234 LAWS OF MARYLAND.
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papers before mentioned, and choose by a majority
of the votes then present their officers for the en-
suing year, as mentioned in section three of this
Act, who shall continue in office one year and
until others are chosen, and the said stockholders
shall meet at such other times as they may be sum-
moned so to do by the Directors in such manner
and form as shall be prescribed by the by-laws,
and at the annual and special meetings they shall
have full power to do any corporate act consistent
with this charter, and the number of votes to
which each stockholder shall be entitled shall be
according to the number of shares he may hold,
each share entitling him to one vote, but no share
shall entitle or confer a right of suffrage which
shall not have been held at least one calender
month prior to the day of election, nor unless it
be holden by the person in whose name it appears
absolutely and bona fide in his own right or in right
of his wife or for his or her sole use and benefit, or
as executor or administrator, trustee or guardian,
or in the right and for the use of some copartner-
ship) corporation or society of which he or she
may be a member, and not in trust for and to the
use and benefit of any other person, nor unless all
arrearages on said share shall have been paid up,
and in all voting by proxy or attorney said proxy
or attorney shall be constituted and evidenced by
writing. |
How election
is to be conduc-
ted. |
' Sec. 5. And be it enacted, That the election of
officers aforesaid shall be conducted in the follow-
ing manner, that is to say, the directors for the
time being shall appoint three of the stockholders
not being directors, to be judges of the said elec-
tion, and to conduct the same after having sever-
ally taken and subscribed an oath or affirmation
before a Judge or Justice of the Peace, will and
truly and according to law to conduct such elec-
tion; and the said Judges or a majority of them
shall decide upon the qualifications of the voters,
and when the election is closed shall count the
votes and declare who has been elected; and if it
shall at any time happen that an election of any
one or all the officers of said company shall not be
made, the corporation shall not for that cause be
deemed to be dissolved, but it shall be lawful to
hold and make such election for President and Di- |
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