JOSEPH KENT, ESQUIRE, GOVERNOR.

1827

commissioners or any three or two of them shall be judges,
and shall certify under their hands the names of the persons
elected managers, and each stockholder shall be entitled to one

CHAP 200

vote for every share of stock he shall hold at all elections
and meetings of the stockholders, and the commissioners af-
ter paying the expenses in giving notices and receiving sub-
scriptions of stock out of the money received by them at the

1 vote for every
share.

time of subscribing, shall pay over the balance, and deliver
the subscription book or books to the managers, or to such
person as a majority of them shall appoint.

Pay over

Sec. 2. And be it enacted, That the subscribers for the said
capital stock and their assigns as stockholders, are hereby in-
corporated and created a body politic and corporate, by the
name of the Port Deposit and Chesapeake Turnpike Road
Company, and by that name shall have perpetual succession,
and be capable in law and equity of suing and being sued,
pleading and being impleaded, of answering and being an-
swered, of buying, holding, using or disposing of and convey-
ing estates, real, personal and mixed, and all kinds of property
and effects, and may make, have and use a common or corpo-
rate seal, and the same may alter and renew; and generally
may do and perform all such other acts, matters and things in
relation to the powers hereby vested in them for the purposes
mentioned in this act, as any other corporate body may law-
fully do.

Company incorpo-
rated.

SEC. 3. And be it enacted, That the stockholders in said
company shall meet on the first Monday in May, eighteen
hundred and twenty-nine, and on the first Monday in May in

Annual meeting.

each succeeding year, for the purpose of choosing five mana-
gers as aforesaid, for the ensuing year, ia manner aforesaid,
and at such other times as they shall be summoned in such
manner, and form as shall be prescribed by the by-laws of
the said corporation; at which annual or special meetings, they
shall have full power and authority to make, alter or repeal, by
a majority of votes in manner aforesaid, all or any of the by-

Election of officers

laws, rules, orders and regulations made as hereinafter pro-
vided, and to do and perform any other corporate act herein
authorised, and the managers of the said company or a ma-

Make general re-
gulations.

jority of them, shall have power to appoint judges of all elec-
tions, and to elect a president of said company, either from a-
mong the directors or stockholders, and to allow him a com-
pensation for his services, if they shall deem it proper; and it
any vacancy shall occur by death, resignation, refusal to act,

Judges or election

Election of presi-
dent

or removal from Cecil county of any president or manager, a
stockholder may be elected toy the, managers to .fill such va-
cancy, until the next annual election, and all elections which
are by this act, or shall by the by-laws of the company be re-
quired to be made on a particular day, or at a particular time,
if not made on such day or at such time, may be made at any
time within thirty days after the time limited, and after such
notice as the by-laws or a majority of the managers shall pro-
vide.

Vacancies.