HENRY LLOYD, ESQUIRE, GOVERNOR.

the affirmative vote of at least six members of
the Board shall be requisite in making any
order for or authorizing an investment of
money, or the sale or transfer of any stock or
securities belonging to the corporation, or
appointment of any officer receiving any salary
therefrom.

SEC. 4. And be it enacted, That all vacancies
by death, resignation or otherwise, in the office
of Directors, shall be filled by the Board by
ballot, without unnecessary delay, and at least
six votes shall be necessary for the election of
a Director; and the said Directors shall hold
regular meetings at least once in each month,
to receive the reports of their officers as to the
business and affairs of the corporation, and to

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transact such business as may be necessary,
and any Director omitting to attend the regu-
lar meetings of the Board for six months in
succession, may thereupon, at the election of
the Board, be considered as having vacated his
place, and a successor may be elected to fill
the same; the Superior Court of Baltimore city
may, at any time, for due cause, remove any
Director, on proper notice to such Director, and
affording him an opportunity to be heard in
his defence.

SEC. 5. And be it enacted, That the Board of
Directors of said corporation shall have power
from time to time to make such by-laws, rules
and regulations as they shall judge proper for
the election of their officers, for prescribing
their respective functions, and the mode of

Vacancies.

discharging the same, for the regulation of the
times of meetings of the Officers and Directors,
and generally for transacting, managing and
directing the affairs of the corporation; pro-
vided, such by-laws, rules and regulations are
not repugnant to this act, or to the Constitu-
tion or Laws of this State, or of the United
States.

SEC. 6. And be it enacted, That the Treasurer
and agents of said corporation shall, respect-

By-laws.