THOMAS W. VEAZEY, ESQUIRE, GOVERNOR.

1835.

Hopper, Richard Thomas, and John F. McFeely, and such other persons as shall .hereafter become stock-

CHAP. 13

holders itt the said company, shall be and are hereby

created and declared a body politic and corporate, by

the name, style and title of the Queen Anne's Comity

Silk Company, and by the same name shall have suc-

cession, and shall be able to sue and be sued, plead

and he impleaded in all courts of law and equity in this

State and elsewhere, and to make a common seal and

the same tobreak, alter or renew at pleasure.

SEC. 2. And be it enacted, That the present direc-

Present directors

continued

tors, to wit: — James K. Harper, Philemon B. Hopper,

the elder, Thomas W. Hopper, John McFeely, John

Perry, William Harper, and Arthur Emory, senior,

shall continue to act as such until the first Monday of

January, eighteen hundred and thirty-seven, at which

period, or as soon thereafter as may be convenient.

the said company may elect, in the manner which shall

be specified in their by-laws, seven directors for that

year, and so in each and every year during the con-

tinuance of the company; provided nevertheless, that

Election of direc-tors in future

the directors appointed in any one year shall continue

to act until other directors are appointed; in case of

death, removal from the county, or resignation of any

director, his place shall be filled up by the company.

SEC. S. And be it enacted. That the directors shall

President and ofi-

hare authority to appoint a President, annually, and

cers

such other officers as they may deem necessary for the

prudent management of the concern; to purchase and

hold land for the use of the company, and all other

necessary articles which they may determine on; the

society shall have power to ordain and establish such

Powers of the directors

by-laws, ordinances and regulations as shall appear

necessary for regulating the concerns of the corpora-

tion and the proceedings of the directors, any four di-

rectors shall constitute a quorum to do business; and

their acts, if not inconsistent with this act, the laws of

the State, and the regulations of the company, shall

he binding on the whole company; and any deed, con-

tract, sale, mortgage or disposition made by them of

the lands and other stock of the company, shall also

be binding on the whole company.