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Session Laws, 1878
Volume 399, Page 575   View pdf image (33K)
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JOHN LEE CARROLL, ESQUIRE, GOVERNOR. 575

ers, James H. Charles, James M. Carroll, Mark E.

 

Noble, Jacob F. Charles, J. E. Trice, James H.

Commis-
sioners.

Lowe and John T. Parker, be and they are hereby

 

appointed commissioners for the purpose hereinafter

 

mentioned, with power to supply any vacancy that

 

may occur in their body by death, resignation or

 

otherwise ; that is to say, that they, or a majority of

 

them, after giving at least fifteen days' notice by

 

publication in such newspapers and by such other

 

mode as they in their discretion shall deem most

 

conducive to the interest of their enterprise, shall

 

open a book or books, at such place or places as they
may designate, for receiving subscriptions to the capi-
tal stock to erect a wharf or pier in the Choptank river,

Open books.

at or near the end of the public road leading down

 

to Fair Landing, in Dorchester county, and there-

 

upon they, or a majority of their board, shall proceed

 

to receive subscriptions to the capital stock of the

 

company by this act incorporated, the said stock to

 

be limited to one thousand dollars, to be divided

Keep bookb

into shares of twenty-five dollars each ; and the said

open.

books shall be kept open as long as the said commis-

 

sioners, or a majority of them, shall deem prudent.

 

SEC. 2. And be it enacted, That as soon as ten

 

shares of the capital stock of the company created

 

by their act shall have been subscribed, and the con-

 

sent of the County Commissioners of Dorchester

 

county obtained for building a wharf at said county

 

landing, the said commissioners, or a majority of

 

them, shall call a meeting of the subscribers to the

 

said capital stock, who shall proceed to the election

Elect presi-

by ballot of one president and four directors, from

dent.

their own body, to manage the affairs of the said

 

company for one year from the day of their election,

 

and until a new president and directors shall be

 

elected and qualified ; and in all elections of the

 

president and directors, every stockholder shall be

 

entitled to give in person or by proxy, one vote for

 

each share of the capital stock standing in his or her

 

name on the books of the corporation; provided,

 

however, that no one stockholder shall be entitled to

 

give more than ten votes at any election to be held

 

for the said president and directors.

 

SEC. 3. And be it enacted, That the said stock-

 

holders, their associates and successors, from the day

 


 

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Session Laws, 1878
Volume 399, Page 575   View pdf image (33K)
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