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Session Laws, 1818
Volume 637, Page 39   View pdf image
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CHARLES GOLDSBOROUGH, ESQ. GOVERNOR.

1818.

satisfied with the decision of the commissioners aforesaid, either
party may appeal to the judges of the county court of Washington
county, whose decision shall be final; and upon the said president
and directors paying to said proprietor or proprietors the sum so
assessed, the land on which said bridge may be abutted, and the
privilege, aforesaid, shall be for ever vested in said company; Pro-
vided always, that if the said bridge shall be abutted on the land
of any person or persons now owning a ferry over the river Poto-
mac, then the value of such ferry shall be assessed to such person
or persons in the damages aforesaid; And provided also, that the
damages assessed shall be fully paid to the party entitled to receive
the same, before the said company shall be entitled to exercise any
act of possession or ownership on the land intended for the said
abutment.
8. And be it enacted, That as soon as said bridge shall be com-
pleted, it, shall be lawful for the corporation aforesaid to demand
and receive the following tolls and rates tor passing the same; that
is to say, for a man, horse, mule or work ox, six and one quarter
cents; for all wagons, carts, or carriages, twelve and one hall cents
per wheel; for every head of neat cuttle, four cents; and for every
sheep, hog, or goat, two cents, and no more; and if the collector of
the tolls shall demand and receive from any person or persons for
passing said bridge, more than is hereby allowed, he shall for eve-
ry such offence forfeit and pay to the party aggrieved five dollars,
to be recovered before any justice of the peace in Maryland or Vir-
ginia; and any person or persons attempting forcibly to pass said
bridge, without paying toll, or refusing to pay the same after hav-
ing passed, shall be liable to a like penalty, to be recovered in man-
ner aforesaid, for the use of said corporation.
9. And be it enacted, That the president and directors aforesaid
shall, at the end of every six months from the time, said bridge shall
be completed, after defraying all necessary and proper expenses and
charges, declare the dividends due to each stockholder, which shall
be paid by the treasurer upon the order of the board of directors.
10. And be it enacted, That the shares of stock shall be trans-
ferable only on the books of the corporation in such manner as the
board of directors may direct.
11. And be it enacted, That the stockholders at every general
meeting shall have power to make and ordain all such by-laws,
roles and regulations, as they may think necessary for the well or-
dering the business of said corporation, not contrary to the consti-
tution or laws of the United States, or of the states of Maryland or
Virginia.
12. And be it enacted, That the election of directors shall be by
ballot, and before every election the directors for the time being
shall appoint three stockholders, not being directors, to conduct the
election, who or a majority of them, shall receive and count the
ballots, and declare in writing the persons elected to serve as di-
rectors for the then ensuing year.
13. And be it enacted, That if it should be found that the amount
which may be subscribed for, or the amount authorised to be sub-
scribed for as aforesaid, shall not be sufficient to complete said
bridge, the president and directors shall have power to direct books
to be opened at such times, and such places, and under the direction

CHAP. 73.

Provisos.

Rates of toll al-
lowed when
bridge is complet-
ed.

Dividends to be
declared every six
months.

Transfers, how to
be made.

President and di-
rectors in make
by-laws, &c.

Election of direc-
tors to be by bal-
lot.

If amount sub-
scribed should not
be sufficient,
book,s may be
opened for an ad-
ditional amount of
stock..



 
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Session Laws, 1818
Volume 637, Page 39   View pdf image
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