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Session Laws, 1814
Volume 633, Page 82   View pdf image
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83

LAWS OF MARYLAND

Dec. Sess.

1814.

of the said corporation, on the oath or affirmation of the
persons intrusted by the company with keeping of the
said accounts, shewing the whole amount of their capital
expended in the prosecution of the said work, and of the
income or profits arising from the said tolls, for and dur-
ing the said respective period, together with an exact
account of the costs and charges of keeping the said road
in repair, and all other contingent costs and charges, so
that the clear annual income and profits thereof may be
ascertained and known; and if at the end of two years,
after the said road shall be completed from the be-
ginning to the end thereof, it shall appear, from the a-
verage profits of the said two years, that the said clear
income and profits will not bear a dividend often per cen-
tum per annum on the capital stock of the said company
so expended, then it shall and may he lawful to and for
the said president, managers and company, to in-
crease the tolls herein before allowed so much upon
each and every allowance thereof, as will raise the divi-
dends up to ten per centum per annum; and at the end of
three years thereafter, the said company shall, on the
oath or affirmation of the persons respectively employed
to keep the accounts of the said company, render such
like statements to the general assembly; and if at the end
of any such triennial period there shall be a surplus of
tolls, over and above satisfying the aforesaid ten per
centum upon the said read, the said court of inspection shall
have power, and -is hereby authorised to receive such
surplus, and to employ the .same in purchasing out the
stock of the said road.

indexes —

mile-stones &c
— penalty for
defacing.

24. AND BE IT ENACTED, That the said com-
pany shall cause posts to be erected and continued at the
intersection of every public road falling into and leading
out of the said turnpike road with a board and index hand,
pointing to the direction of such road, on both sides
whereof shall be inscribed in legible characters, the name
of the town, village or place to which such road leads,
and the distance thereof in computed miles; and the said
company shall cause mile stones to be placed at the side
of the said road, beginning at the distance of one mile
from Boonsborough, and extending thence to the termi-
nation of the said road, whereon shall be marked in plain
legible characters, the number of miles which each stone
is distant from Boonsborough aforesaid; and at every
gate or turnpike by them to be fixed on the said road,
shall cause the distance from Boonsborough, and the
distance from the nearest gate or turnpike, in each direc-
tion, to be marked in legible characters, designating the
number of miles and fraction of a mile, on the said gales,
or some other conspicuous place, for the information of
travellers and others using the said road; and if any
person shall wilfully destroy the said posts, boards, index-
hands or mile-stones, or deface the same, or de-



 
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Session Laws, 1814
Volume 633, Page 82   View pdf image   << PREVIOUS  NEXT >>


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