PRIVATE ACTS. 1397

SEC. 5. And be it further enacted, That the stockholders of
said company shall hold annually a stated or regular meeting
for the election of a board of directors and for the transaction
of general business; the time and place of holding such meet-
ings, and the notice to be given thereof, and of the business to
be transacted thereat may be regulated by the by-laws; and it
shall be the duty of the president and directors .at said meeting
to make a report of the condition and business affairs of said
company; at any time in the interval between regular meetings,
special or extraordinary meetings of the shareholders or mem-
bers may be called by the president or a majority of the board
of directors, upon ten days' written or printed notice, stating
the place, day and hour of such meetings and the business pro-
posed to be transacted thereat; such notice shall be given to
each shareholder by leaving the same with him or at his resi-
dence or usual place of business, or by mailing it, postage pre-
paid, and addressed to him at his address, as it appears upon
the books of the corporation, and, in addition, such notice shall
be inserted at least twice in some newspaper published in the
county in which the principal office of the corporation is
located, and no business shall be transacted at such meetings
except that specially named in the notice.

SEC. 6. And be it further enacted. That upon the request in
writing delivered to the president or secretary, or any director,
of the holders of a majority of all the shares of stock outstand-
ing and entitled to vote, it shall be the duty of the president,
secretary or directors to call forthwith a meeting of the stock-
holders; such a request shall state the purpose of the meeting
and notice thereof shall be given as required by the next pre-
ceding section. If the person to whom such request in writing
shall have been delivered shall fail to call such meeting, then
the stockholders owning a majority of the voting shares of
stock or members constituting a majority of all the stockhold-
ers, may do so by giving fifteen days' notice of the time, place
and object of the meeting by advertisement inserted at least
twice in a newspaper published in the county where the princi-
pal office of said corporation is situated. At any meeting
called and warned under the provisions of this and the next
preceding section, any president, director, or directors, may,
by a vote of a majority in interest of all the stockholders, be
removed from office, and another or others be appointed in the
place of the person or persons so removed, to serve for the
remainder of his or their term or terms.

SEC. 7. And be it further enacted, That all meetings of the
stockholders shall be held within this State. A majority in
interest of all the stock outstanding and entitled to vote or a