1272

LAWS OF MARYLAND.

CHAP. 754

SEC. 2. And be it enacted, That as soon as one hundred
shares of the capital stock of the company created by this

President and
directors
elected.

Act shall have been subscribed, the said commissioners or a
majority of them shall call a meeting of the subscribers to
said capital stock, who shall proceed in person to the elec-
tion by ballot of one president and four directors from
among their own body to manage the affairs of said company
for one year from the day of their election and until a new
president and directors shall be elected and qualified.
SEC. 3. And be it enacted, That the said stockholders, their
associates and successors, from the day of their first meeting,

Body
corporate.

as hereinbefore provided for, shall and they are hereby
declared to be a body corporate and politic by the name,
style and title of the Severn River Bridge Company, and by
that name shall have succession, may sue and be sued, plead
and be impleaded, answer and be answered unto, in any
court of law or equity in this State.
SEC. 4. And be it enacted, That the president and directors
shall meet at such times and places as they or a majority of

Place of
meeting.

them shall agree upon for the transaction of the business of
the company, a majority of the whole board being a quorum ;
and in the absence of the president the directors present
may choose a chairman from among their own body, and
they shall keep a full and correct minute of their proceed-
ings fairly entered in a book to be kept for that purpose.
SEC. 5. And be it enacted, That in case any vacancy shall
occur in the board of president and directors by death, resig-

Vacancy
supplied.

nation or otherwise the directors shall supply such vacancy
by appointment of such directors from among the stock-
holders to serve the remainder of the term which said
vacancy had occasioned; and said president and directors
shall have full power and authority to appoint a treasurer
and all other officers they shall deem necessary, and shall
determine the nature and amount of surety to be given by
any such officer, and they shall have full power and authority
to make and establish all such by-laws, rules and regulations
not inconsistent with the constitution and laws of the United
States and this State that shall or may be necessary for the
well being, ordering and directing the offices of said company.
SEC. 6. And be it enacted, That the stockholders of said
company in one year from and after the day on which the
first election for president and directors shall be held as