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Session Laws, 1847
Volume 612, Page 195   View pdf image
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1847.

LAWS OF MARYLAND.

CHAP. 197.

May make
bye-laws.

directors shall, elect another person to supply such

vacancy for the remainder of the year.
SEC. 5. And be it enacted, That the said president
and directors shall be authorised to make such bye-
laws, rules or orders and regulations, not inconsistent

with the laws of this State, as shall be necessary for the
well ordering and directing the affairs of the said com-
pany, and also to appoint a secretary, if they shall
deem such an officer to be necessary, and to fix the sala-
ries or compensation of all officers who may be so ap-
pointed by the same.

Incorporated.

SEC. 6. And be it enacted, That the said stock-
holders and their successors, from the nine of the first
meeting before mentioned, shall and they are hereby
declared incorporated by the name of the Berlin and

Name and
style.

Potomac Bridge Company, and by that name may sue
and he sued, plead and be impleaded, answer and be

answered unto in any court of law or equity in this

State.

Meetings.

SEC. 7. And be it enacted, That the president, and
directors shall meet at such times and places as shall
be agreed on for transacting the business of the com-

pany, and in the absence of the president may choose
a chairman, and they shall keep minutes of all their
transactions fairly entered into a book.

Not to demand
more than $5
on each share
at one time.

SEC. 8. And be it enacted, That the president and
directors shall not be authorised to call upon the
stockholders for a greater sum than five 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 pro-
cess of law.

To charge toll.

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 propor-
tion to their respective, shares, and it shall and may be
lawful for the president and directors at all times here-
after to demand and receive such reasonable tax or toll
as they may from time to time agree on and require.

Dividends—
how and when
declared.

SEC. 10. And be it enacted, That the said presi-
dent and directors shall keep a just and true account of
all monies received by their several and respective col-



 
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Session Laws, 1847
Volume 612, Page 195   View pdf image
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