Section 10

Act 515 of 1850, § 10, under WHARVES AND DOCKS - CONSTRUCTION OR EXTENSION - LICENSE - PHILADELPHIA.

Act 515 of 1850, § 10

Section 10. The said president and directors shall keep just and true accounts of all tolls received by their respective collectors of tolls for crossing said bridge, and shall make and declare a dividend of the profits and income thereof among all the stockholders of said company, in proportion to the shares respectively held by each, and deducting therefrom all contingent costs and charges and such proportions of said income as may by them be deemed necessary for a growing fund for repairing or re-building said bridge, and shall on the first Monday of January in each year publish the dividends to be made of the clear profits thereof among the stockholders, and of the time and place when and where the same shall be paid, and shall cause the same to be paid accordingly: Provided, That no dividends of profits shall be declared until all the expense of building and constructing said bridge shall be fully paid.