The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1854-01-28
of the stockholders, until the said road shall be

OF the stockholders, until the said road shall be
completed and until all costs, charges and cx-
penscs of constructing the same shall be fully
paid and discharged, and the aggregate amount
of such expenses shall be asccrtaincd and IL
quidatcd; and upon such liquidation, or when
the capital stochslall b. cxpcnl Jed it shall and
may be lawfalisr the president, managers and
company, to, such an cxtcn. as NAY be deemed
necessary to accomplish the works, to enlarge
the capital stock of said company and receive
subscriptions Oh the original eggs a; b. fore
pIcYilel for III the second, third and iiiti Sc.
tons of +his act: and it shall Dc lawful Es. iii.
stockholders, i'll general meeting as herein pro-
yid.d Tor, to authorize .hc said president and
managers 20 borrow IiO.icy fJr the purposes O {
TIC roal, and To pie &c or mortgage the said
road and i.sipvenucs as security therefor, if to
the said prcsidrn. and managers such lean Shall
bcd,cncl advisable to accomplish the purpos-
os Of this act of incorporation.
SEC. Is. -iti be HeaLt2l, Tia. The company
snail cause mile stones to b. placed al the side
! of said road, beginning NJ The d;staa"c CT one
mile from TIC SOL hcrn end Of sad road and en-
tending thence to the end Of said road, w'i,;,oil
shall b, wo.iicd or painted in plain, legihe
characters, the number of miles each stn!ic i
from tao toxin Of Elllton and :,Any person .'llal
wi,Iulf destroy one o. said mile -,oAcs, or de-
face tie same. or shall without the permission
Of The aching supclintcrd,nts Of sail real,
! throw upon the v2al and su.far 70 -rma:a for
the space Of one day any mud, dirt or T.'bsh
Of any kind so as to obs.wct The free passage
thereof, such person being con"c.cd tirnofby
the evidence CT one or more credible and disin-
tcrcs.cd Witness, before any justice ofthc pace
of the county, he shall be aljud red b., the said
justice to pay fine no. exec linz ten d,llarS,
to be recovered with costs, whi:h fine When re-
covered Shall be Ifail to the treasurer of the
company for the use Of said company.
SIC. II. Nd b. i eaqcttI, That The p.c,l.n.
and managers Of said company, shall KEEP
! just and fall account Of all monies received BY
them from their respective toll gaLhcrtrs, al
their several and respective gates on said read
which account shall bc upon ,.slh or llrna;on
AS the case may b., when required and shall
make Il clear dividend of thp in"om, anl 81, ar
profits thereof among the Ssocihold ~, viii:
dividend shall be declared half yearly, to VII.
in thc months Of January and July, all pub
liShed AMI paid accordingly; PrJsi'i, h0r.
?"sr, the said president antl managers; may
reserve such part o: paris Of The 81 ~ profits
"a they may deem proper 20 constitute II fan!
for rvlayin@ the plank when ii my become
necessary, O. for o,hcr repair; and Improve,
mcnS on such road.
SEC. Is. IH be il cilc:y', TIA. i. shall not
be lawful for said com%any to ask, ,lemanl or
receive of or from any PERSIA. orperSols, with
IN The lines OF whose l,at, any cate may BE-
erected, any toll for passing from one part 10
another part OF said land along said roa,l
SIC. -. Ind b. il enacted, That nothing in
this act Shall be so construed, as to ALLOW said
company to issue any note, token, scrip, GER
tiicatc, Or other evidence of debt to be used
as currency.
SEC 20. .A,l he 1t carried, That this &c. Of
incorporation Shall continue in force for fifty
years, and that The General Assembly hereby
reserves the righ. to alter, amend, or rcpcal
this act at pleasure; pnc that this act Shall
take eff Get from and after lis passage