Report of the Committee to Whom Were Referred Sundry Petitions, Praying that the Schuykill Permanent Bridge Should be Made a Free Bridge

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Page 3 - Subscribers into one body politic and corporate, in deed and in law, by the name style and title of the President Directors and Company for erecting a permanent Bridge over the River Schuylkill at or near the City of Philadelphia...
Page 6 - ... and if the said fund shall not be adequate to the purpose last mentioned, the legislature may, at the expiration of the said twenty-five years, declare it a free bridge (providing at the same time the means of keeping it in repair) and the company shall be obliged to take such sum of money therefor, as shall be allowed on a fair appraisement by...
Page 7 - ... freeing the bridge shall also be received and invested in like manner ; but if by the operation of the fund herein proposed, there shall be a sufficient sum to free the bridge at a period less than the said twenty-five years, then it shall be redeemed and become free on the stockholders being paid the appraised value thereof, and of the profits thereof for the residue of the said term of twenty-five years, which may then be unexpired ; " and if the said fund shall not be adequate to the purpose...
Page 6 - ... the like appraisement shall take place, when the sinking fund is adequate to the redemption of the bridge and the establishment of a revenue, if a toll be not thought more eligible,' for keeping the bridge in repair; but if the said bridge shall not be redeemed, and paid for as a free bridge, before or at the expiration of the said term of...
Page 6 - that when a good and complete bridge is erected over the said river Schuylkill, at or near the city of Philadelphia, at a place deemed most convenient. as hereinafter mentioned, the property of the said bridge shall be vested in the said president, directors and com pany, and their successors, during and unto the end of twenty-five years, to commence from the time when the bridge is completed.
Page 2 - No. 196, accompanied with the following resolution, viz.: Resolved, That the committee be discharged from the further consideration of the subject. And on motion the said resolution was read the second time; when a motion was made by Mr.
Page 6 - ... also added to this fund ; and all private donations for freeing the bridge shall also be received and invested in like manner ; but if by the operation of the fund herein proposed, there shall be a sufficient sum to free the bridge at a period less than the said twenty-five years, then it shall be redeemed and become free on the stockholders...
Page 6 - ... annual profit; the excess shall compose a fund for the redemption of the bridge, so as to render it free, save that there shall always be a small toll, or other...
Page 6 - ... years, the said corporation may and shall continue to hold the same on the terms of this act beyond the said term, and until the same shall be redeemed and paid for in manner herein directed.
Page 6 - That when a good and complete bridge is erected over the said river Delaware, at the place aforesaid, the property of the said bridge shall be vested in the said company...

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