PRIVATE ACTS. 1229

to time all such lines, poles, equipment and appliances; pro-
vided, however, that in the construction, maintenance, removal
and repair thereof when within the limits of any incorporated
town, the same shall be done under the supervision and by and
with the approval in writing first had and obtained of the
Town Commissioners thereof, and when within Caroline coun-
ty, the same shall be done under the supervision and by and
with the approval in writing first had and obtained of the
County Commissioners of Caroline county, and when within
Dorchester county, the same shall be done under the super-
vision and by and with the approval in writing, first had and
obtained, of the County Commissioners of Dorchester county.

SEC. 6. And be it enacted, That the directors of said cor-
poration shall have full power to adopt such by-laws, rules and
regulations for the direction and management of said cor-
poration as may in their judgment be necessary for the pur-
pose of their corporation, not inconsistent with the provisions
of this charter and the laws and constitution of this State and
of the United States, and the directors of said corporation, or
a majority of them, shall constitute, appoint and employ such
officers, agents and servants for the construction, preserva-
tion, operation and repair of said plant, property, line and
equipment, and the transaction of all other business of said
corporation, with full power to fix their compensation and to
remove at pleasure.

SEC. 7. And be it enacted, That should said directors deter-
mine to increase the capital stock of said corporation, as
authorized in the second section of this Act, they, or a majority
of them, shall give the same notice of the time and place of
subscribing such additional stock as is. provided in section 3
of this Act, preliminary to the election of directors, a president
and other officers.

SEC. 8. And be it enacted, That upon every subscription of
said stock, whether under section 2 or section 7 of this Act,
there shall be paid to the incorporators, or their agents, the
sum of ten dollars on each and every share subscribed; and the
residue shall be paid in such instalments and at such times
as the directors shall prescribe and require; and if any sub-
scriber shall neglect to pay any instalment for the space of
thirty days after the same shall be due and payable, the stock
on which it is due and demanded shall, at the discretion of
said directors, be forfeited to the corporation; provided, never-
theless, that nothing herein contained shall be construed to
prevent said corporation from suing for and recovering such
unpaid instalments in like manner as other debts and claims
are recoverable.