A. W. BRADFORD, ESQUIRE, GOVERNOR.

shall be made at such places and in such manner
as shall be designated by the President and Board
of Directors of said company.

357

Sec 3. And be it exacted, That the affairs of
said company shall be managed by a President
and five Directors, who shall be chosen annually
by the stockholders, to serve for one year and
until then successors shall be elected, and in case
of any vacancy occurring in the Presidency of
Ditectors of said company, the remaining Direc-
tor's shall have power to fill such vacancy until
the next general meeting of the stockholders shall
be Held, and until the first election of President
and Directors shall be held, as herein provided,
the said William P. Maulsby shall be the Presi-
dent, and the said John E. Smith, John A.
Lynch, Dr. Somerset &. Waters, Robert Sell-
man, Dr. James G. Linthicum, snail be the
Directors of said company, who, of a majority 6f
whom, shall have full power and authority to
manage the affairs of said company, and to appoint
such officers and agents as may be necessary for
that purpose.

Management
of affairs.

Sec. 4. And be it enacted, That a general melt-
ing of the stockholders shall be held as soon as
the company is organized, and thereafter at such
times and places as the said President and Direc-
tors may determine.

Meeting of
stockholders.

Sec. 5. And be it enacted, That nothing herein
contained shall authorize said corporation to issue
any note, token or device to be used as currency.

Banking pro-
hibited.

Sec. 6. And be it enacted, That all the property,
estate and stock of said company, shall be bound
and answerable for any and all contracts or en-
gagements made or liability incurred by the
Directors thereof, or through their agency, or, by
their authority, and service of any judicial process
upon the President or any one of the Directors
shall be a sufficient service upon the corporation.

Property of
company lia-
ble.

Sec. 7. And be it enacted, That this act shall
take effect from the date of its passage, and that
the General Assembly reserves the right to alter;
attend or repeal this act at pleasure.

To take effect.