THOMAS SWANN, ESQUIRE, GOVERNOR. 235
rectors, Treasurer or other officers, on the same
day, or upon any day thereafter by giving ten
days notice at least thereof, signed by the Presi-
dent or Secretary, in the newspapers as before
mentioned, of the time and place of holding said
election, and the President and Directors and
other officers last elected shall continue to act and
be invested with all the powers belonging to their
respective situations until another election shall
take place; in case of death, resignation, refusal,
or neglect to act, or removal from the State of any
officer, his place shall be filled by the Board of |
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Directors, until the next annual election; provided,
the removal from the State of any Director shall
not operate to vacate his place, should there be a
majority of the Directors still residing in the
State. |
Proviso. |
Sec. 6. And be it enacted, That the President
and Directors shall hold their meetings in the
town of Centreville, or such other place in the
State of Maryland as the stockholders shall di-
rect, and when met six shall be a quorum, who in
the absence of the President may choose a chair-
man; and the said Directors shall annually, or
oftener in case of a vacancy, appoint a Secretary,
who shall keep minutes of their transactions
fairly entered in a book, and a quorum of the said
Directors being found present, they shall have
power and authority to appoint all surveyors, en-
gineers, superintendents, and other artists, and
officers as they may deem necessary to carry on
the intended work, and to fix their salaries and
wages, to ascertain the times, manner and propor-
tions in which the said stockholders shall pay the
money due on their respective shares, to draw or-
ders on the Treasurer for the same which shall be
signed by the President, or in his absence by a
majority of the Directors present, and counter-
signed by the Secretary, and generally to do all
such other acts, matters and things as by this Act
and by the by-laws and regulations of the com-
pany they are authorized to do. |
Where Meet-
ings are to be
held. |
Sec. 7. And be it enacted, That the President
and Directors shall procure certificates or evi-
dences of stuck for all the shares of said company,
and shall deliver one such certificate, signed by |
Certificates
of stock to be
procured. |
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