JOHN WALTER SMITH, ESQ., GOVERNOR,

company, a general meeting of the stockholders shall be held
annually on the first Monday in January; at which meetings
a board of directors shall be elected, as aforesaid, to serve for
one year, or until their successors shall be elected; and other
meetings may be called of the stockholders by the president
and directors, or a majority of them, according to such rules
as may be adopted by the by-laws of said company; and the
board of directors may meet as often as may be necessary
for the transaction of the business of the company.

649

SEC. 6. And be it enacted, That the company hereby incor-
porated shall have power, with the consent of the County
Commissioners of Garrett County, and o£ the municipal
authorities of any incorporated town or village having charge
and control of the roads, lanes, alleys and streets, along and
upon which it may erect its poles and construct its lines, shall
have power to make and construct telephone lines, and to
establish connections by telephone between any of the towns,
villages and hamlets in Garrett County, Maryland, and
between any other points the said company may select, and to
establish offices for the receiving and sending messages over
the routes of its several lines; provided, however, should said
corporation extend its operations into Baltimore City it shall
be subject to the provisions of Chapter one hundred and
twenty-three of the Acts of the General Assembly of eighteen
hundred and ninety-eight.

Power to make
and construct
telephone
lines, etc.

SEC. 7. And be it enacted, That the directors of said com-
pany shall have power to adopt such by-laws, rules and regu-
lations for the direction and management of said company as
may, in their judgment, be necessary for the purposes of their
incorporation, not inconsistent with the provisions of this
charter and the laws and Constitution of this State; and the
president and directors of said company, or a majority of
them, shall constitute, appoint and employ such officers,
agents and servants for the construction, preservation and
repair of said telephone lines, and for the receipt and collec-
tion of bills for messages, and the transaction of all other
business of said company as in their judgment may be neces-
sary; and to take and accept bonds from such officers, agents
and servants in such penalty as the said directors may desig-
nate, conditioned for the faithful discharge of the duties of
said officers, agents and servants, respectively.

Authority to
adopt by-laws,
rules and
regulations.

SEC. 8. And be it enacted, That the commissioners named
in this Act and the president, directors and other officers of
said company be and they are hereby authorized to receive
and accept in payment to any subscription to the capital stock of

Subscriptions
lo capital
stock may
consist of tele-
phone lines,
etc.. already
erected.