484

LAWS OF MARYLAND.

Company, showing the amount expended by said
Company in the purchase or construction or char-
tering of boats, in the purchasing, leasing, erect-
ing or constructing and repairing of boats, vessels,
wharves, warehouses or other houses, or structures,
the amount of passage and other moneys, freight-
ing and all other moneys received, and the amount
of expenses incurred during the same period, ex-
hibiting a full and fair account of debt 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 nett profit of said Com-
pany, and cause the same to be paid over to the
parties or persons respectively entitled.

Compensatlon.

SEC. 12. And be it enacted, That the President
and Directors shall as soon as practicable after
the organization of 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.

Banking for-
bid.

SEC. 13. And be it enacted, That nothing in
this act shall be so construed as to authorise the
said Company to issue any note, token, scrip, de-
vice or other evidence of debt to be used as a cur-
rency.

Reservation.

SEC. 14. And be it enacted, That all the pow-
ers, rights and privileges, granted to said Com-
pany by the different sections of this act, may be
modified or repealed by the Legislature of this
State at pleasure.

To go into ef-
fect.

SEC. 15. And be it enacted, That this act of
incorporation shall go into effect as soon as twen-
ty-five thousand dollars of its capital stock shall
be actually paid up in coin or current funds, and
shall continue in force until the year eighteen
hundred and seventy-six, and until the end of the
next session of the General Assembly thereafter.