PRIVATE ACTS. 1403

for one year, or until their successors are chosen; and said
board of directors, immediately after their election, for the
purpose of organization, shall elect a president, a vice-presi-
dent, who may be made the general manager of the company,
and a secretary and a treasurer; the president and vice-presi-
dent, secretary and treasurer shall be chosen from among the
directors; and the office of secretary and treasurer may be
filled by the same person; the president, with the consent of
the board of directors and their successors, or a majority of
them, shall have full power and authority to appoint, employ
and compensate and at his discretion to remove such officers,
agents or servants as he may deem necessary in the business of
said corporation; also to purchase and hold such real and per-
sonal property, materials, cars, machinery, implements, privi-
leges, easements and franchises within Garrett county, and to
purchase or erect all such machinery, buildings or other im-
provements as may be necessary to carry into effect the object
of said corporation, and the same or any part thereof, to sell,
lease or otherwise dispose of at their discretion; also to pre-
scribe the issuing and transferring of stock at their discretion
and the evidences thereof, and to do what may be necessary
to carry out the object of this Act, not contrary to any by-laws
adopted at any general or special meeting of the stockholders
of said corporation, and a quorum for the transaction of busi-
ness shall consist of a majority of said directors, and in case
a vacancy shall occur in the presidency or directorship of said
corporation the remaining directors shall have power to fill
such vacancy by appointing some stockholder to that office
until the next annual meeting of the stockholders for the choice
of directors; all meetings, general and special, or otherwise, of
the stockholders, shall be held at the principal office or place
of business of said corporation, but the board of directors may
hold meetings within or without the State of Maryland, as the
business of said company may require, and the manner of hold-
ing the same to be fixed by the by-laws of said company, and it
is further provided that nothing herein contained shall be con-
strued as a removal of the present board of directors of said
corporation, but the same shall continue in office until their
successors are duly elected as herein provided.

SEC. 8A. And be it further enacted, That in the interval be-
tween regular meetings, extraordinary meetings of the stock-
holders or members may be called by the president or by 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 proposed to be transacted thereat; such no-
tice shall be given to each stockholder by leaving the same