THOMAS SWANN, ESQUIRE, GOVERNOR.

293

tained for the same, or to invest the proceeds there-
of in the bonds of the State, authorized by the act of
eighteen hundred and sixty-five, chapter thirty-
three, known as the defense loan; provided, that
the said sales shall not be for less than the par
value of said stocks, and to effect such disposition
they or any two of them are hereby authorized to
sell at public auction, at such times and in such
amounts as they may deem most advantageous to
the State's interest, or to advertise for proposals to
purchase the same; provided, that the same shall
not be sold to any bidder or bidders, if in the judg-
ment of the said officers or any two of them, the
said stocks should not be disposed of at the price
or prices offered.

Provisoes.

Sec. 4. And be it enacted, That this act shall
take effect from its passage.

In force.

CHAPTER 171.

AN ACT supplementary to an Act entitled, an
Act to incorporate the Baltimore and Cuba
Smelting and Mining Company, passed at De-
cember Session eighteen hundred and forty-four

Passed Feb.
7, 1866,

SECTION 1. Be it enacted by the General Assembly
of Maryland, That after the first day of June, in
the year eighteen hundred and sixty-six, the affairs
of the said Baltimore and Cuba Smelting and
Mining Company, incorporated under and by vir-
tue or the act of eighteen hundred and forty-
four, chapter two hundred and thirty-one, of the
laws of this State, shall be managed, and all its
powers be exercised, by eleven directors, which
said directors shall be chosen by the stockholders,
and the said directors shall elect a president of said
company from among themselves, and shall also
appoint a vice president, and shall allow the said

Affairs — how
managed.