THOMAS SWANN. ESQUIRE, GOVERNOR. 413

deem necessary, proper or convenient for conduct- ing the affairs of the corporation hereby enacted.
Sec. 2. And be it enacted; That the objects of said corporation are declared to be the cutting, storing and selling of Ice, and for which purpose they are hereby authorized and empowered to rent, purchase, hold and sell land in fee simple or otherwise, necessary for the conducting of the said business, and to erect thereon all needful and con- venient buildings, water-sheds, conduits, dams	Object.
and gates ; that the capital stock of said corpor- ation shall not be less than two hundred thousand nor more than four hundred thousand dollars, in shares of ten dollars each, and that at all meet- ings of the stockholders, each share of stock shall be entitled to one vote.	Capital stock.
Sec. 3. And be it enacted, That for the manage- ment of the affairs of said Company, the stock- holders shall annually elect five directors, who shall be residents of the State of Maryland, who shall hold their office for one year, and until their successors are elected, a majority of whom shall form a quorum for the transaction of business, and that the directors shall appoint a President and	Directors.
Secretary, and such other officers as may hereafter be deemed necessary, and whose term of service and duties shall be regulated by the by-laws.	President.
Sec. 4. And be it enacted, That the annual meet- ings for the election of directors may be held at such time and place, and upon such public notice as may be prescribed by the by-laws, and that the stockholders representing a majority of the stock, may call special meetings of the Company at such time and place, and upon such notice as may be prescribed by the by-laws. And they shall give at least thirty days notice of the time of opening the books of subscription to the stock, to be pub- lished daily in one newspaper in the City of Bal- timore.	Annual meet- ing.
Sec. 5. And be it enacted, That the stock of said Company shall be deemed personal, estate, and that all property estate and joint stock of the cor- poration shall be bound and answerable for its debts and liabilities.	Personal estate.