686

LAWS OF MARYLAND.

Meetings of
Stockholders.

Sec. 5. And be it enacted, That the meetings of
the stockholders shall be held at such time and
place, and upon such notice as may be presented
by the by-laws of said company; and in all meet-
ings of the stockholders, a quorum for the trans-
action of business shall be the owner and repre-
sentatives of at least a majority of the stock of said
company, and every such meeting of stockholders
shall have full power to pass anew, alter and re-
peal by-laws or resolutions, which shall be bind-
ing on the officers and agents of said company,
and shall have power to require settlements and
accounts relating to the business of said company
from officers and agents in their employment, and
may also dismiss any President, Directors, officers
or agents, and appoint others in their stead.

Issue lends.

Sec. fi. And be it enacted, That the said com-
pany may issue its bonds to such amount, in such
sums, and payable at such place and at such time
or limes, as said company may deem expedient
and determine, payable either annually or semi-
annually, as said company may decide, and with
or without coupons, secured by a mortgage or deed
of trust, as said company may prefer, on the whole
or on such part of its property and franchises, as
the said company may deem sufficient and eligible,
and to dispose of said bonds in satisfaction of its
debts and liabilities, or as security for any money
that may be obtained on loan or for the corporate
purposes of said company, and to sell or dispose
of said bonds upon such terms and in such manner

Dispose of as
determined.

as the President and a majority of the Board of
Directors may think best for the interest and ad-
vantage of said company; and the said company
are hereby authorized to subscribe and take stock
in any other incorporated company.

Powers.

Sec. 7. And be it enacted, That for the purpose
of enabling the said company to transport the pro-
duce of its lands and mines to market, the said
company and the President and Directors thereof
shall be and they are hereby invested with all and
singular the rights, powers, privileges, authorities,
immunities and advantages for purchasing and
condemning a right of way for a railroad, through
any lands that it may be necessary, in order to get
to or have access to their mines and minerals, to