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CHAP. 588
Shareholder
allowed one
vote.
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the directors; and in said election and all other elections by
the stockholders of the said company each shareholder shall
be allowed one vote for each share of stock held by him or
her, and every stockholder may vote, either in person or by
proxy; and the said incorporators, or a majority of them,
shall be judges of the first election of directors; and until the
first election for directors, as herein provided for, the said
incorporators shall be the directors of said corporation, with
full power and authority to act as such.
SEC. 4. And be it enacted, That the president and directors
elected at the first meeting of said stockholders shall serve
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Board of
directors
elected.
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until the second Monday in April thereafter, or until their
successors shall be elected; and to continue the succession
of said corporation a general meeting of the stockholders
shall be held annually on the second Monday in April, at
which meeting a board of directors shall be elected in the
manner aforesaid, to serve for one year until their successors
shall be elected, and other meetings may be called of the
stockholders by the president and directors, or a majority of
them, according to such rules as may be adopted by the
by-laws of said corporation; and the board of directors may
meet as often as may be necessary for the transaction of the
business of the corporation.
SEC. 5. And be it enacted, That the corporation hereby
formed, shall have the power and is hereby authorized to
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Authority to
lay, operate
and erect
lines of wire
for illumi-
nating
purposes.
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construct, lay, operate and erect lines of wires for illuminat-
ing purposes; also to lay tubes for using and supplying
electricity and electrical currents, and for all other purposes
to which electricity or magnetism may be applied, either
above ground or under ground, or in pipes or otherwise,
over, under and along the streets, squares, lanes, roads,
public highways, bridges and alleys of any of the towns in
Montgomery county, and to that end lay wires, tubes, con-
ductors and insulators, and erect poles and posts, and con-
struct, maintain, repair and remove from time to time all
such lines, pipes and appliances; provided, however, that
in the construction, maintenance, removal and repair thereof,
when within the limits of any incorporated town in said county,
the same shall be done under the supervision of the town
authorities of such town; and they shall also have power to
purchase and lease property, real and personal, water rights,
powers and privileges, and to erect thereon all suitable
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