appoint a Secretary, and such other officers, clerks
and agents as may be necessary for the transaction
of the business of the company, and allow such
salaries and. compensation as they may judge rea-
sonable, and remove them at pleasure.

General meet-
ings.

Sec. 6. And be it enacted, That the President
and Directors may call a general meeting of the
stockholders for any purpose relative to the affairs
of the company, giving ten days notice thereof in
two daily newspapers of the City of Baltimore,
and any number of stockholders not less than five,
holding together not less than four thousand
shares, may at any time apply to the President
and Directors to call a general meeting of the
stockholders for any purpose relative to the affairs
of the company, and if the President and Direc-
tors refuse to call such meeting, the stockholders
representing said number of shares shall have
power to call a general meeting of the stockhold-
ers, giving ten days notice in said newspapers,
specifying in such notice the object of such
meeting.

Liability of
stockholders.

Sec. 7. And ie it enacted. That no stockholder
in said company shall be answerable in person or
individual property for any contract or agreement
of said company, or for any losses, deficiencies or
failures of the capital stock, but the whole of said
capital stock, together with all property, rights
and credits belonging thereto, and nothing more,
shall at any time be answerable for demands
against the company, the stock of the company
may be assigned and transferred on the books
thereof in person or by power of attorney, but no
stockholder indebted to the company shall be per-
mitted to make a transfer or receive a dividend
until such debt is paid to the satisfaction of the
President and Board of Directors.

Books to be
opened.

Sec. 8. And be it enacted, That as soon as prac-
ticable after the passage of this Act, the persons
named in the first section thereof or a majority of
them, shall open the books for the subscription to
the capital stock of said company at some suitable
place or places in the city of Baltimore, of which
public notice shall be given, and shall keep the
same open for two weeks or until forty thousand
shares are subscribed and taken.