620

LAWS OF MARYLAND.

CHAP. 338

by giving ten days' notice of the time and place of said
meeting in one newspaper published in Worcester county,
and also one newspaper published in the city of Baltimore.
And the said stockholders shall elect by ballot at such meet-
ing, or at any subsequent general meeting of said stockhold-
ers, five directors of said corporation, all of whom shall be
stockholders in said corporation, who shall hold office for
one year from the day of their election, and until their suc-
cessors shall be elected and qualified, and to conduct and
manage the affairs and business of said corporation; and the
said stockholders shall each be entitled to one vote for each
share they shall have and hold at the time of the said elec-
tion, and such election shall be made by such of the stock-
holders as shall attend said general meeting, either in per-
son or by proxy; and the directors of said corporation shall
be annually elected, and at such time and place as shall be
directed by by-law of said corporation.
SEC. 5. And be it exacted, That the directors so elected,
as soon after their election as practicable, shall elect one of

Officers to be
elected.

their number president of said corporation, and all other
officers, and the president and directors, or their successors,
in office, or a majority of them, assembled shall have full
power and authority to appoint, and at their pleasure dismiss
such clerk, treasurer, engineer and such other employees and
agents as they may deem expedient, and to fix their compen-
sation, and agree with any person or persons on behalf of
said company to cut said inlet or canal; to breed, plant and
take up oysters and shell fish as hereinafter provided, and
all such other work as they may judge necessary and expe-
dient for carrying out the provisions of this Act.
SEC. 6. And be it enacted, That when any vacancy or

Vacancies.

vacancies occur in the board of directors of said company
by death, resignation or otherwise, the remaining directors
shall choose others in their stead from the stockholders of
said company, who shall continue in office until the next gen-
eral election of directors.
SEC. 7. And be it enacted, That the said corporation is

Authority
given to
make a
canal or
inlet.

hereby authorized and empowered to cut, dig and make a
canal or inlet, of any width or depth it may deem neces-
sary or proper, at some point on the eastern border of
Worcester county, either north or south of Ocean Citv, or
Assawoman or Sinnepuxent bay, as the case may be, in order