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Proceedings and Acts of the General Assembly, 1872
Volume 190, Page 2417   View pdf image (33K)
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810 JOURNAL OF PROCEEDINGS [Apl. 1,
shall so happen that an election shall not be made on the
appointed day, the said company shall not be deemed, from
that cause, to be dissolved, but that such election may be af-
terwards made on any day which may be appointed for that
purpose by the directors for the time being, notice thereof
being given as aforesaid, and the said directors of the said
company shall have and exercise all the authority and pow-
ers given to them by this Act, and such other powers and
authority, not inconsistent with the provisions of this Act,
as may be conferred upon them by the resolutions and by-
laws of said company.
7. The directors of said company, four of whom shall al-
ways constitute a quorum for the transaction of business,
shall select one of their own number to act as president of
said company, who shall have such powers and authority,
and perform such duties as president as may be prescribed
by the by-laws of said company ; and the said directors shall
have power to appoint and remove all officers, agents and.
servants of the said company, to manage and conduct all its
(business of every kind, to borrow money at any time, and
from time to time as, in their judgment, the exigencies of
.the company may require, and to execute, if deemed by them
necessary and expedient any deed or deeds of mortgage as
security for the fulfilment by said company of any of its con-
tracts or other liabilities.
Sec. 2. And be it enacted, That this Act shall take effect
from the date of its passage, and the General Assembly re-
serves the right to alter, amend or repeal this Act at plea-
sure.
The amendments were concurred in, and
The said bill, as amended; was then passed by yeas
and nays, as follows :
AFFIRMATIVE.
-Messrs. President, Fields,
Compton, Henry,
Carroll, Longwell,
Crawford, Spites,
Claggett, Sellman,
Denson, Spencer,
Downs, Wilson,
Dennis, Williams—17
Earle,
NEGATIVE—None.
On motion by Mr. Fields,

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Proceedings and Acts of the General Assembly, 1872
Volume 190, Page 2417   View pdf image (33K)
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