20

LAWS OF MARYLAND.

titled to one vote for each share of stock by him,
her or them held; and in case it shall happen that
an election of President and Directors should not
be made upon any day when, pursuant to the
provisions of this act, such election should have
been made, said corporation shall not for that cause
be dissolved, but it shall be lawful on any other
day, within thirty days, to hold and make an elec-
tion as aforesaid.

Instalments —
how paid.

Sec. 7. And be it enacted. That the President
and Directors, or a majority of them, shall have
full power and authority to call upon the subsribers
to the capital stock of said company for the pay-
ments of the respective amounts subscribed for in
instalments of such amount and at such times as

Proviso.

the board may appoint; provided, they shall give
public notice of the day on which the payment
shall be made, at least fifteen clays previous to said
day, and in case any stockholder shall refuse or
neglect to pay such portion of his, her or their sub-
scription at the time appointed, the President and
Directors may proceed to recover the same by due
process of law.

Funds.

Sec. 8. And be it enacted, That all money be-
longing to said company shall be paid into the
hands of the Treasurer of said company, and the
same shall be paid out by him on the order of the
President and Directors, signed by the President.

Power to con-
tract.

Sec. 9. And be it enacted, That the President
and Directors, or a majority of them, shall have
full power and authority to contract for and cause to
be erected the bridge aforesaid, and are authorized
to select such site for said bridge at or near paid
"Stevens' Ferry," as they, or a majority of them,
may deem most safe and convenient ; and they, or
a majority of them, shall have full power and au-
thority to agree with and appoint such engineers,
superintendents and other officers, as they may
think necessary, to construct said bridge, and to
contract and agree for materials and all such arti-
cles as they may deem necessary, and may draw
upon the Treasurer of said company for money to
pay the wages or salaries of all persons by them
employed, or for materials furnished.

Draw to be

erected.

Sec. 10. And be it enacted, That the said Pres-
ident and Directors shall cause to be built and kept