472
LAWS OF MARYLAND.
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meeting of the stockholders, who shall proceed in
person,
or by proxy, to the election by ballot, of seven
directors, who shall continue in office one year, and
until a new election for directors shall thereafter be
made, and said directors shall have full power and authority
to elect by ballot a president from their body,
and shall have full power to elect a treasurer for said
company, and the stockholders of said company, in
one year after the day on which the election of directors
shall be made, and on the same day in every year
thereafter, except the same shall happen on Sunday,
and in that case, the day succeeding, shall elect by
ballot from among the stockholders, seven persons as
directors for the time being; shall give public notice
for a new election, at least fifteen days previous to the
expiration of the time for which they are elected, and
in every election as aforesaid for directors, each stockholder
is entitled to one vote for every share by him or
her held, and in case it should happen that an election
of directors should not be made upon any day when,
pursuant to this act, it ought to have been made, the
said corporation shall not, for that cause be dissolved,
but it shall be lawful, on any other day to hold and
make an election as aforesaid, in such manner as shall
be regulated by the by-laws or ordinances of said corporation,
and in case of the death or resignation, or
removal of the president or a director, the said directors
shall elect another person to supply such vacancy for
the remainder of the year.
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By-laws.
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SEC. 4. And be it enacted,
That the said president
and directors shall be authorised to make such by-laws,
rules or orders and regulations, not inconsistent with
the laws of this State, as shall be necessary for the well
ordering and directing the affairs of the said company,
and also to appoint a secretary, if they shall deem such
an officer to be necessary, and to fix the salaries or
compensation of all officers who may be so appointed
by the same.
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Incorporated.
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SEC. 5. And be it enacted,
That the said stockholders
and their successors, from the time of the first
meeting before mentioned, shall, and they are hereby declared
incorporated by the name of the Williamsport and
Potomac Bridge company, and by that name may sue
and be sued, plead and be impleaded, answer and be
answered unto in any court of law or equity in this
State.
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Erection of
bridges.
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SEC. 6. And be it enacted,
That the said president
and directors shall have full power and authority to
contract for and cause to be erected the bridge or
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