456

LAWS OF MARYLAND.

forty cents, three feet shingles fifty cents per thou-
sand, every empty vessel five cents per ton, and for
all other commodities in the same proportion agreea-
bly to the articles above enumerated.

Penalty for
refusing or ne-
glecting to pay

toll.

SEC. 11. And be it enacted, That in case of neg-
lect or refusal to pay the toll at the time of offering to
pass through the said inlet by the vessel passing
through the same, the collector or collectors of the
said tolls may lawfully refuse passage to such vessels,
and if any vessel shall pass without paying said tolls,
such collector or collectors may seize such vessel or
vessels wheresoever found, and sell the same at auc-
tion for ready money, and may apply such money
towards paying said tolls, and all the expenses of seizure
and sale, and the balance, if any, shall be paid to the
owner, and the person having the direction of such
vessel shall be liable for such toll if the same be not
paid by the sale of such vessel aforesaid.

Dividends.

SEC 12. And be it enacted, That the said board
of directors shall once in each and every year or semi-
nnnually declare and make such dividend as they may
deem proper, of the nett profits arising from the re-
sources of the said company, first deducting the cur-
rent and probable contingent expenses, and shall ap-
portion the same amongst the stockholders in propor-
tion to their respective shares.

Banking for-
bid.

SEC. 13. And be it enacted, That nothing in this
act shall be so construed, as to allow said company to
issue any note taken, scrip, certificate, or other ev-
idence of debt, to be used as currency.

Reservation.

SEC. 14. And be it enacted, That the General As-
sembly hereby reserves the right to alter, amend or re-
peal this act at pleasure, and that this act shall take
effect from and after its passage.