ter notice as aforesaid, and every share of said
stock shall be entitled to one vote, the President
and Directors may direct the time and manner of
the payment of instalments on said stock and the
amount thereof, in all meetings of the stockhold-
ers a majority of the stock subscribed, represented
either in person or by proxy shall constitute a
quorum for business, the President and Directors
shall be stockholders, and upon ceasing to be such
their respective offices shall become vacant; a
quorum of the stockholders may at any meeting call-
ed for the purpose, after twenty days notice, dis-
solve said corporation and take measures for the
sale of their property, and general winding up
and settlement of the concern, having due regard
to the payment of their debts in the order of their
priority as provided by law, the President and Di-
rectors may select any name for said Hotel which
they may think proper, and locate the same at any
point within the limits of Annapolis, as may ap-
pear best in their judgment.

Stockholders
may agree to
dissolve.

Sec. 5. And be it enacted, That this law may be
altered or repealed by the General Assembly at
will, but the stockholders may agree to dissolve the
corporation, sell their property and settle up the
business of the concern in case they do not assent
to any proposed alteration in their charter, and in
case of the repeal of the charter they shall also
have the right to settle up the affairs of the cor-
poration in the mode hereinbefore provided.

In force.

Sec. 6. And be it enacted. That this Act shall
take effect from the day of its passage.