JOHN LEE CARROLL, ESQUIRE, GOVERNOR. 311

shall specify the particular object of the call; and if at any such called meetings a majority (in value) of the stockholders of said company are not present in person or by proxy, such meeting shall be adjourned from day to day without transacting any business, for any time not exceeding three days, and if within said three days stockholders having a majority (in value) of the stock subscribed do not attend, such meeting shall be dissolved.	Specify object.
SEC. 14. And be it enacted, That at the regular annual meetings of the stockholders of said company, it shall be the duty of the president and directors in office for the preceding year to exhibit a clear and distinct statement of the affairs of the company in detail; and at any called meetings of the stockholders, a majority of those present may require similar statements from the president and directors, whose duty it shall be to furnish them when thus required: and at all general meetings of the stockholders, a majority (in value) of all the stockholders	Statement of affairs.
in said company, may remove from office any president or any of the directors of said company, and may appoint others in their stead.	May remove from office.

SEC. 15. And be it enacted, That every president and director of said company, before he acts as such, shall swear or affirm as the case may be, that he will well and truly discharge the duties of his said office to the best of his skill and judgment.

Shall swear or affirm.

SEC. 16. And be it enacted, That the said president and directors, or a majority of them, may appoint all such officers, engineers, agents or servants whatsoever, as they may deem necessary for the transaction of the business of the company, and may remove any of them at their pleasure; and they or a majority of them shall have power to determine by contract the compensation of all the engineers, officers, agents or servants in the employ of said company, and to determine by their by-laws the manner of adjusting and settling all accounts against the company, and also the manner and evidence of transfers of stock in said company, and they or a majority of them, shall have power to pass all by-laws which they may deem necessary or proper for exercising

May appoint officers.