130

LAWS OF MARYLAND.

Dec. Sess.

1813.

shall be found that the said capital stock will not be suf-
ficient to complete the said road, according to the true
intent and meaning of this act, it shall and may be law-
ful for the said president, managers and company, at a
stated or special meeting to be convened according to the
provisions of this act or their own bye-laws, to increase
the number of shares to such extent as shall be deemed
sufficient to accomplish the work, and to demand and
receive the monies subscribed for such shares in like
manner and under the like penalties as are herein before
provided for the original subscriptions, or as shall be pro-
vided by their bye-laws.

Monies re-
ceived. Divi-
dend of profits.

16. AND BE IT FURTHER ENACTED, by the au-

thority, aforesaid, That the said president, managers and
company, shall also keep a just and true account of all
and every the monies to be received by their several and
respective collectors of tolls at the several gates or turn-
pikes on the said road, which shall not exceed one for
every five miles after the said road is completed, from
the beginning to the end thereof, or such part thereof as
shall from time to time he completed as aforesaid; and
after the said road shall be completed, or so much there-
of as it may from time to time be deemed expedient to
make and finish, shall make and declare a dividend of
the clear profits and income thereof, (all contingent costs
and charges and a reasonable fund for repairs, and for
the progressive improvement and accomplishment of the
said work being first deducted and reserved) among all
the subscribers to the stock of the said company, and
shall on the first Monday in December and June in every
year, publish the half yearly dividends to be made of the
clear profits among the stock-holders, and of the time
and place when and where the same will be paid, and
shall cause the same to be paid accordingly.

Abstract to
be made to the
legislature evi-
ry third year.

17. AND BE IT FURTHER ENACTED, by the

authority aforesaid, That the said president and mana-
gers shall, at the end of every third year (from the date
of incorporation) lay before the General Assembly of
this Commonwealth, and the General Assembly of Ma-
ryland respectively, an abstract of their accounts, shew-
ing the whole amount of their capital expended, in pro-
sedition of the said work, and of the income and profits
arising from the said toll for and during the said respec-
tive periods, together with an abstract account of the
costs and charges of keeping the said road in repair, and
all other contingent costs and charges to the end, that the
clear annual income and profits thereof may be ascertain-
ed and known.

Index posts.

Tolls not be-
ing competent
they may be
increased.

18. AND BE IT FURTHER ENACTED, by the au-
thority aforesaid, That the said company shall cause posts
to be erected at the intersection of every road falling
into and leading out of the said turnpike road, with
boards and an index hand pointing to the direction of