FRANK BROWN, ESQUIRE, GOVERNOR.

421

power to appoint judges of all elections by the stockholders,

and to elect the officers of the company who may be chosen

from the directors or others ; but no officer nor director shall

be chosen who is not a stockholder. The officers and direc-

tors of said company shall hold their respective positions

for one year, or until their successors are duly elected and

qualified ; provided, however, that in case of a vacaiiy exist-

ing in the said board from any cause, such vacancy can be

filled for the unexpired term, by the duly qualified and act-

ing members of the board, and in case of a vacancy existing

in any of the said offices, such vacancy may be filled for the

unexpired term of such officer in like manner as in case of a

director ; and provided further, that a failure to hold an

annual meeting of the stockholders, for the purpose of

electing directors, or the failure to elect directors for one or

more years shall not operate as a forfeiture of this charter,

but the directors chosen for the preceding year shall con-

tinue to hold and exercise the office until such time as a new

election, shall be held according to the provisions of this act.

SEC. 3. That the board of dirctors shall have the power

to adopt such rules, regulations, resolutions and by-laws for

the conduct and government of said company as may be by

Powers

it deemed proper, and not inconsistent with the laws of the

State of Maryland and the United States ; provided, how-

ever, that no general meeting of the stockholders shall be

called except upon a call made by a majority vote of the

board of directors, or upon the demand of stockholders,

owning one-third in amount of the capital stock of the said

company, who shall give notice in writing, to the president,

stating the object desired in holding such meeting; on

receipt of which the president shall give thirty days' notice

of such meeting, and the time and place thereof and the

object of the call ; and if any such called meeting a majority,

in value, of the stockholders are not present in person or by

proxy, the meeting shall be adjourned from day to day

without the transaction of any business, for any time not

exceeding three days, and if within three days stockholders

having a majority of stock outstanding shall not attend, the

meeting shall be dissolved. All general meetings of the

company shall be held at the place where the principal

office of the company, for the transaction of the business,

shall be located, and such meeting may be adjourned thence

to meet at such place and at such time as may be found to

be to the greatest convenience of the shareholders.

SEC. 4. That the said corporation is hereby authorized to

locate, construct, equip, maintain and operate a continuous

line of railway, with such number of tracks as the public