642

LAWS OF MARYLAND.

business, and when so prepared to exercise a gen-
eral superintendence of the affairs of the Company ;
and the Board of Directors above named, and any
other Board of Directors that may be hereafter
elected as hereinafter provided for, shall have au-
thority to allow any officer or officers in the em-
ploy of the Company such salaries, fees or com-
pensation as they may deem proper, and all officers
of the Company, other than Directors, shall be
appointed annually by such Directors as shall be
present at the first meeting of the Board after the
annual election of Directors, and in case of any
vacancy or vacancies occurring in the Board of
Directors at any time or times from any cause
whatsoever, such vacancy or vacancies shall be
filled by the remainder of the Board until the
time of holding the next annual election.

Election.

Sec. 6. And be it enacted, That it shall be the
duty of the President or Secretary of the said
Company, annually, to give notice of at least two
weeks by advertisement in some newspaper pub-
lished in Prince George's County, of the election,
which shall be held on the first Monday in Jan-
uary in each and every year, for thirteen Directors
of the Company, who shall be members thereof,
but in case such election should from any cause
not be held on the said day, the Company shall
not in consequence thereof be dissolved, but such
election may be held at such subsequent time as
may be selected by the Board of Directors, or a
majority of them ; at all such elections each member
shall have one vote, and may vote either in per-
son or by proxy.

Constitution
and by-laws.

Sec. 7. And be it enacted. That the Constitution
and by-laws of the said Company shall only be
made by the concurrent vote of at least two-thirds
of the whole Board of Directors, exclusive of the
President, and any amendment or alteration of the
Constitution or by-laws shall only be made by a
general meeting of the members of the Company
convened in pursuance of public notice given as in
cases of election for Directors, when each member
present shall have one vote, and two-thirds of the
votes thus given shall decide, and any amendment
or alteration of the Constitution or by-laws that
may thus be made shall be binding on all the
members of the Company.