THOMAS W. VEAZEY, ESQUIRE, GOVERNOR,

1835.

SEC. 5. And be it enacted, That a general meeting

CHAP. 324.

of the stockholders shall he held on or before the first

Meeting of stock-

Monday of next November, and annually thereafter,

holders

at such time and place as shall be established by the

by-laws, to which it shall be the duty of the president

and directors aforesaid, to make report of the whole

condition of the business and affairs of the said compa-

ny; and special meetings of the stockholders may be

Special meetings

called at any time by the president and directors of

said company, or by stockholders thereof, who shall

together be proprietors of not less than one-fifth part of

the whole stock of said company, first giving ten days'

public notice in one or more newspapers published in

the town of Cumberland, and in the cities of Baltimore

and Washington, of the object or objects of such meet-

ing; and in any and every meeting of the stockholders,

Quorum

a quorum for the transaction of any business, other

than the election of president and directors, shall con-

sist of the owners and representatives of at least the

major part of the capital stock of said company; and

Power of such

every such meeting shall have power to pass, amend,

meeting

alter and repeal by-laws or resolutions, which shall be

binding on the president and directors, officers, agents

and servants of the company, the same not being con-

trary to law, and also shall have power to require set-

tlements, statements, and accounts relating to the bu-

siness and dealings of said company, general or parti-

cular; and may also dismiss any president, director,

officer, agent or servant at pleasure, and appoint others

in their stead.

SEC. 6. And be it enacted, That for the purpose of

Power as to con-

enabling the said company to transport the produce of

structing a railroad

the mines, and the counties through which their rail

road shall pass in the cheapest and most expeditious

manner, the said company and the president and di-

rectors thereof, shall be, and hereby are respectively

invested with all and singular the rights, powers,

privileges, authoroities, immunities and advantages,

for the surveying, locating, establishing and construct-

ing a rail road and its necessary appurtenances, be-

ginning the same at the mines of the said company and

running to a convenient point or points on the basin