418
LAWS OF MARYLAND.
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at pleasure, and to allow them, or any of them, and
also the president, such compensation for their services
as they shall deem right, and bonds with security, to
take from any or either of said persons, if thought
necessary, for the faithful discharge of their duty.
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President to
be a stockholder.
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SEC. 10. And be it enacted,
That no person shall
be a president or director, who shall not at the time be
a stockholder.
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Shares transferrable.
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SEC. 11. And be it enacted,
That the shares of
stock shall be transferable on the books of said company,
only according to such rules and regulations as
shall be established by the said president and directors.
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President and
directors may
agree with
owners of
land which
may be wanted.
In case of
disagreement,
sheriff to summon
jury of
inquest.
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SEC. 12. And
be it enacted, That the president and
directors of said company, or a majority of them, or
any person or persons authorised by a majority of them,
may agree with the owner or owners of any land, earth,
timber, gravel, stone or other material, or any improvements
which may have been wanted for the construction or repair
of any of their works, and with the owner or
owners of any water or water rights which may be
wanted for the supply of the same, for the purchase or
use and occupation of the said land, earth, timber,
gravel, stone, waters or other materials; and if they
cannot agree, or if the owner or owners, or any of them
be a feme covert, under age, non compos mentis, or out
of Allegany county, when such lands, waters or materials
shall be wanted, application may be made to any
justice of the peace of said county, who shall thereupon
issue his warrant under hand and seal, directed to the
sheriff of said county, requiring him to summon a jury
of twenty inhabitants of said county, not related or in
anywise interested to meet on the land or near to the
property or materials to be valued on a day named
in said warrant, not less than ten nor more than
twenty days after the issuing of the same and if at said
time and place any of said jurors summoned, do not attend
the said sheriff shall immediately summon as
many jurors as may be necessary with the jurors in attendance,
to furnish a panel of twenty persons in attendance
and from them each party or its, his, her or
their agent and if either be not present in person or by
agent the sheriff for him, her, it or them may strike off
four persons, and the remaining twelve shall act as the
jury of inquest of damages, and before they act as such
the said sheriff shall administer to each of them an
oath or affirmation as the case may be, that he will
justly and impartially value the damage which the
owner or owners will sustain by the use or occupation
of the same required by the company, and the said
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