PHILIP F. THOMAS, ESQUIRE, GOVERNOR.

1847.

their successors forever, and the shares of the capital
stock of said company shall be deemed personal estate.
SEC. 15. And be it enacted, That the said board
of directors shall once in each year, or semi-annually,
declare and make such dividend as they may deem pro-

per of the net profits arising from the resources of the
said company; first deducting the current and probably
contingent expenses, and shall apportion the same
amongst the stockholders of said company in propor-
tion to their respective shares.

CHAP. 204.

SEC. 16. And be it enacted, That in case any person
shall wilfully obstruct, injure, impair or destroy any part
of said road or any of the works, buildings, carriages,
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 he recovered in the name
of said company by action of debt in the county court
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.

Penalty to

injuring.

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 act shall be pull
and void.

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

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 currency.

CHAPTER 204.

Banking for-
bid.

An act to incorporate the Cambridge and Blackwater

Canal Company, in Dorchester county.

SECTION 1. Be it enacted by the General Assembly

of Maryland, That Thomas H. Hicks, Thomas I. Dail,
Junior, Samuel D. Lecompte, Vachel Straughn, Joseph
E. Muse, Junior, James Wallace, Levin Mowbray,
Lewis Ross. and Martin L. Wright, or any three of them
who may consent to act, be and they are hereby appointed
commissioners who shall cause books to be opened at
such times and places as they may deem advisable for
the purpose of receiving subscriptions to the, capital

Passed
March 2, 1848.

Commission-
ers named.