EDWIN WARFIELD, ESQ., GOVERNOR.

59

and when said five hundred shares have been subscribed and

when forty per cent, thereon has been paid in, the stockholders

Election of

may elect not less than seven directors nor more than twenty-

directors.

five, as the stockholders may determine, to serve until the

annual election in May, 1905, and the directors so elected of

said company when it shall have been organized, may and they

are hereby authorized and empowered to have and to exercise

in the name and in the behalf of the company all rights and

privileges which are intended to be hereby given; and should

the capital stock be at any time increased, the stockholders at

the time of such increase shall be entitled to a pro rata share

of such increase upon the payment of the par value of the same.

4. That the directors shall thereafter be elected annually

Officers and

by the stockholders on the first Monday in May, and they shall

employees.

elect from their number at the first meeting of the board after

their election, as prescribed by the third section of this Act,

and after all subsequent elections, president, first vice-presi-

dent and second vice-president, and shall also have power to

elect a secretary and treasurer, and to appoint and employ

such other officers, clerks and agents as the business of said

company from time to time requires. All elections shall be by

ballot, and at such elections and all meetings of stockholders

every stockholder shall be entitled to one vote for every share

of stock held by him, but no person shall be eligible as director

who is not a stockholder to the amount of at least five shares

of stock.

SEC. 2. And be it, enacted, That this Act shall take effect

from the date of its passage.

Approved March 3, 1904.

CHAPTER 37.

AX ACT to require all corporations engaged in mining coal

or fire-clay in Garrett County to pay their employees wages

due semi-monthly.

SECTION 1. Be it enacted by the General Assembly of Mary-

Semi-monthly

land, That all corporations hereafter engaged in mining coal

pay to coal

miners.

or fire-clay in Garrett County, be and the same are hereby re-

quired to pay each and all of their employees their wages

earned in said employment semi-monthly, that is to say, all

wages earned on and before the 15th of each month shall be

paid not later than upon the 25th day of said month; and all

wages earned from the 16th to the end of each month, shall