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Meeting of
stockholders.
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SEC. 5. And be it enacted, That there shall be a general
meeting of the stockholders annually, on the second Monday
in April, when a board of directors shall be elected by ballot,
to serve for one year or until their successors are elected and
qualified; and other meetings of the stockholders may be called
by the president or five directors, according to such rules as
may be adopted by said company; and the board of directors
may meet as often as may be necessary for the transaction of
the business of the company.
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Payment of
subscrip-
tions.
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SEC. 6. And be it enacted, That the president and directors,
for the time being, of said company, shall have power to call
for the payments of the subscriptions to the capital stock, as
they may deem necessary, under the penalty to the subscriber
of forfeiting all previous payments, thirty days' notice having
been previously given.
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May erect
lines of
wire, etc.
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SEC. 7. And be it enacted, That the said company hereby
formed shall have power and is hereby authorized to construct,
lay, operate and erect lines of wire for illuminating purposes,
heating and power, also to lay tubes for the using and supply-
ing electricity and electrical currents, and for all other purposes
to which electricity or magnetism may be applied, either above
or under ground or in pipes or otherwise over, under and along
the streets, squares, roads and alleys of the village of Brighton,
and within a radius of three miles from said village in Balti-
more county; and to that end to lay wires, tubes, conductors
and insulators, and to erect poles and posts, and to construct,
maintain, repair and remove, from time to time, all such lines,
pipes and appliances; provided, however, that in the con-
struction, maintenance, removal and repair thereof, the same
shall be done under such regulations as the town commission-
ers shall prescribe; also to purchase and lease property, real,
personal and mixed, water rights, powers and privileges, and
to erect thereon all suitable reservoirs, conduits, foundations,
engines and machinery, buildings and works of the company ;
to collect the water and dispose of the same for the purposes
hereinbefore stated : to excavate the ground and lay pipes for
water in said village and the county adjacent and contiguous
thereto; to receive subscriptions for the whole or any part of
the capital stock remaining unsubscribed, in such manner and
at such times as they may deem proper; to make and pay over
to the stockholders, from time to time, dividends of net profits
of the company; to make rules, regulations and by-laws for
the government of said company and its agents and officers,
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