PHILIP F. THOMAS, ESQUIRE, GOVERNOR.

1849.

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
proper, of the nett profits arising from the resources
of the said company, first deducting the current and
probable contingent expenses, and shall apportion the
same amongst the stockholders of said company, in
proportion to their respective shares.

CHAP. 537.

Dividends.

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,
carriages, vehicles, engines or machines of said com-
pany, 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 re-
covered 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 imprison-
ment, in the discretion of the court.

Penalty for
obstructing, &c.

SEC. 17. And be it enacted, That if the said road
shall not be commenced in two years from the passage

of this act, and shall not be finished in four years from
the time of the commencement thereof, then this act
shall he null and void.

Limited time to
commence and
complete road.

SEC. 18. And be it enacted. That nothing in this

act shall be so construed as to authorise the said cor-
poration to issue any note, scrip, device, or other evi-
dence of debt, to he used as currency, and the Legis-
lature hereby reserves the right to alter or amend this
charter at its pleasure.

CHAPTER 537.

Banking forbid.

An act to incorporate the Howard Paper Company.

SECTION 1. Be it enacted by the General Assembly
of Maryland, That Otis Spear, Daniel B. Banks,
Alonzo Lilly, James Owings, and E. Otis Hinkley,
or a majority of them, be and they are hereby ap-
pointed commissioners, with authority to open books
it such times and places as they may deem advisable,
for the purpose of receiving subscriptions to the capital

Passed
March 9, 1850.

Incorporated,

&c.