JOHN WALTER SMITH, ESQ., GOVERNOR.

meetings of the stockholders shall be given in some newspaper
published in Baltimore City, unless the giving of such notice
shall be waived by all stockholders of the said corporation.

631

SEC. 5. And be it enacted, That the board of directors shall
have power to make all by-laws, rules and regulations necessary
for conducting the business of the said corporation; all by-laws,
rules and regulations so made may be repealed, altered or
amended by the stockholders; the board of directors shall
have power to require payments from each and every stock-
holder of the amount unpaid on the stock of the company held
by such stockholder at such time and on such terms as they

Power to make
by-laws, rules
and
regulations.

may think proper; the directors shall have power to declare
such dividends out of the profits of the corporation as they
may deem proper; provided, no dividend shall be declared
when the capital stock will be impaired thereby.

Dividends.

SEC. 6. And be it enacted, That the said corporation shall also
have the following powers: To own and operate one or more
dredging machines and all machines and appliances proper or j
necessary to be used and operated with such machine or
machines, and to carry on the business of dredging in all its
branches, and to transport, sell, deal in and otherwise dispose
of or use the sand, gravel and other materials so acquired,
and also to acquire in any other manner sand or gravel, and
the same to transport, sell, deal in or otherwise dispose of,

May own and
operate dredg-
ing machines,
etc.

and also to carry on business as general contractors, and as
such to undertake and perform any contract or agreement for
the construction, erection, repair or improvement of buildings,
public works and conveniences, and private enterprises and
improvements of any and all kinds whatsoever.

General

contractors.

SEC. 7. And be it enacted, That the directors of said corpora-
tion shall have power to change the corporate name thereof
at any time hereafter; provided, the holders of two-thirds of
the stock then issued shall vote in favor of such change at a
special meeting, duly called for that purpose, and that such
change shall be valid and effectual upon the filing for record
with the Clerk of the Superior Court of Baltimore City a cer-
tificate signed by a majority of the said directors and the
president of the said corporation, certifying to such change
and setting forth the new corporate name of said body cor-
porate.

SEC. 8. And be it enacted, That the said corporation shall
have and enjoy all the general powers, provisions and privi-
leges contained in Article 23, of the Code of Public General
Laws of Maryland, so far as the same may not be inconsistent

Power
to change the
corporate
name.