140

LAWS OF MARYLAND.

stock, who shall proceed to the election by ballot,
of one president and four directors from their own
body, to manage the affairs of the said company for
one year from the day of their election, and until
a new president and directors shall be elected and
qualified, and in all elections of the president and
directors every stockholder shall be entitled to give
in person or by proxy, one vote for each share of
the capital stock standing in his or her name on

Proviso.

the hooks of the corporation; provided, however,
that no one stockholder shall be entitled to give
more than twenty-five votes at any election to be
held for the said president and directors.

Incorporated

Sec. 3. And be it enacted, That the said stock-
holders, their associates and successors from the
day of their first meeting as hereinbefore provided
'for, shall and they are hereby declared to be a
body corporate and politic by the name, style and
title of the Plum Point Wharf Company, and by
that name shall have perpetual succession, and
shall be capable in law to hold and dispose of pro-
perty, real, personal and mixed, fee simple or
leasehold, to sue and be sued, to plead and be im-
pleaded, to answer and defend, and be answered
and defended in any court of law or equity, and in
other place whatsoever, to receive and make deeds
and contracts, to make, have and use a common
seal, and to change, alter and renew the same at
pleasure, to ordain and establish such by-laws,
ordinances and regulations as may appear neces-
sary for regulating the concerns of the said corpo-
ration.

Meeting.

Sec. 4. And be it enacted, That the -president
and directors shall meet at such times and places
as they or a majority of them shall agree upon for
the transaction of the business of the company, a
majority of the whole board being a quorum, and
in the absence of the president, the directors pre-
sent may choose a chairman from among their own
body, and they shall keep a full and correct minute
of their proceedings, fairly entered in a book to be
kept for that purpose.

Vacancy,

Sec. 5. And be it enacted, That in case any
vacancy shall occur in the board of president and
directors by death resignation or otherwise, the
remainder of the board shall supply such vacancy
by appointment of such directors or president from