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Session Laws, 1854
Volume 616, Page 77   View pdf image
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72

LAWS OF MARYLAND.

direct another inquisition to be taken in the manner
above described, and such inquisition shall describe the
property taken, or the bounds of lands condemned, and
the quantity or duration of the interest in the same
valued for the company, and such valuation when paid
or tendered to the owner or owners of said property, or
his, her or their legal representatives, shall entitle the
said company to the estate and interest in the same thus
valued, as fully as if it had been conveyed by the owner
or owners of the same, and the valuation if not received
when tendered, may at any time thereafter be received
from the company without costs by the said owner or
owners, or his, her, or their legal representative or re-
presentalives.

Power to
lay conduits.

SEC. 13. And be it enacted, That said company
shall have full power and authority, to make and lay
conduits or tunnels, for the conveyance of said water
under or along the streets, lanes, alleys and side pave-
ments, or any of them, of the town of Frostburg, for the
purpose of conveying and distributing said water, and
the said conduits or tunnels from time to time, to renew
and repair, leaving at the same time a sufficient passage
for carriages, foot passengers and horses, as the case may
be, and forthwith restoring to their former condition, all
such streets, lanes, alleys and side pavements, as may at
any time be dug, opened or taken up.

Power to es-
tablish
reservoirs
&c.

SEC. 14. And be it enacted, That the said company
shall hare full power to establish reservoirs and public
fountains in such parts of the said streets and squares of
the said town, as they may think proper, and to grant to
all persons whomsoever, and to all bodies corporate and
politic, the privilege of using said water to be introduced
as aforesaid, in such manner and upon such terms as
they shall think fit.

Power to in-
crease capital.

SEC. 15. And be it enacted, That if it be found that
the said capital be insufficient to effect the object in-
tended, the stockholders or a majority of them are hereby
authorised to increase the same by subscription in the
same manner and upon the same terms hereinbefore

Proviso.

prescribed for the reception of subscriptions; Provided,
that the said capital shall not be increased so as exceed
twenty thousand dollars.

Dividend.

SEC. 16. And be it enacted, That there shall be
a semi-annual dividend of profits upon shares of stock,
and the first shall be made six months after said water
is brought to said town, if the sum then received shall
be deemed sufficient for that purpose, and semi-annu
ally thereafter.



 
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Session Laws, 1854
Volume 616, Page 77   View pdf image
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