94

LAWS OF MARYLAND.

trust for and to the use and benefit of any other
person, and in all voting by proxy the proxy shall
be constituted and evidenced by writing.

Election of
officers— how
conducted.

Sec. 7. And be it enacted, That the election of
officers aforesaid shall be conducted in the follow-
ing manner, that is to say: the President and Di-
rectors for the time being, shall appoint throe of
of the stockholders not being Directors, to be
Judges of the said election, and to conduct the
same after having severally taken and subscribed
an oath or affirmation before a Justice of the
Peace, fairly and impartially, and according to
law, to conduct such election, and the said Judges
or a majority of them shall decide upon the quali-
fication of the voters, and when the election is
closed, shall count the votes and declare who has

Not to be
deemed dis-
solved.

been elected; and if it shall at any time happen
that an election of any or all of the officers of this
said company shall not be made, the corporation
shall not for that cause be deemed to be dissolved,
but it shall be lawful to hold and make such elec-
tion of President, Directors or Treasurer, on the
same day, or upon any day thereafter by giving at
least ten days notice, signed by the President
or Secretary, in the newspapers aforesaid, of the
time and place of holding said election, and the
President, Directors and Treasurer last elected,
shall continue to act and be invested with all the
power belonging to their respective offices until
another election shall be made, and in case of the
death, resignation, refusal or neglect to act,, or re-
moval from the State of any officer, his place shall

Proviso.

be filled by the Board of Directors until the next
annual election; provided, the removal from the
State of any Director shall not operate to vacate
his place, should there he a majority of the Direc-
tors still residing in the State.

Oath.

Sec. 8. And be it enacted, That the President
and Directors of the said company, before entering
upon the discharge of their duties shall be several-
ly sworn or affirmed, diligently and faithfully to
discharge the trust reposed in them by this act;

Meetings.

they shall hold their meetings in the town of Cam-
bridge., or in such other place or places as the
stockholders shall direct, and when met, a majority
of them shall constitute a quorum, who in the
absence of the President may choose a chairman,
and in all meetings of the President and Directors,