ODEN BOWIE, ESQUIRE, GOVERNOR. 899

tinue in office until the time fixed for the annual election, and until their successors are chosen and qualified, at the time and place appointed ; Direc- tors shall be chosen by ballot, by such of the stock- holders as shall attend for that purpose, either in person or by lawful proxies ; each share shall enti- tle the owner to one vote, and a plurality of votes shall he necessary for a choice ; but after the first election of Directors, no person shall vote on any share on which any installment is due and unpaid; the persons named in such certificate, or such of them as may be present, shall be inspectors of such election, and shall certify what persons are elected Directors, and appoint the time and place for hold- ing their first meeting ; a majority of said Direc-	Directors — how chosen.
tors shall form a Board, and be competent to fill vacancies in their Board, make by-laws, and trans- act all business of the corporation ; a new election shall be annually held for Directors, at such time and place as the stockholders, at their first meet- ing, shall determine, or as the by-laws of the cor- poration may require; and the Directors chosen at any election shall, so soon thereafter as may be convenient, choose one of their number to be Presi- dent, and shall each take an oath or affirmation faithfully to discharge his duties ; and they shall, from time to time, make such dividends of the profits of said company as they may think proper.	Fill vacancies
Sec. 10. And be it enacted, That the said Presi- dent and Directors, or their agent or agents au- thorized by them, may agree with the owner or owners of any land, earth, gravel, stone, timher, streams, or materials, or any improvements which may be wanted for the proper construction or re- pair of any said roads, or any of their works, for the purchase and use and occupation or diversion of the same ; and if they cannot agree, or if the owner or owners of any of them be an infant, feme covert, who is not possessed of the property to her sole and separate use, or authorized to contract in reference to the same, non compos mentis, or out of the county, where such property wanted may lie, when such property may be wanted, or for any other cause be legally incapable of contracting, application may be made by the said Company to any Justice of the Peace of such county, who shall	May purchase.