The aegis & intelligencer. [volume] (Bel Air, Md.) 1864-1923, 1868-11-20

the object of said Company is the trans
porIation of passengers and freight across
the Susquehanna River, from Hayre de
Grace to Perryville in Cecil county, and
for such object the said corporation is
hereby authorized TO rent, purchase and
hold all necessary wharves, buildings, ma
terials, boats, SC: which may be deemed
necessary FOR the transportation aforesaid.
See. 3 And be itfurher enacted, That
the stockholders in said Company shall
annually elect five Directors, one of whom
shall be selected as President by the Di-
rectors at their first meeting after such
election, and the said President and Direc-
tors are hereby authorized and empowered
to manage the business of said company,
to make rules, regulations and bylaws
for the conduction of its affairs, to appoint
all officers and agents for the management
of its business, and to fix Their compensa-
tons, to make contracts, and to regulate
the salary ofthe President aforesaid, as to
them may seem expedient.
Sec. A. And be it further enacted, That
the capital stock of said company shall
not exceed The sum of twenty thousand
dollars, and the shares shall be one hun
dred dollars each, and for the purpose of
obtaining them, the said corporators or
any two of them, are hereby appointed
Commissioners and authorized to eceive
subscriptions and payments for the shares
of the capital stock in said Company, and
so soon as fifty shares shall have been
subscribed for, and the money for the same
paid in, the said Company may commence
operations, and the said Commissioners
shall act as Directors of said Company,
with Jesse Hills as President from the
time of going into operation, for the spcce
Of six months, when a meeting of the
stockholders shall be called, after due no.
,ice, for the election Of Directors TO serve
for the term Of twelve months from the
time of their election, and until their sue
cessors are elected and qualified.
Sec. 5. And be it further enacted, That
j! shall and may be lawful for the said COM
pany to demand and receive tolls not ex-
ceeding the following rates: For each
two wheel vehicle drawn by two horses,
oxen or mules, the sum Of one dollar and
fifty cents for each two wheel vehicle
drawn by four horses, oxen or mules, the
sum of one dollar and twenty-five cents
for each four wheel vehicle drawn by two
horses, oxen or mules, the sum of two dol
lars for each four-wheel vehicle drawn
by four horses, oxen or mules, the sum
Of two dollars and fifty cents for each
two-wheel vehicle drawn by one horse,
oxen or mule, seventy-fve cents; for each
horse or mule and rider, thirty-fve cents
for each head of horned cattle, fifteen
cents; for each sheep or hog, ten cents
for each foot passenger fifteen cents; and
for all other articles sum not exceeding
five per cent. of their value, and it shall be
the duty of the said company to post in
conspicuous place at its wharves and on
its boats, a printed schedule of its charges,
not exceeding the rates aforesaid.
Sec. 6. And be it further enacted, That
until the regular appointment of Treasurer
by the Directors, Littleton Green is hereby
authorized to receive and receipt for all
moneys that may be paid in under the
provisions of this Act.
Sec. z. And be it further enacted, That
the stock of this company shall be deemed
personal estate, and that all the property,
estate and joint stock of the company
shall be answerable for its debts and liabil-
lilies.
Sec. 8. And be it further enacted, That
in case any Of the Commissioners afore-
said shall die, resign or decline TO serve,
the remaining members are hereby author
lied and empowered to fill the vacancy.
Sec. 8. And be it fnrther enacted, That
nothing in This Act contained shall be con.
strued as granting banking privileges to
said Company.
Sec. TO- And be it further enacted, That
this Act shall take effect from the date of
its passage, and the right to amend, alter
or annul this Act is hereby reserved to the
General Assembly. ~ sf
approved March 20, 1868. s.a
gu