478

LAWS OF MARYLAND.

lished in Annapolis and one in Ellicott City, or by
notice posted at such public places as he may deem
proper, of the election which shall he held on the
first Tuesday in April in each and every year, for
thirteen Directors of the Company, who shall he
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 dis-
solved, but such election may be held at such sub-
sequent time as may be selected by the Board of

Vote.

Directors, or a majority of them, and at all such
elections each member shall have one vote, either
in person or by proxy.

Constitution,
how made.

Sec. 8. 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 and 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

Two-thirds
vote.

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-law that may
be thus made shall be binding on all the members
of the Company.

General meet-
ing.

Sec. 9. And be it enacted, That it shall be the
duty of the President, whenever required in writ-
ing by not less than twenty members of the Com-
pany, other than the Directors, to call a general
meeting of the members by giving notice as in case
of election for Directors, for the transaction of such
business as may be specified in the said written re-
quisition, and any resolutions or proceedings passed
or had at such meetings by not less than two-thirds
of the members who shall be present, shall be bind-
ing on the President and Directors and members
of the Company.

Limit.

Sec. 10. And be it enacted, That this charter
shall be in force and effect until the first Monday
in January, in the year nineteen hundred.

Sec. 11. And be it enacted, That whenever a loss
shall occur which the said Company are liable to
pay, it shall be the duty of the Directors, at their