534
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LAWS OF MARYLAND.
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six others, also from amongst their number, to the
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office of Directors of said company, who shall hold
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their respective offices for the term of one year there-
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Term of service
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after or until their successors shall be duly elected
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and qualified, with power to said President and Di-
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rectors to fill any vacancy or vacancies which may
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take place amongst them, during their term of office,
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by the election of such other person or persons from
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amongst the stockholders as they may select ; and the
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said President and Directors so elected, and their
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successors duly appointed, shall have and exercise
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Shall have and
exercise.
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all the powers now possessed 'and enjoyed by the
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President and Directors of the Chesapeake and Ohio
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Canal Company under its charter and the several
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amendments and supplements thereto, not herein
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otherwise provided, and shall at all times lie remov-
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able by a vote of a majority of the stockholders of
said company at any public meeting thereof, duly
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called after thirty days' public notice ; said meeting
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to be held at the principal office of said company ;
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and shall receive such compensation for their ser-
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vices as the stockholders may from time to time de-
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termine.
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General meet-
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SEC. 4. And be it enacted, That there shall be held
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ings
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annually on the first Tuesday in June in each and
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every year, a general meeting of the stockholders of
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said company, to receive and consider the annual
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report of the President and Directors for the pre-
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ceding year, and elect their successors, and to trans-
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act any and all other business relating to said canal
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and the affairs of said company, which may be
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Quorum.
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brought before them ; at all meetings of the stock-
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holders a majority in value thereof shall be necessary
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to constitute a quorum, and in case, at any of said
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annual meetings of stockholders, or any other meet-
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ing thereof, whether regular or special, a quorum
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should not be present, an adjournment may be had
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to some other day, and so from time to time until
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the attendance of a quorum shall be obtained.
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SEC. 5. And be it enacted, That the said company
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Shall begin
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shall begin the construction of said canal within ten.
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Shall complete.
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years from the date of the passage of this act, and
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shall complete the same within twenty years from
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the commencement thereof ; and the said canal, and
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the works to be erected thereon, when completed
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