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CHAP. 94.
Penalty for im-
peding navigation,
or injuring works
Accounts of mo-
nies received and
expended to be
kept
Also of receipts
from collectors of
tolls
If work is not
completed in 15
years rights to
revert to state
Provisos.
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ted, one half to the use of the informer, and the other half to the use
of the poor of the township or county where the neglect may occur.
15. And be it enacted, That if any person or persons shall wilful-
ly and knowingly do any act or thing whereby the navigation shall
be impeded, or any dam, lock, gate, canal, engine, machine, or
device thereunto belonging, or any machinery or property of the
company, shall be injured or damaged, he, she or they, so offending,
shall forfeit and pay to the said company four fold the damages by them
sustained, together with the costs, to be recovered by action of debt
before a justice of the peace, or in any court of competent jurisdiction.
16. And be it enacted, That the president and managers of the
said company shall keep fair and just accounts of all monies re-
ceived by them from the said commissioners, and from the subscri-
bers to the said undertaking, on account of the several subscrip-
tions, of all penalties for delay in the payment thereof, and the
amount of the profits on the shares which may be forfeited as afore-
said, and also of all monies by them expended in the prosecution
of the said works; and shall in every year submit such accounts to
the stockholders at their annual meeting to choose the, officers of
the company, and the aggregate amount of such receipts and ex-
penditures shall be ascertained; and if upon such liquidation, or
when the capital stock shall be nearly expended, it shall be found
that the said capital stock will be insufficient to complete the said
navigation, according to the true intent and meaning of this act,
it shall and may be lawful for the said president, managers and
company, at a stated or special meeting to be convened for the
purpose, to increase the number of shares to such extent as shall
be deemed sufficient to accomplish the work, and to receive and de-
mand the monies for shares so subscribed in like manner, and un-
der like penalties, as are herein before provided for the original
subscription, or shall be provided by their by-laws.
17. And be it enacted, That the said president, managers and
company, shall also keep a just and true account of all the monies
received by their several and respective collectors of tolls in the se-
veral and respective locks, and all the monies received for the use,
rent or hire, of the water power, and all other emoluments, and
shall make and declare a dividend of the clear profits and income
thereof among all the stockholders, all contingent costs and charges
being first deducted, and shall, on the first Monday in January
and the first Monday in July every year, publish the half yearly
dividends made of the clear profit, and the time when and where
the same will be paid to the stockholders, not exceeding twenty
days thereafter, and shall cause the same to be paid accordingly;
and shall once in every period of three years from the passing of
this act. lay an abstract of the accounts of their receipts and dis-
bursements before the legislature, under oath, or affirmation, of the
president of the company.
18. And be it enacted, That if the president, managers and com-
pany, shall not proceed to carry on the work within four years
from the passage of this act, and shall not complete the same in fif-
teen years, according to the true intent and meaning of this act,
then and in either of those cases all and singular the rights, liber-
ties, privileges and franchises, hereby granted to said company,
shall revert to the state of Maryland; Provided always, that in
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