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Proceedings and Debates of the 1867 Constitutional Convention
Volume 74, Volume 1, Debates 479   View pdf image (33K)
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executed by said company in pursuance of the act of 1844,
chapter 281, and their successors, and for two directors to
be nominated in writing by the trustees of the scriphold-
ers and other creditors of said company except the State
of Maryland and the State of Virginia, and the holders of
repair bonds (the mode of appointing which trustees is
hereinafter provided for; ) but no person shall be chosen
as president of said company who shall not have been for
five years next preceding his election a citizen of the State
of Maryland and a resident of Allegany county; and four
of the directors shall be citizens of the State of Maryland
and residents of the counties of Allegany, Washington,
Frederick or Montgomery, and one a resident of the Dis-
trict of Columbia; but not more than two of said directors
shall be residents of the same county at. the time of their
election, or during their continuance in office.
Sec. —. As soon as practicable after the adoption of
this constitution one or more of said creditors may give
notice, to be published for three weeks successively in
one or more newspapers printed in the counties of Alle-
gany, Washington, Frederick and Montgomery, and in
any other papers it deemed expedient, of a general meet-
ing of said creditors to be held in the city of Cumberland
on a day to be named in said notice, for the purpose of
electing three trustees to represent said creditors, and
make the nomination in writing from time to time of said
two directors to the board of public works, and said trus-
tees shall be elected for two years and until their suc-
cessors are elected, and at the first meeting of said cred-
itors they shall fix such time and place of holding their
next and other meetings for the election of trustees, in
such manner of giving notice thereof as they may deem
expedient, and at all meetings of said creditors a majority
in amount of the debts represented at the meeting shall
be sufficient to elect said trustees, or decide any proposi-
tion that may come before the meeting, and the evidence
of the right of any one to participate as a creditor in said
meetings shall be the scrip or certificate of the secretary
of the company, or an authenticated copy of a judgment
against said company, or such other evidence of indebted-
ness of said company as said creditors at such meetings
may deem sufficient.
479


 
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Proceedings and Debates of the 1867 Constitutional Convention
Volume 74, Volume 1, Debates 479   View pdf image (33K)
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