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six years after the first opening of the books, the said Com-
missioners, or any two of them, shall call a general meeting
of the subscribers, at such time and place as they may ap-
point, and shall give at least twenty days public notice
thereof, and at such meeting the said Commissioners shall
lay the subscription books before the subscribers, then and there
present, and thereupon the said subscribers, or a majority of
them shall elect five directors by ballot to manage the affairs
of said company, and these five directors, or a majority of
them, shall have the power of electing a President of said
company, either from amongst the directors or others, and
of allowing him such compensation for his services as they
may deem proper; and that in said election, and on all other
occasions wherein a vote of the stockholders of said company
is to be taken, each stockholder shall be allowed one vote for
every share owned by it, him or her, and every stockholder
may denute any other person to vote and act for it, him or
her, as its, his or her proxy, and the Commissioners afore-
said, or any two or more of them, shall be judges of the said
election of directors.

Sec. 6. And be it enacted, That to continue the succession
of the President and directors of said company, five directors
shall be chosen annually on the second Monday in October,
in every year, in the town of Cumberland, by the stochold-
ers of said company, and that the directors of said company,
or a majority of them, shall have power to appoint judges of
all elections, and to elect a President of said company, either
from amongst the directors or others, and to allow him such
compensation for his services as they may deem proper; and
if any vacancy shall occur by death, resignation or refusal to
act, of any President or director before the year for which he
was elected has expired, a person to fill such vacant place for
the residue of the year, may be appointed by the President
and directors of said company, or a majority of them, and
that the President and directors of the company, shall hold
and exercise their offices until a new election of President
and directors, and that all elections which are by this act, or
the by-laws of said company, to be made on a particular day,
or at a particular time, may be made at any time within
thirty days thereafter.

Sec. 7. And be it enacted, That a general meeting of the
stockholders of said company shall be held annually, at the
time and place appointed for the election of the President and
directors of said company; that they may be called at any
time during the interval between said annual meetings by
the President and directors, or a majority of them, or by the
stockholders owning at least one-fourth of the whole stock
subscribed, upon giving thirty days public notice of the time
and place of holding the same; and when any such meetings
are called by the stockholders, such notice shall specify the