916

LAWS OF MARYLAND.

		previous notice of the time and place thereof, in some news- paper published in Baltimore county, and said stockholders shall elect by ballot at such meeting, directors of said corpora-
	Directors.	tion, 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 successors shall be elected and quali- fied, to conduct and manage the affairs and business of said corporation; said stockholders shall each be entitled to one vote for each share of stock they shall hold at the time of such election; and such election shall be made by such of the stock- holders as shall attend such general meeting, either in person or by proxy; and the directors of said corporation, except for the first year, shall be annually elected by the stockholders in general meeting, and at such time and place as shall be directed by the by-laws of said corporation.
	To elect president	SEC. 4. And be it further enacted, That the directors so elected shall, as soon after their election as practicable, elect one of their members president of said corporation, and the said president and directors, or their successors in office, or a majority of them, shall have full power to appoint and at their
	Employes.	pleasure to dismiss such clerks, treasurer, engineer or engi- neers, superintendents and such other officer or agents as they may deem expedient, and to fix the compensation or salary of
	Vacancies.	all officers or employees of the company; and if any vacancy or vacancies shall occur in the office of president or in the board of directors of said company by death, resignation or otherwise, the remaining directors shall choose another presi- dent or directors in their stead from the stockholders of said company, who shall continue in office until the next general election of directors.
	Principal office.	SEC. 5. And be it further enacted, That the principal office of said corporation shall be in Baltimore county, where all meetings of said company and the directors shall be held, at such times as may be fixed upon by the by-laws for the trans- action of the business of the company; and correct minutes of all proceedings shall be kept and entered in a book, to be open to the inspection of any stockholder.
	May build bridge.	SEC. 6. And be it further enacted, That the said corpora- tion, after being organized as hereinbefore provided, may construct and thereafter keep in repair a bridge over Back river, at New Warsaw, in Baltimore county, from said New Warsaw to a point on the opposite or other bank or side of