Gratz v. Redd

The Legislature of this Commonwealth, by act approved the 27th day of January, 1830, incorporated a 1 . .,,. ,, , , , company, with a capital oí one million ot dollars, to be rajgec[ subscription, in shares of $100 each, to make a rail way from Lexington to-the Ohio river; fixed the tolls they were authorized to cffarge for passengers, transportation, &c. and authorized them to commence running their cars and charging tolls as soon as fifteen miles of the road should be completed.

By the 22d section it is provided, “that the President and Directors shall annually or semi-annually, declare and…