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ROBERT WRIGHT, ESQUIRE, GOVERNOR.
of the Susquehanna Bridge Company, and by that name may sue
and be sued, plead and be impleaded, and do and suffer all acts,
matters and things, which a body politic and corporate may lawfully
do and suffer. |
1808.
CHAP. 111. |
5. AND BE IT ENACTED, That whenever the said
two (a) thousand
shares shall be subscribed for, that then the commissioners aforesaid,
or a majority of them, shall, by giving two months notice
thereof in so many news-papers as they may deem proper, call
a meeting of the said stockholders, at the city of Baltimore, for
the purpose of electing from amongst the stockholders seven directors,
two of whom shall be residents of Cecil county, two of Harford
county, and three of Baltimore, whisk election shall be held,
by ballot, on the day and at the place appointed therefor by the
said commissioners, from the hour of nine o'clock in the morning
until four o'clock in the evening; and the persons qualified as aforesaid,
having a plurality of all the votes taken, shall be deemed and
considered directors of the said company until a new election shall
take place as herein after provided for; and the said directors, and
those from time to time elected, shall and may appoint one of their
board president, and adopt and use a corporate seal of said company,
and make and adopt all by-laws, rules and ordinances, for
the government and direction of said company and the affairs
thereof, as the said board may judge necessary for the carrying into
effect the provisions of this law, provided the same be not repugnant
to the laws of this state or those of the United States.
(a) By 1815, ch. 123, limited
to 1000 shares, and the commissioners to call a
meeting of the stockholders, &c. |
Stockholders to
meet to elect directors. |
6. AND BE IT ENACTED, That at all elections
to be holden in virtue
of this act, every stockholder shall be entitled to vote by himself,
his agent or proxy, appointed for that purpose by writing,
subscribed by such stockholder, and attested by one or more witnesses,
and every such stockholder shall be entitled to as many
votes as he possesses shares in the said stock as far as twenty
shares, and one vote for every two shares thereafter as far as forty
shares, and one vote for every five shares thereafter, and every
stockholder may, at his pleasure, transfer his interest in any share,
such transfer being made in the books of said company, in such
manner as shall be by them directed. |
Stockholders, how
to vote. |
7. AND BE IT ENACTED, That immediately after
the election of
directors aforesaid, all the powers and duties vested in the said
commissioners in virtue of this act, shall cease and determine, and
they shall forthwith deliver over to the said directors all the books
containing the names of subscribers for said stock, and the papers
relating thereto; and the directors to be so first appointed shall
continue in office for at least one year, and until the first Monday
in June which shall happen after the expiration of the said first
year. |
After election of
directors powers
of commissioners
to cease. |
8. AND BE IT ENACTED, That on the first Monday
in June in
every year thereafter, an election shall be held as aforesaid in the
city of Baltimore for seven directors, qualified as aforesaid, to continue
in office until the first Monday in June next succeeding such
election, which elections shall be holden by the president and directors
for the time being, and of which two months notice shall be
by them given in so many newspapers as they may think proper. |
Elections for directors
to be held
annually. |
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