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Session Laws, 1890
Volume 396, Page 807   View pdf image (33K)
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ELIHU E. JACKSON, ESQUIRE, GOVERNOR.

807

president from their body, and shall have full power to elect a


treasurer and secretary, and such other officers as they may deem


necessary; and the stockholders of said company in one year after


the day on which said election shall take place, or on such other


days as may be designated by the by-laws of said company, and


on the same day in every year thereafter, except it shall occur on


Sunday, and in that case the next day after, shall elect by ballot


from among the stockholders seven directors, who shall elect a


president, secretary and treasurer, and other officers as above set


forth, and the directors for the time being shall give public notice


of each election by ten days' publication as above provided, and in


case it should happen that an election for directors should not


be made on the day designated for the same to be held, the said


corporation shall not for that cause be dissolved, but it shall be


lawful on any other day to hold an election aforesaid in such man-


ner as the by-laws of such company shall provide, and in case of


the death, resignation or removal of the president or any director,


or, any other officer of said company, the remaining directors


shall elect another person to fill such vacancy for the remainder


of the term of office.


SEC. 7. And be it enacted, That the said directors shall have


authority to make such by-laws, rules, orders and regulations not

By-laws

inconsistent with the laws of this State, as may be necessary for


the government, well-being and directing the affairs of said com-


pany, and also to appoint such other officers and employees as they


may deem necessary, and to fix the compensation or salaries of all


the officers and employees of said company.


SEC. 8. And fie it enacted, That said company hereby incor-


porated, and when organized as provided in section six, of this


act, may construct a bridge over the Potomac river at Berlin,


Frederick county, Maryland, to a point in London county, Vir-


ginia, upon such site as its directors may select, such bridge may

Bridge.

be constructed out of iron, stone, brick or lumber, or partly of


different materials; and to this end they may purchase all such


materials, enter into all contracts and engagements as may be


needful, and may appoint such engineers, superintendents or other


officers as said company may think necessary, and all the rights,


charters and privileges of the London and Berlin bridge company


or the London and Frederick bridge company are hereby cancelled


and repealed.


SEC. 9. And be it enacted, That in the event that the stock


subscribed as above mentioned proves insufficient to build and


complete said bridge, then said directors may issue in the name of


said company, mortgage bonds to an amount sufficient to complete


said bridge for such a sum of money as a majority of said directors

Bonds.

may agree upon, and may negotiate the same, which bonds may


be each for such a sum of money as may be determined by said




 
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Session Laws, 1890
Volume 396, Page 807   View pdf image (33K)
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