248
LAWS OF MARYLAND.
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every share owned by it, him or her, and every stockholder
may depute any other person to vote and act
for it, him or her, as its, his or her proxy; and the
commissioners aforesaid, or any three or more of them
shall be judges of the said first election of directors.
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General
meetings to
be held annually.
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SEC. 5. And be it enacted,
That a general meeting
of the stockholders of said company shall be held annually,
at such time and place as the stockholders shall
appoint, they may be called at any time, and to meet
at any convenient place during the interval between
said annual meetings by the president and directors, or
a majority of them, or by the stockholders owning at
least one-fourth of the whole stock subscribed, upon
giving thirty days public notice of the time and place
of holding the same by advertisement, published once
a week for three successive weeks in some newspaper
or newspapers published in Washington city, Rockville,
Frederick and Hagerstown; and when any such
meetings are called by the stockholders such notice
shall specify the particular object of the case; and if
at any such called meetings a majority, in value, of the
stockholders of said company are not present, in person
or by proxy, such meetings shall be adjourned from
day to day, without transacting any business, for any
time not exceeding three days, and if within said three
days, stockholders having a majority, in value of the
stock subscribed, do not thus attend, such meeting shall
be dissolved.
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Statement of
affairs to be
exhibited.
Vacancy—
how filled.
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SEC. 6. And be it enacted,
That at the regular annual
meetings of the stockholders of said company, it
shall be the duty of the president and directors in office
for the preceding years, to exhibit a clear and distinct
statement of the affairs of the company; that at any
called meetings of the stockholders a majority of those
present may require similar statements from the president
and directors, whose duty it shall be to furnish
them when thus required; and that at all general meetings
of the stockholders, a majority, in value, of all the
stockholders in said company, may fill any vacancy
that may occur in the office of directors; and may remove
from office any president or any of the directors
of said company and may appoint others in their stead.
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Oath.
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SEC. 7. And be it enacted,
That every president
and directors of said company, before he acts as such
shall swear or affirm, as the case may be, that he will
well and truly discharge the duties of his said office to
the best of his skill and judgment.
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Appointment
of officers, &c.
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SEC. 8. And be it enacted,
That the said president
and directors, or a majority of them, may appoint
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