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CHAP. 219.
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stockholders from time to time, and at such times and for
such purposes, as they shall think proper, giving four
weeks notice in one or more newspapers published in the
city of Frederick, specifying the time, place and purpose
of such meeting; Provided, that no such meeting shall be
competent to transact business, unless two thirds of all
the stockholders or their proxies, be present thereat; fifth,
to purchase and holden behalf of said company in fee sim-
ple, or otherwise lands, tenements or hereditaments, suitable
for the erection of the necessary works, and for the ac-
complishment of their undertaking, as they shall judge
proper: and also to make such contracts for labor, materi.
als, engines and machines, and to contract for and obtain
on behalf of said company, all such privileges, permissions,
rights and advantages, of any kind and nature whatever,
as they shall judge expedient for establishing, carrying on
and encouraging manufactories agreeable to the first ar-
ticle of this act; and all the said lands, tenements and he-
reditaments, materials, engines, machines, privileges, per-
missions, rights and advantages, to sell, let, hire or other-
wise dispose of, in whole or in part, for the benefit of the
company, on such terms and conditions as they shall judge
proper; and all needful and proper conveyances, assurances,
contracts, and deeds therefor, to make and execute; sixth, to
prepare, procure, adopt and execute such plan or plans, as
they shall think most expedient and effectual for establishing
carrying on, and encouraging manufactories of all the articles
embraced in the first article of this act; seventh, to receive
use, dispose of and employ for the purposes aforesaid,
or any of them, all the capital stock, money, property and
funds of the said company, of every nature and kind whatev-
er, now or at any time hereafter to be held or claimed, keep-
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Accounts required
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ing and rendering to the stockholders, at each annual
meeting for the election of directors, a particular account
of all the stock, property, money and funds so received,
expended and disposed of in the course of the year, then
next preceding, and of all contracts, purchases, leases,
sales and dispositions, so to be made in the same period;
which shall at all times be subject to the inspection of the
stockholders; eighth, to appoint and remove at their plea-
sure, all clerks, superintendants and other officers, neces-
sary for carrying on the business of the said company, and
to fix and to pay out of the funds of the said company, the
compensation of all such clerks, superintendent, agents
and other officers; ninth to provide for, and pay out of the
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