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The DC Code: § 47-1014 Chesapeake and Ohio Canal.

Index47 Taxation, Licensing, Permits, Assessments, and Fees. (Refs & Annos)

For and in consideration of the expenses the said stockholders will be at, not only in cutting the Chesapeake and Ohio Canal, erecting locks and dams, providing aqueducts, feeders, and other works, and in improving and keeping the same in repair, the said Canal and all other works aforesaid, or required to improve the navigation thereof, at any time hereafter, with all their profits, subject to the limitations herein provided, and to none other, shall be, and the same are hereby, vested in the said stockholders, their heirs and assigns, forever, as tenants in common, in proportion to their respective shares, and be forever exempt from the payment of any tax, imposition, or assessment whatsoever.

Historical and Statutory

Prior Codifications 1981 Ed., § 47-1014. 1973 Ed., § 47-807. DC CODE § 47-1014 Current through December 11, 2012

Credits

(General Assembly of Virginia, Jan. 27, 1824; 4 Stat. 796, Appendix I, § 9; Mar. 3, 1825, 4 Stat. 101, ch. 52; enacted, Apr. 9, 1997, D.C. Law 11-254, § 2, 44 DCR 1575.)