A. W. BRADFORD, ESQUIRE, GOVERNOR

in value of the stockholders of said company are
not present in person, or by proxy, such meeting
shall be adjourned, from day to day, without trans-
acting any business for any time not exceeding
three days, and if within said three days, stock-
holders having a majority in value of the stock Sub-
scribed do not thus attend, such meeting shall be
dissolved.

309

Sec. 6. And be it enacted, That at the regular
annual meetings of the stockholders of said com-
pany it shall be the duty of the President and Di-
rectors in office for the preceding year to exhibit a
clear and distinct statement of the affairs of the
company; that at any called meetings of the stock-
holders or a majority of those present may require
similar statements from the President and Direc-
tors, whose duty it shall be to furnish them when
thus required, and that at all general meetings of
the stockholders a majority in value of all the
stockholders in said company may fill any vacancy
that may occur in the office of Directors, and may
remove from office any President or any of the Di-
rectors of said company and may appoint others in
their stead.

Duty of Presi-
dent and Di-
rectors.

Sec. 7. And be it enacted, That the said Presi-
dent and Directors, or a majority of them, may
appoint all such officers, engineers, agents or ser-
vants whatsoever, as they may deem necessary for
the transaction of the business of the company,
and may remove any of them at their pleasure;
that they or a majority of them shall have power
to determine by contract, the compensation of all
the engineers, officers, agents or servants in the
employ of said company, and to determine by their
by-laws the manner of adjusting and settling all
accounts against the company, and als,o the man-
ner and evidence of transfers of stock in said com-
pany, and that they, or a majority of them, shall
have power to pass all by-laws which they may
deem necessary or proper for exercising all the
powers vested in the company hereby incorporated,
and for carrying the objects of this act into effect;

May appoint
officers, &c.

provided, only, that such by-laws shall not be con-
trary to the laws of the United States and of the
State of Maryland, or any of the provisions of this
act.

27

Proviso.