ART. 23] OBJECTORS—ELECTIONS. 559

1888, art. 23, sec. 57. 1868, ch. 471, sec. 52.

65. The stock, if any, property and concerns of any cor-
poration, for whose creation provision is made in this article,
shall be managed by such number of trustees, directors or
managers as its by-laws or charter shall prescribe, said number
to be not less than four nor more than twelve, who shall
respectively be citizens of the United States, and a majority
of them citizens of this State; or if unnaturalized residents of
this State shall make oath that they intend to become citizens
of the United States without unreasonable delay; and who
shall, except the first year, be annually elected by the stock-
holders, where there are such, or by the shareholders or
members, where there ore no stockholders, at such meeting,
time and place, and after such notice as shall be directed by
the by-laws of the corporation; and the election shall, except
in cases otherwise provided for herein, be made by such of the
stockholders, shareholders or members, as the case may be,
who shall attend for that purpose, either in person or by proxy ;
and where no other notice is provided for by the by-laws,
public notice of the time and place of holding such election
shall be published not less than ten days previous thereto, in a
newspaper printed nearest to the place where the principal
office of said corporation in this State shall be located.

Darrin v. Hoff, 98 Md. ————.

Ibid. sec. 58. 1868, ch. 471, sec. 53. 1888, ch. 510.

66. In all corporations heretofore formed or hereafter to be
formed under the general laws of this State, or under any
special law, having a capital stock, and in which there are
stockholders, all elections shall be by ballot, and each stock-
holder shall be entitled to as many votes as he owns shares of
stock in said corporation, and the person receiving the greatest
number of votes shall be trustees, managers or directors; but
no share of stock shall be voted by any stockholder unless all
instalments have been paid thereon which may have been
called for on any part of the stock of said corporation. And
in the case of all other corporations the mode of electing
trustees, managers or directors shall be regulated by the charter
or by-laws of said corporations; provided, however, that nothing
herein contained shall prevent any such corporation so formed,
should it elect so to do, to provide by its charter or by-laws
for minority representation in the election of trustees, mana-
gers or directors.

Webb v. Ridgely, 38 Md. 364. Baile v. Calvert College, 47 Md. 124.