478
LAWS OF MARYLAND.
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the board of directors or a majority of them, at all
such
elections each member shall have one vote, and may
vote either in person or by proxy.
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Constitution
to be made by
concurrent
vote.
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SEC. 7. And be it enacted,
That the constitution and
by-laws of the said company, shall only be made by the
concurrent vote of at least two-thirds of the whole board
of directors, exclusive of the president, and any amendment
or alteration of the constitution or by-laws, shall
only be made by a general meeting of the members of
the company, convened in pursuance of public notice
given as in cases of election for directors, when each
member present shall have one vote, and two-thirds of
the votes thus given shall decide, and any amendment
or alteration of the constitution or by-laws that may be
thus made shall be binding on all the members of the
company.
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General
meeting.
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SEC. 8. And be it enacted,
That it shall be the duty
of the president, whenever required in writing by not
less than twenty members of the company others than
directors, to call a general meeting of the members,
by giving notice as in cases of election for directors, for
the transaction of such business as may be specified in
the said written requisition, and any resolutions or proceedings
passed or had at such meeting, by not less than
two-thirds of the members who shall be present, shall
be binding on the president and directors and members
of the company.
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Estimate of
loss to be
made.
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SEC. 9. And be it enacted,
That whenever a loss
shall occur which the said company are liable to pay, it
shall be the duty of the directors at their next meeting,
after they shall have been notified of said loss, to cause
an accurate estimate and statement to be made, of the
proportion or sum to be contributed to each member, to
make good said loss to the person having sustained said
loss, and to notify the members of the said corporation
of the same, and if at the expiration of sixty days from
the date of such notice, any member of said corporation
shall have failed to pay his, her or their contributions
aforesaid, it shall be lawful for the said board of directors,
upon filing such statement in the office of the clerk
of the circuit court of Dorchester county, or with the
clerk of such other county or district in which such defaulting
member of members shall reside, to cause execution
to issue for the said proportion, in the same manner
as if a judgment had been rendered for the same, together
with all costs incident to such proceedings.
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By-laws.
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SEC. 10. And be it enacted,
That the said company
shall have and is hereby invested, with full power and authority
to make any by-law or by-laws, whereby any
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