[ 68 ] 13 
sliding down, and sufficient to admit, at all seasons, the navigation of 
boats athi rafts, with a dcptli of four feet water at the least; and, 
whenever wastes shall be essential to the security of the said canal, 
and in no other situation whatever, along the same, the waste water 
of the said canal may be, from time to time, sold or disj)osed of by 
the said company, for the purpose of supplying such woiks and ma- 
chinery, as require a water power. And along one side, at least, of 
the said canal, and such aqueducts as it may render necessary, there 
shall be provided, throughout its whole extent, a towing path of sufti- 
cient breadth to apply the power of horses to the navigation thereof. 
Sec. 17. »Sndbeit enacted^ That it shall and may be lawful for any 
of the said stockholders to transfer his or her shares, by deed, exe- 
cuted before two witnesses, and registered, after the proof of the exe- 
cution thereof, in the company's books, and not otherwise, except by 
devise, which devise s!)all also be exhibited to the President and Di- 
rectors, and registered in the company's books i)efore the devisee or 
devisees shall be entitled to draw any part of the profits from the saiti 
tolls or dividends: Provided^ That no transfer shall be made, except 
for one or more w hole share or siiares, and not for part of such share 
or shares, and that no share or shares shall, at anytime, be sold, con- 
veyed, ov held intrust, for the use and benefit, or in the name of ano- 
ther, whereby the said President and Directors, or the stockholders 
of the said company, or any of them, shall or may be challenged, or 
made to answer concerning any such trust; but tliat every ]!erson, ap- 
pearing as aforesaid, to be a stockholder, shall, as to the others of 
the said ccsmpany, be, to every intent, taken absolutely as such; but, 
aM between any trustee and the person for whose bcnciit any trust 
shall be rieated, the common remedy may be pursued. 
Sec- 18. Jnd be it enacted, That, if the said capital, and the other 
aids already granted by this act, shall i)rove insufficient, it shall and 
may be lawful for the said company, from time to time, to increase 
the said capital, by the addition of so many whole shares as shall be 
judged necessary by the said stockholders, or a majority cf thcra 
present, at any general meeting of the said company; and the said 
President and Directors, or a majority of them, are hereby empower- 
ed and required, after giving at least two months previous notice 
thereof, in at least four of the jsewspapers printed in Virginia, Penn- 
sylvania, Maryland and the District of Columbia, to open books in 
the beforenieiitionod states and district, for receiving ami entering 
such additional subset i[)tions. in which the stockholders of the said 
company, for the time being, shall, and are hereby declared to have 
the preference of all otiiet s for the first thii-ty days after the said books 
shall be opened as afoiesaid- of taking and subscribing for so maiiy 
whole shares as any of them shall choose; and the said President and 
directors are hereby lequired to obset ve, in all other respects, the 
same rules therein, as are. by this act, prescribed for receiving and 
adjusting the fust subsciiptions, and, in like manner, to return, under 
the hands of any three or more nf them, an exact list of such addi- 
tional subscriptions, with the same subscribed, to the public authori- 
