170
Term of ser-
vice.
Term of ser-
vice.
President to
call meeting.
Notice.
.Number of
Directors.
President,
election of.
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LAWS OF MARYLAND.
holders of the said company, two directors shall be
appointed by a convention of the two brandies of the
City Council, upon the nomination of the Mayor of
the City of Baltimore, who shall serve until the
fourth Wednesday of January then next ensuing; and
until the appointment and qualification of their suc-
cessors, and to continue the succession of the Board
of Directors, two directors shall be annually ap-
pointed on the part of the Mayor and City Council
of Baltimore, in manner before stated, at some time-
antecedent to the fourth Wednesday of January in
each year, to serve for the period of one year from
such fourth Wednesday of January, and until the
appointment and qualification of their successors;
and immediately on the acceptance of said Act, the
President of the said company shall call a meeting
of the stockholders in said company, and a meeting
of all persons or corporations, other than the Mayor
and City Council of Baltimore, who may have be-
come endorsers and guarantors of the bonds of said
company, at such time and place as he may deem
best, by giving notice, by mail, addressed to each
person or corporation, at his, her, its or their place
of business, at least four days prior to the day of
meeting, or by service of such notice, in any other
mode, at such place of business; and at such time and
place the stockholders shall elect four directors, and
the endorsers and guarantors of the bonds of said com-
pany, other than said Mayor and City Council of Bal-
timore, shall select not less than three nor more than
seven directors; and the directors so elected shall
serve until the fourth Wednesday in January then en-
suing, and until the election and qualification of their
successors; and to continue tie succession of Presi-
dent and Directors, four directors shall be chosen
annual by the stockholders, and not less than three,
nor more than seven directors, annually, by the said
endorsers or guarantors of the bonds of the said com-
pany, on the fourth Wednesday of January in each
year; and a President shall be elected from among
the directors, at such time as may be fixed by the di-
rectors, or by any by-law: and the President and.
Directors shall hold their offices until a new election
and (qualification of President and Directors; and all
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