1847.

LAWS OF MARYLAND.

CHAP. 202.

description whatever not exceeding six cents a ton per
mile, except lumber, bark and staves, on which the
charge shall not exceed four cents a ton per mile, on
cord wood not to exceed four cents a cord per mile, on
shingles not to exceed three cents per thousand per
mile, and it shall not be lawful for any person or persons
to travel upon or use said road or to transport persons,
merchandize, produce or oilier property along said road
without the license of said board of directors, or a ma-
jority of them, and the said toad with all its works,
improvements and profits and all the machinery of
transportation used on said road are hereby vested in said
company thus incorporated and their successors forever,
and the shares of the capital stock of said company
shall be deemed personal estate.

Dividends—
when to be de-
clared.

Sec. 15. And be it enacted, That the said board of
directors shall once in each year, or semi-annually, de-
clare and make such dividend as they may deem proper
of the net profits arising from the resources of the said
company, first deducting the current and probable con-
tingent expenses, and shall apportion the same amongst
the stockholders of said company in proportion to their
respective shares.

Penalty for
injuring.

SEC. 16. And be it enacted, That in case any per-
son shall wilfully obstruct, injure, impair or destroy any
part of said road, or any of the works, buildings, car-
riages, vehicles, engines or machines of said Company,
he, she or they for every offence shall forfeit and pay to
said company or their authorised agent or attorney not less
than fifty dollars, which may be recovered in the name
of said company by action of debt in the county courts
of the county wherein said offences shall be committed,
and shall also be subject to indictment in said court, and
upon conviction of such offence shall be punished by
fine and imprisonment in the discretion of the court.

Null and void,
if not commen-
ced in 5 years.

SEC. 17. And be it enacted, That if the said road
shall not be commenced in five years from the passage
of this act, and shall not be finished in ten years from
the time of the commencement thereof, then this art shall
be null and void.

Banking for-
bid.

SEC. 18. And be it enacted, That nothing in this act
shall be so construed as to authorise the said corporation
to issue any note, scrip, device or other evidence of
debt to be used as a currency, and that this act shall

Reservation.

be subject to be altered, amended or modified by any
future legislation.