WM. T. HAMILTON, ESQUIRE, GOVERNOR.

537

notice shall specify the particular object of the call ;

Specify object.

and if at any such called meetings a majority (in

value) of the stockholders of said company are not

present in person, or by proxy, such meeting shall

be adjourned from day to day without transacting

any business for any time not exceeding three days ;

and if within said three days stockholders having a

majority (in value) of the stock subscribed do not

attend, such meeting shall be dissolved.

SEC. 14. And, be it enacted, That at the regular

annual meetings of the stockholders of said com-

pany, it shall be the duty of the president and direc-

tors in office for the preceding year, to exhibit a

Exhibit state-

clear and distinct statement of the affairs of the

ment.

company in detail; and at any called meeting of the

stockholders, a majority of those present, may re-

quire similar statements from the president and

directors, whose duty it shall be to furnish them

when thus required; and at all general meetings

of the stockholders, a majority (in value) of all the

Power of re-

stockholders in said company may remove from

moval.

office any president or any of the directors of said

company, and may appoint others in their stead.

SEC. 15. And be it enacted, That every president

and director of said company, before he acts as such,

Swear or affirm

shall swear or affirm as the case may be, that he

will well and truly discharge the duties of his said

office to the best of his skill and judgment.

SEC. 16. And be it enacted, That the said presi-

dent and directors, or a majority of them, may ap-

point all such officers, engineers, agents or servants

Appoint offi-
cers, &c.

whatsoever, as they may deem necessary for the

transaction of the business of the company, and may

remove any of them at their pleasure; and they or

a majority of them shall have power to determine

by contract the compensation of all the engineers,

Determine

officers, agents or servants in the employ of said

compensation.

company, and to determine by their by-laws the

manner of adjusting and settling all accounts against

the company, and also the manner and evidence of

transfers of stock in said company; and they, or a

majority of them, shall have power to pass all by-laws

which they may deem necessary or proper for exer-

cising all the powers vested in such company, and

for carrying out the objects thereof; provided only