164

LAWS OF MARYLAND.

CHAPTER 106.

AN ACT to repeal sections two and eight of an act
passed January session eighteen hundred and six-
ty-eight to Incorporate Parkton and Manchester
Railroad Company, " and re-enact the same so as
to read as follows:

Repealed and
re-enacted.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That sections two and eight of an act
passed at January session eighteen hundred and six-
ty-eight, to "Incorporate Parkton and Manchester
Railroad Company" be, and the same is hereby re-
pealed and re-enacted so as to read as follows:

Capital stock.

2. And be it enacted, That the capital stock of said
corporation shall be not less than one hundred thou-
sand dollars, nor more than five hundred thousand
dollars.

General meet-
ing.

8. And be it enacted, That a general meeting of the
stockholders shall be held annually at such time and
place as the by-laws shall prescribe, and a general
meeting may also be called at any time and place by
the board of directors, at least two weeks notice
thereof being given by advertisement in one or more

Elections.

newspapers published in the State; in all elections
and in the decision of all questions, each stockholder
shall be entitled to one vote for every twenty-five
dollars of stock held by him or her. A number of
stockholders holding a majority of stock subscribed,
and being present in person or represented by proxy,
shall be a quorum of a meeting of stockholders.
Stockholders may vote in person or by proxy, and
the form of proxies may be prescribed by the by-
laws, less than a quorum of stockholders may ad-
journ a meeting from time to time.

Approved March 23, 1876.