THOMAS SWANN, ESQUIRE, GOVERNOR. 221

pany hereby incorporated, and for carrying the
objects of this Act into effect ; provided only, that
such by-laws shall not be contrary to the laws of
this State or the provisions of this Act.

Sec. 8. And be it enacted, That at the regular
annual meeting of stockholders, the President and
Directors in office for the preceding year shall ex-
hibit a clear and distinct statement of the affairs
of the Company, and at any called meeting of the
said stockholders a majority of those present may
require statements from the President and Direc-
tors, whose duty it shall be to furnish them when
thus required ; and at all general meetings of the
stockholders a majority in value of stockholders
in said Company may remove from office any Pre-
sident or any of the Directors of said Company
and may appoint others in their stead.

Statement.

Sec. 9. And be it enacted, That a general meet-
ing of the stockholders may be called at any time
by the President or a majority of the Directors,
after having given thirty days notice as herinbe-
fore provided, but a majority of the stockholders
holding a majority of the capital stock of said
Company shall be required to transact any busi-
ness in such meetings of stockholders.

General meet-
ing.

Sec. 10. And be it enacted, That the President
and Directors of said Company shall have power
to open, enlarge and deepen a channel, or canal,
across the bar or obstructions in the Choptank
River, in front of the town of Cambridge and the
present wharf and into the Cambridge Creek to
the head thereof, to clear out said creek and chan-
nel to any width and breadth that may be deemed
necessary or expedient for a safe and convenient
harbor for steamers or any other vessels, and to
erect wharves at the end of any of the streets in
the town of Cambridge running down to said
creek where no wharves are now constructed, and
make proper channels leading thereto.

Remove ob-
structions.

Sec. 11. And be it enacted, That for the purpose
of cutting said channel or canal, deepening said
harbor and other purposes provided by this Act,
the said Company is hereby authorized to borrow
money to any amount not exceeding ten thousand
dollars, the interest thereon to be paid semi-

Borrow
money.