PRIVATE ACTS. 1329

quired, if so authorized by the majority of stockholders, for the
security and payment of said mortgage bonds and other obliga-
tions of said company; but no such bonds shall be issued until
the same shall have been authorized by a resolution adopted by
a majority of the stockholders of the company at a regular or
special meeting thereof duly called.

SEC. 7. And be it further enacted, That the said Short Line
Terminal Company shall be authorized to lay down tracks,
either broad or narrow gauge, as its directors may deem best,
and to operate and run its trains and rolling stock of every
kind by the use of steam, electricity or any other improved
motive power as the directors may adopt; but within the city
of Baltimore steam shall be used as a motive power only to the
extent that may be authorized by the municipal authorities.

SEC. 8. And be it enacted, That the president and said direct-
ors of said company appointed by this' Act shall serve until
their successors are duly elected at a general meeting of the
stockholders of the company, which meeting shall be called at any
time upon the written request of the holder or holders of a ma-
jority of the stock of said company, and thereafter the directors
shall hold office for such term as may be fixed by said stock-
holders. At said general meeting for electing directors, five
directors shall be elected to manage the affairs of the company,
with the right to increase the same from time to time to a num-
ber not exceeding eleven; which directors shall have power to
elect a president from among their number and to appoint such
officers and agents in their discretion as the business of the com-
pany may require, and at said election for directors and at
all other elections by the stockholders of said company each
shareholder shall have or be allowed one vote for every share
owned by him or her, and every stockholder shall vote either in
person or by proxy. Other meetings of stockholders may be
called by the directors or a majority of them, according to such
rules as may be adopted by the by-laws of said company, and
the directors shall meet as often as necessary for the transac-
tion of business.

SEC. 9. A.nd be it further enacted, That the said corporation
shall, as soon as convenient after its organization, establish a
principal office either in the city of Baltimore or in Baltimore
county, and change the same at pleasure, giving public notice
in some newspaper of such establishment or change; provided,
however, that nothing herein contained shall in any way con-
flict with the provisions of chapter 457 of the Acts of 1906; and
provided, further, that the said Short Line Terminal Company ,
shall not cross the line of the Baltimore Terminal Company at