| CHARLES GOLDSBOROUGH, ESQUIRE, GOVERNOR.
same may break, alter or change, at their pleasure; they may erect
a manufactory or manufactories for the making of allum, and copperas,
or any other article or articles, and may raise and sell coal,
and any other mineral or fossil; and may sell and dispose of their
property, and may mortgage the whole, or any part thereof, with
the consent of three-fourths of the stockholders holding three-fourths
of the shares, for the securing of any loan or debt, and may use
and occupy the same as fully and absolutely as any individual
might or could do, if holding and enjoying the same; they may
make such by-laws, ordinances and regulations, as they please, not
contrary to this act, or to the laws of this state of of the United
States; and may do and execute any matter or thing necessary in
the prosecution of their business, by the name of The Cape Sable
Company, that any individual might or could do under the laws of
this state, and to do which they are authorised in virtue of this
act; Provided always, that the said company shall engage in no
other manufacture except that of allum and copperas, without the
consent in writing of three-fourths of the stockholders holding
three-fourths of the shares. |
1818.
CHAP. 195.
Proviso. |
2. AND BE IT ENACTED, That the affairs of
the said company
shall be managed by a president, two directors and an agent, under
the regulations and by-laws of the company; and the election of
the said president, directors and agent, shall be made at a meeting
of the stockholders on the first Monday in April of each and every
year, in the city of Baltimore, of which two weeks public notice
shall be given in two daily papers published in the city; and it shall
be the duty of the agent to give such notice, and if in failure thereof,
or from any other cause, no meeting of the stockholders shall
take place, any individual stockholder may, on giving two weeks
notice in two daily papers of the city of Baltimore, call such meeting,
and carry into effect the nomination and appointment of a president,
two directors and an agent, as aforesaid; and until such
new appointment shall take place, the president, directors and
agent, last elected, shall be and and continue to act as such; and in case
of the death, resignation, absence, incapability, incompetency or
misconduct of a president, director or agent, a successor for the
unexpired part of the year may at any time be appointed by the
stockholders, on two weeks notice being given by the agent of the
company, or by any stockholder, in any two daily papers published
in the city of Baltimore. |
Affairs, how to be
managed. |
3. AND BE IT ENACTED, That any stockholder
of one share, or
more, may vote by himself, or by his attorney or proxy, under his hand
and seal, and agreeably to the by-laws of the company, that may
in such cases be provided; and every share shall be entitled to one
vote; Provided, that no stockholder whatever number of shares he
may be entitled to, shall have more than twenty votes; all transfers
shall be made on the books of the company, by the stockholder
in person, or by his attorney, under his hand and seal. |
Votes.
Proviso. |
4. AND BE IT ENACTED, That the president,
and each director,
and the agent, before they enter upon the duties of their offices respectively,
shall take the following oath, or affirmation, as the case
may be: " I do solemnly swear, or affirm, that I will impartially,
faithfully, diligently and honestly, execute the duties of _____, conformably
to this act, and the rules and by-laws of the Cape Sable |
Oath of president,
directors, &c. |
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