1835. LAWS OF MARYLAND.

CHAP. 338.	entitled to receive back the money paid by him on
	shares subscribed for, but not allotted to him.
Meeting of subscribers	SEC. 7. And, be it enacted, That after the expiration
	of the three days for which the books are first opened,
	if five thousand shares of said capital stock shall have
	been subscribed, or if not, as soon thereafter as the
	same shall be subscribed within the said twelve months,
	the said commissioners, or a majority of them, shall
	call a general meeting of the subscribers, to meet at
Notice thereof	Denton, in Caroline county, and shall give at least
	thirty days' public notice thereof, and at such meetings
	the said commissioners shall lay the subscription books
	before the subscribers then and there present, and
Elect Directors	thereupon the said subscribers, or a majority of. them,
Exclusive of Slates	shall elect six directors by ballot, exclusive of the five
	directors which shall be appointed by the State of
	Maryland, in the ratio of one director for every six-
	teen hundred shares of said stock which shall be held
	by the said State, and the eleven directors shall man-
President	age the affairs of the company; and they or a majority
	of them, may elect a president and allow him a reason-
Compensation	able compensation for his services; and in every elec-
	tion, and on every occasion of voting, each share of
	stock shall be entitled to one vote which may be given
	in person or by proxy, and in the. first election of di-
	rectors the said commissioners, or some of them, shall
Elect annually	attend and act as judges of said election, and six di-
	rectors shall in like manner be chosen annually in
	Denton, or some other place more convenient to a ma-
	jority of them, by the stockholders of the company, on
	the first Monday of December, and the stock of the
	State shall not be voted in such elections.
Meeting if stock-	SEC. 8. And be it enacted, That a general meet-
holders	ing of the stockholders shall be held annually in the
	said town of Denton, or some other more convenient
	place; and the general meeting may also be called at
	Denton or at any other time and place, during the in-
	terval between said annual meetings, by the president
	and directors, or a majority of them, or by the stock-
	holders owning at least one fourth of the whole stock
Notice	subscribed, upon giving thirty days' notice of the time
	and place of holding the same; and when any such