THOMAS SWANN, ESQUIRE, GOVERNOR. 397
and shall have the power of appointing such other
officers as may be necessary or proper. |
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Sec. 6. And be it enacted. That the first an-
nual election shall be held on the first Wednesday
in April, eighteen hundred and sixty-seven, and
the succeeding annual elections on the same day
in every year thereafter; and if for any cause an
election, shall fail to be hold at the appointed time,
the Board of Directors shall appoint a subsequent
day as soon as conveniently may be thereafter for
holding such election; not less than one week's
notice shall be given in a newspaper of the city of
Baltimore of the time and place of holding any
annual election, and every stockholder shall be en-
titled to one vote for every share of stock, either
preferred or common, which he or she may hold,
and may vote in person or by proxy; vacancies in
the Board occurring after an election may be filled
by the Board, and every Board shall continue in
office until the election of another Board shall
take place. |
First annual
election when
held. |
Sec. 7. And be it enacted, That until said an-
nual election the President and Directors of the
said existing Baltimore Wrought Iron Pipe and
Tube Company in office at the time of the ac-
ceptance of this act as aforesaid, shall be the first
Board of Directors of the company hereby created,
and shall continue in office, with power to fill any
vacancies which may occur in their body until such
annual election shall be held. |
Board of Di-
rectors. |
Sec. 8. And be it enacted. That the said company
shall have a lien on the stock of every stockholder
for any debt which such stockholder may owe to
the company. |
Lien on stock. |
Sec. 9. And be it further enacted. That this
Act shall go into effect from the date of its pas-
sage. |
In force. |
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