THOMAS W. VEAZEY, ESQUIRE, GOVERNOR.

1835.

in office shall appoint, of which and of all elections and

CHAP. 234.

meetings of the stockholders, ten day's notice shall be

given in two or more daily newspapers, published in

Case of omission

the city of Baltimore, and the omission to elect direct-

ors shall not cause a dissolution of the corporation, but

in case of such omission, and the neglect of the direct-

ors for more than thirty days after the time appointed

for the annual meeting, to give notice of the appoint-

Notice of meeting

ment of a day to hold a general meeting of the stock-

holders, for the purpose of electing directors, or for

any other purposes, such appointment may be made

and notice given by any three of the stockholders, and

any election of directors made by the stockholders at a

meeting so appointed shall be as valid as if made on the

day appointed for the annual meeting.

SEC. 4. And be it enacted, That the Directors of

Powers of the di.

the said company, or a majority of them, with or with-

rectors

out the President, when met as a board, shall have full

power to appoint and employ and in their discretion,

to remove from office and dismiss all such officers,

agents, artisans, mechanics, labourers and servants

whatever, as they shall deem necessary to transact

and execute the business of the corporation, fix their

compensation, and when, deemed necessary, require se-

curity for the faithful discharge of their duties, or the

execution of any contract, to contract for, purchase,

rent or hire all such lands, buildings, chattels, mate-

rials, rights, privileges and effects, and erect all such

houses and structures as they shall deem necessary or

find convenient for effecting the objects of the company

as authorised by this act, and the same to rent or use

by their agents as they shall deem most convenient for

public accommodation and beneficial to the company;

to call for monthly or other instalments from time to

Call or instalments

time of the capital stock subscribed, not exceeding ten

dollars per share per month, nor on less than thirty

days notice; to apply the instalments, when received,

and all other funds of the company to effect the objects

Apply funds

aforesaid, and in payment of the necessary expenses

of the company; to provide for the subscription of any

Increase capital

portion of the capital stock, not subscribed before the

delivery to them of the subscription book or books