or at a particular time, if not made on such a day or such
a time, may be made at any time three months thereafter :
Provided, however, That a failure to hold an annual meeting
of the stockholders for the purpose of electing Directors, or a
failure to elect Directors during any one or more years, shall
not be held or taken to make a forfeiture or to constitute an
abandonment of this act of incorporation. But the Directors
chosen at any time shall continue to hold and exercise the
office until such time as a new election shall be made accord-
ing to the provisions of this act.

General Meetings to lie held Annually.

SEC. 7. And "be it enacted, That a general meeting of the
stockholders shall be held annually at the time appointed for
the election of President and Directors of the said company;
and general meetings of the stockholders may be held at any
time during the interval between the said annual meetings,
by the President and Directors, or a majority of them, or by
stockholders owning at least one-fourth in amount of the
stock actually subscribed, upon giving thirty days' public
notice of the time of holding the same; and when such meet-
ing may be called by the stockholders, the notice shall specify
the object of the call; and if, at any such called meeting, a
majority in value of the stockholders are not present in per-
son or by proxy, the meeting shall be adjourned from day to
day, without the transaction of any business, for any time
not exceeding three days; and if, within three days, stock-
holders having a majority of the stock subscribed do not at-
tend, the meeting shall be dissolved; and all general meet-
ings of the stockholders shall be held at the place where the
principal office of the company, for the transaction of busi-
ness, shall be located; and said place shall be within the
State of Maryland.

Statement to be Exhibited,

SEC. 8. And be it enacted, That at the annual meeting of the
stockholders, the President and Directors in office for the pre-
ceding year shall exhibit to the stockholders a clear and dis-
tinct statement of the affairs of said company; that at any
called meeting of the stockholders, a majority of them pres-
ent in value may require similar statements from the Direc-
tors, whose duty it shall be to furnish them when thus re-
quired; and at all general meetings of the stockholders of the
company, a majority in value of the stockholders may remove
from office the President, or any directors of the company,
and elect others in their stead.

May open Books for Additional Subscription.
SEC. 9. And be it enacted, That if the entire stock of the
said company, provided for in the second section of this act,
be not subscribed before the first election of Presinent and
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