power and authority, not inconsistent with the pro-
visions of this Act, as may be conferred on them by
the resolutions and by-laws of said company.
SEC. 4. And be it enacted, That the Directors of
said company shall consist of such number, not less
than five nor more than ten, as the by-laws of said
company may prescribe, all of whom shall be stock-
holders in said company, and the President and
Directors of said company shall have power to ap-
point and remove all officers and agents of the com-
pany, to manage and conduct all its business of
every kind, and to execute, if deemed by them
expedient, any deed of trust or mortgage, as security
for the payment and fulfillment of any or of all of its
debts, contracts and liabilities.
SEC. 5. And be it enacted, That all meetings of the
stockholders or Directors of said company may be
held either in the City of Baltimore, or at such other
place as the President and Directors of said com-
pany may from time to time appoint, and in all
meetings of the stockholders a majority of the stock
represented, and in all meetings of said President
and Directors, a majority of said President and
Directors shall constitute a quorum for the transac-
tion of business.
SEC. 6. And be it enacted. That nothing herein con-
tained shall be construed to give to said company
i i -i
banking privileges.
SEC. 7. And he if enacted, That the General Assem-
bly may alter, amend or repeal this Act at pleasure,
and that the same shall take effect from and after
its passage.
Approved March 1, 1872.
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Number of
Directors.
Meetings.
Quorum.
Banking
privileges.
Altar, amend
or repeal.
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