deemed expedient, and the President shall have
power to call special meetings of tile stockholders
whenever thereto requested by a majority of the
Directors.

Authority to
receive sub-
scriptions and
close books.

Sec. 6. And be it enacted, That to carry out the
provisions of this act and to organize the said cor-
poration, Louis Turner, Sr., George Colton, John
S. Hogg, William Rex, J. Thomas Tucker and
John D. Thomson are authorized and appointed to
receive subscriptions to the capital stock thereof,
and the first instalment thereon, and as such are
hereby authorized to close the subscription books
of said company when the said capital stock shall
be fully subscribed, or in case that said capital
stock shall be over subscribed, to distribute and
apportion the same among the subscribers as the
said persons so appointed as aforesaid to distribute
may deem propel, and when the capital stock shall
have been subscribed for and the instalment has
been paid thereon, by a notice published in some
newspaper printed in Baltimore three weeks before
the time of meeting, the said subscribers may
meet together at the time and place named in said
call, and adopt such by-laws, rules and regula-
tions as may be necessary and convenient for com-
mencing and carrying on business under this act;
they may also at the same time, or some subsequent
time, choose a board of directors in the manner
hereinbefore prescribed, who shall hold their of-
fices with all the powers given to directors by tins
act, until others are chosen to supply their places,
and when the by-laws have been adopted and the
directors have been chosen as aforesaid, and when
the board of directors shall have been organized
by the choice of a President and Secretary, the
said corporation may exercise all the powers and
privileges confered by this act.

President,
Vice-President
and Secretary
to be chosen.

Sec. 7. And be it enacted, That the directors may
choose a President, Vice-President and Secretary
of their corporation, and appoint such other offi-
cers, clerks and agents, and establish such agen-
cies in this State and elsewhere as shall be by them
deemed advisable for conducting the business of
the company, fix their compensation, and take
bonds from any and all of them for the faithful
performance of their duties, and make such cove-