WM. T. HAMILTON, ESQUIRE, GOVERNOR.

353

SEC. 2. And be it enacted, That the subscribers

to said stock, and their successors and assigns, shall

be and they are hereby declared to be incorporated

Declared to he

into a company by the name of the Baltimore,

incorporated.

Brooklyn and Cedar Hill Railway Company, and

by that name shall be capable in law of purchasing,

holding, selling and conveying property, real, per-

sonal and mixed, as far as shall be necessary for the

purposes hereinafter mentioned and no further, and

shall have perpetual succession, and by such corpo-

rate name may sue and be sued, and have and use

a common seal, which they shall have the power to

alter and renew at their pleasure, and shall have

and enjoy and may exercise all the powers, rights

and privileges incident and necessary to the purpose

of said corporation as created by this act.

SEC. 3. And be it enacted, That when three hun-

dred shares or more of said stock shall have been

subscribed, the said commissioners, or a majority of

them shall call a general meeting of the subscribers

Call meeting.

at such time and place as they may appoint, and

shall give at least ten days' notice thereof by publi-

cation, and at such meeting the said commissioners

shall lay the subscription books before the subscrib-

ers, then and there present, whereupon the sub-

scribers, or a majority of them, shall elect seven

directors who shall be stockholders in said company,

Elect directors

by ballot, to manage the affairs of said company,

which directors, or a majority of them, shall have

power to elect a president from among the directors,

and in said election and all other elections by the

stockholders of said company, each shareholder shall

be allowed one vote for every share owned by him

or her, and every stockholder may vote either in

person or by proxy, and the commissioners afore-

said, or any three or more of them, shall be judges

of the first election of directors.

SEC. 4. And be it enacted, That the president and

directors elected at the first meeting of said stock-

holders shall serve until the second Monday in

Term of ser-

January thereafter, or until their successors shall be

vice.

elected, and to continue the succession of said com-

pany, a general meeting of the stockholders shall

be held annually on the second Monday in January,

at which meetings a board of directors shall be

Elect board of

elected as aforesaid to serve for one year, or until

directors.

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