436
LAWS OF MARYLAND.
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in the county; and general meetings of the
stockholders may be called by any number of the
stockholders, not less than five, nor holding less than
one-fourth of the whole number of shares, to consider
any general interest of the said company, and the said
general meeting, if representing more than one-half the
whole number of shares in said company, shall have
power to make, alter or repeal, by a majority of votes,
in the manner aforesaid, all or any of the by-laws, rules
and regulations of said managers.
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Quorum.
Transfer of
stock.
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SEC. 7. And be it enacted,
That any four of the
managers, including or without the president, shall
constitute a board and quorum for transacting of all
kinds of business, and shall be competent to appoint
all such officers, agents and servants whatsoever, as
they may deem necessary for the transacting of the
business of the company, to fix their compensation and
dismiss them at pleasure, to provide for requiring and
taking security for the faithful performance of the duty
of any officer of the company, for making all contracts
which shall be necessary to effect the purposes contemplated
by this act, and for settling all the accounts of the
company, to provide for furnishing to the stockholders
certificates or other evidences of their rights to stocks,
and for the transfer of stock and evidence of such
transfer, and to pass all such by-laws as shall be proper
or necessary for exercising all the powers, rights and
privileges vested in the company hereby incorporated,
or in the said managers, or for the performance of the
duties required of them by this act, and the said by-laws
from time to time to alter or repeal, subject, nevertheless,
to the revision of the stockholders at a general
meeting, as hereinbefore provided.
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Vested rights.
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SEC. 8. And be it enacted,
That the said company
are hereby invested with all the rights and powers necessary
for the construction of a turnpike road, from the
centre of the square, or the cross road at the north end
of the town of Woodsboro' to the Monocacy bridge, the
present terminus of the turnpike road, leading from
Frederick city; Provided, that the company may use
the bed of the public road, now leading from the town
of Woodsboro' to the said Monocacy bridge, or so much
thereof as they may find necessary.
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May agree
with owners
of lands which
may be wanted,
and in case
of disagreement,
jury to
be summoned.
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SEC. 9. And be it enacted,
That the president and
managers of said company may agree with owners of
land required for said road, and also for the purchase
of stone, gravel, earth, sand or timber, for said road;
and in all cases where they are unable to agree with
the owner or owners, or should he or she be a feme
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