496

LAWS OF MARYLAND.

be made, and said Directors shall have full power
and authority to elect by ballot one of their num-
ber President and a Treasurer for said Company,
and the said Directors shall hold their office until
their successors are elected and qualified, which
election shall be held annually thereafter; and
the Directors for the time being shall give public

Officers
hold over.

notice at least thirty days previous to each election
thereafter, and in case an election should not be
held on the day when according to the provisions
of this Act it ought to be held, the said corpora-
tion shall not for that reason be dissolved, but it
shall be lawful on any other day to hold such elec-
tion, after such notice as may be prescribed by the
by-laws of said corporation; and in case of the

Vacancy.

death, resignation or removal of a President or
Directors, the said Directors shall elect another
person to supply the vacancy for the remainder of
the year.

By laws.

Sec. 4. And be it enacted. That the said Presi-
dent and Directors shall be authorized to make
such by-laws, rules and regulations as may be
necessary for the said Company;provided, such
rules are not inconsistent with the laws of this

Appoint
officers.

State or the United States, and to appoint such
agents or officers as may be deemed necessary.

Name.

Sec. 5. And be it enacted, That the said stock-
holders and their successors shall be and they arc
hereby declared to be incorporated by the name of
the Berlin Bridge Company, and by that name
may sue and be sued in any court of this State.

Installments.

Sec. 6. And be it enacted, That the President
and Directors shall not be authorized to call upon
the stockholders for a greater sum than ten dollars
per share at any one time, not at least until they
have given tea weeks' notice of such call, and in
case any stockholder shall neglect to pay his por-

May collect by
law.

tion of his subscription at the time so appointed,
the President and Directors may proceed to collect
the same by law.

Issue bonds.

Sec. 7. And be it enacted, That the President
and Directors shall have power to issue the bonds
of said Company in sums of one hundred dollars
each, bearing six per cent, interest, the principal
payable ten years after date, and the interest pay-
able annually at the Farmers and Mechanics'