622
Management
of affairs.
Appoint a
Treasurer.
To open
books of sub-
scription.
Powers not
mentioned.
In force.
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LAWS OF MARYLAND.
SEC. 4. And be it enacted, That the affairs of said
company shall be, managed by the President and
nine directors chosen from the stockholders of said
company, and said President and Directors shall ho
chosen on the first day of February in each year, or
within ninety days thereafter, and continue in office
until the election and qualification of their successors.
SEC. 5. And be it enacted, That the Board of Presi-
dent and Directors shall have power to appoint a
Treasurer and other necessary officers and servants,
and remove the same at pleasure, fix their compen-
sation, declare dividends of profits, and exercise all
other powers necessary to the proper transaction of
the authorized business of said company.
SEC. 6. And be if end ''/, That the parties named
'in the first section, or a majority of them, shall cause
of book to be opened in the City of Baltimore for the
purpose of receiving subscriptions to the capital stock
of said company, at such place and on such terms as
may be provided for by any ordinance or ordinances
to be passed as aforesaid, and the parties named in said
first section may themselves become subscribers to
the said capital stock of said company, which has
already been made a corporation by the incorpora-
tion of said persons named in the said first section.
SEC. 7. And be it enacted. That as to all other mat-
ters not herein mentioned and provided for, the
rights and powers of said company shall be the same
as those of the Baltimore City Passenger Railway
Company.
SEC. 8. And be it enacted, That this Act shall take
effect from the date of its passage.
Approved April 1, 1872.
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