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Trus tees —
when elected.
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nually, who shall he a Trustee and a member of
the corporation, and they shall have power to de-
clare by by-law what number of Trustees less than
a majority of the whole but not less than nine,
shall be a quorum for the transaction of business;
and nine shall be such a quorum until otherwise
provided bv by-laws. The Trustees shall also
have power to make all such by-laws as shall be
needful or proper to the due exercise of the powers
hereby granted.
Sec. 6. And be it further enacted, That the
persons named in this Act shall constitute the first
Board of Trustees, and they shall at their first
meeting divide themselves by lot into four classes
of five each ; the term of the first class ex-
pire at the end of one year ; the term of the second
class shall expire at the end of two years ; the
term of the third class shall expire at the end of
three years ; the term of the fourth class shall ex-
pire at the end of the fourth year, and so on suc-
cessfully each and every year. The seats of these
classes shall be supplied by the members of this
corporation, a plurality of the votes cast constitut-
ing a choice, but an insurance of at least one
thousand dollars in amount shall be necessary to
entitle any member to a vote; but any member of
this Company shall have the right to vote by proxy
as well as in person. This section shall not be
construed to prevent a trustee going out from being
eligible to a re-election. The Board of Trustees
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Vacancies.
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may fill any vacancies in their number occasioned
by death, resignation, or in any other manner.
The election of Trustees shall be held at the office
of said Company in the city of Baltimore in each
year, of which they shall give at least four weeks'
previous notice in one or more of the public news-
papers printed in Baltimore, and the Board of
Trustees at the same time shall also appoint three
of the members of said corporation Inspectors, to
preside at such election ; and if any of the said
Inspectors decline or fail to attend, the Trustees
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Annual meet-
ing.
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shall appoint others to fill such vacancies. The
Annual Meeting of the members of said Company
for the purpose of electing Trustees thereof, shall,
after the year A. D., eighteen hundred and sev-
enty, be held on the second Wednesday of Janu-
ary in each year; and the Trustees who shall be
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