214

LAWS OF MARYLAND.

themselves liable, the dangers of the sea or waters,
and fire alone excepted.

Not to impair
the rights of
any person.

SEC. 10. And be it enacted, That nothing in this
act shall be construed to impair the rights of any
person or persons to an action against said company,
their agents, workmen or servants, for any damage
done to his, her, or their property or persons.

To report an-
nually to the
stockholders.

SEC. 11. And be it enacted, That the president
and directors of the said company, shall cause a re-
port to be made annually, (or semi-annually, if they
shall deem it expedient) to the stockholders of said
company, showing the amount expended by said com-
pany, in the purchase or construction, or chartering
of boats, or in the purchase, leasing, erection, or con-
struction and repairing of boats, vessels, wharves,
warehouses, or other houses or structures, the
amount of passage and other moneys, freights, and
all other moneys received, and the amount of ex-
penses incurred, during the same period, exhibiting
a full and fair account of debit and credit; and that
the said president and directors shall annually or
otherwise, at such time, and places as the by laws
of said company shall direct, make and declare a
dividend of the nett profits of said company, and
cause the same to be paid over to the parties or per-
sons respectively entitled.

Commission-
ers allowed a
per diem.

SEC. 12. And be it enacted, That the president
and directors shall, as soon as practicable, after the
organization of the said company, pay to the said
commissioners a per diem allowance for the time they
may be engaged in the duties required by this act,
of three dollars for every day, and shall also provide
and pay for all printed notices in newspapers, and all
other necessary expenses that may be incurred by
said commissioners.

Not to exer-
cise banking
privileges.

SEC. 13. And be it enacted. That nothing in this
act shall be so construed as to authorize the said
company, to issue any note, token, scrip, device
or other evidence of debt, to be used as a currency.

Reservation.

SEC. 14. And be it enacted, That all the powers,
rights, and privileges granted to said company by the
different sections of this act may be modified or re-
pealed by the legislature of this State, at pleasure.

To continue
in form.

SEC. 15. And be it enacted, That this act of in-
corporation shall go into effect, as soon as twenty
five thousand dollars of its capital stock shall be ac-
tually paid up in coin or current funds, and shall con-
tinue in force until the year eighteen hundred and