114

LAWS OF MARYLAND.

Gravel Road Company shall he one hundred thou-
sand dollars, in shares of ten dollars each, and as
soon as five hundred shares of said stock shall be
subscribed, the subscribers, their successors and as-
signs, shall he and are hereby declared a body pol-
itic under the above name and title, with all and
every power to fully carry into effect the provisions
of this act of incorporation.

Notice of
meeting.

Sec. 3. And be it enacted, That the Commis-
sioners aforesaid shall, as soon as conveniently
may be after this act shall take effect, and after
five hundred shares shall he subscribed as afore-
said, give notice in one or more newspapers print-
ed in Baltimore city and one in Baltimore county,
for the subscribers to meet and organize the said
Company, and choose by ballot, to be given in per-
son or by proxy, a President and five Directors,
the majority of whom shall be owners of property,
binding on said road, and they shall have power to
appoint such other officers, and to make such by-
laws not inconsistent with the laws of this State,
as may be necessary to carry into effect fully this
Act; said President and Directors shall conduct
the business of the Company until the first day of
January thereafter, or until their successors be
elected.

Meeting of
stockholders.

:Sec. 4. And be it enacted, That the stockholders
shall meet on the second Monday of January next
after the organization of said Company, at the
most convenient place convenient to said road after
having given two weeks notice, three times each
week, of the place of meeting, in one or more of
the daily newspapers published in the city of Bal-
timore, and then and there elect a President and
five Directors for the ensuing year who shall con-
tinue in office until their successors are duly
elected.

Manner of
election.

Sec. 5. And be it enacted, That the election of
officers aforesaid shall be conducted in the follow-
ing manner: That is to say, the Directors for the
time being, shall appoint three of the stockholders
not being Directors, to he judges of the said elec-
tion who shall decide upon the qualification of the
voters, and when the election is closed, shall count
the votes and declare who is elected, and in case
of death, refusal to act, or any disqualification