746

LAWS OF MARYLAND.

CHAP 518.

suit or action at law, or in any other way and upon such terms
as they may deem proper.

Directors to
be elected.

SEC. 4. And be it enacted. That the president and
directors thus appointed or elected shall serve for one year
from the passage of this Act, or until their successors shall
be elected, and to continue the succession of said corpora-
tion ; and general meeting of the stockholders shall be held
annually on the first Monday in January, at which meeting a
board of four directors shall be elected be the stockholders
in said corporation, by ballot, to manage the affairs of said
company, which directors shall all be stockholders in said
corporation, and shall have power to elect a president from
among their number ; and in said election for directors and
all other elections by the stockholders of said company each
shareholder shall have or be allowed one vote for every share
owned by him or her, and every stockholder shall vote either
in person or by proxy ; and the directors so elected shall
serve for one year or until their successors shall be elected ;
and other meetings of the stockholders may be called by the
president and directors, or a majority of them, according to
such rules as may be adopted by the by-laws of said company,
and the board of directors may meet as often as may be
necessary for the transaction of the business of the company.

Authority to
adopt
by-laws,
rules, etc.

SEC. 5. And be it enacted. That the president and directors
of said corporation, or a majority of them, shall have power to
make and adopt, alter and amend such by-laws, rules and
regulations for the direction and management of such company
as may in their judgment, from time to time, be necessary for
the purpose of the corporation ; provided, they are not incon-
sistent with the constitution and laws of this State and the
provisions of this charter; and the president and directors of
said company, or a majority of them, shall have the power to
employ all such agents and servants as in their judgment may
be necessary for the construction, maintenance, repair and
preservation of the railway and other property of said com-
pany, and the running of cars and transportation of passengers
thereon, and for the transaction of the business for which it is
incorporated.

Authority to
construct
a single or
double track
railroad, etc.

SEC. 6. And be it enacted, That the company hereby incor-
porated shall have the power to make, construct and maintain
a railroad, double or single tracks and siding, as they may
deem expedient for the transportation of passengers and
freight in cars propelled by electricity in Cecil county, begin-
ning for the same at Fort Deposit in said county, thence run-
ning via Zion to the Delaware line at or near Iron Hill or
Fox Chase, and thence to Rising Sun via Elkton, North East,