enacted, That the said president
and directors shall keep a just and true account of all
monies received by their several and respective collec-
tors of tolls for crossing said bridge, and shall make and
declare a dividend of the profits and income thereof
among all the stockholders, first deducting therefrom all
proper expenses or incidental costs and charges, and
such proportions of the said income as they may deem
necessary to provide against the decay and for the re-
pairing the said bridge, and shall on every first Monday
in July and January of every year, publish the dividend
to be made of the said clear profits thereof, among the
stockholders, and also the time and place when and
where the same shall be paid, and shall cause the same
to be paid accordingly.

If any person
shall willfully
injure, &c.

SEC. 11. And be it enacted, That if any person or per-
sons shall wilfully injure any part or parcel of said bridge,
he shall forfeit and pay to the president and directors
for every such offence a sum not exceeding fifty dollars,
to be recovered before any justice of the peace of Fre-
derick county, and he, she or they so offending, may and
shall remain liable to actions at the suit of the president
and directors for further damages for such offence, if the
sum or sums herein mentioned be not sufficient to repair
and satisfy such damages.

Damages sus-
tained.

SEC. 12. And be it enacted, That in case any ferry
over the Potomac river, within two miles above and be-
low said bridge, the right to which is secured to the par-



 
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Session Laws, 1846
Volume 611, Page 91   View pdf image
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