manner, and after giving the notice of the time and
place, as hereinbefore provided.
SEC. '2. And be it enacted. That as soon* twelve'
hundred shares of the capital stock of the company
created by this Act shall have been subscribed, the
said commissioners, or a majority of them, shall call
a meeting of the subscribers of said capital stock',
who shall proceed to the election by ballot of one
President and six Directors from among their own
body, to manage the affairs of said company for one
year from the date of their election, and until a new
election of President and Directors shall thereafter
be made.
SEC. 3. And be it enacted, That the said stockhold-:
era, their associates and successors, from the day of
their first meeting as hereinbefore provided for, shall
and they are hereby declared to be a body corporate
and politic by the name and title of " The Annapolis
and North Severn Bridge Company;" and by that
name shall have succession, may sue and be sued,
plead and be impleaded, answer and be answered
unto, in any court of law or equity in this State, and
make and use a common seal.
SEC. 4. And be It enacted, That the President and
Directors shall meet at such time and places as a ma-
jority of them shall agree upon, for the transaction
of the business of the company, a majority of the
whole board being a quorum; and in the absence of
the President the Directors present may choose a
chairman from among their own body, and they shall
keep a full and correct minute of all their proceed-
ings fairly entered in a book kept for that purpose.
SEC. 5. And be it enacted, That in case of any va-
cancy occurring in the Board of President and
Directors by death, resignation or otherwise, the
Directors shall supply such vacancy by the appoint-
ment of such President or Director from among tire
stockholders, to serve the remainder of the year;
and the said President and Directors shall have full
power and authority to appoint a treasurer for said
company, to serve for one year, and a secretary, if
they shall deem such officer necessary, and all such
|
To call meet-
ing.
Incorporated
Name.
Majority
being a
quorum.
In case of
vacancy.
Power to ap-
point.
|