188

LAWS OF MARYLAND.

at any time happen that an election of any one or
all of the officers of said company shall be not
made for the cause, shall not be deemed to be
dissolved, but it shall be lawful to hold and make
such election for President and Directors, Treas-
urer and other officers, on the same day, 6r any
day thereafter, by giving at least ten days notice
thereof, signed by the President or Secretary, in
the newspapers, as before mentioned, of the time
and place of holding said election; and the Presi-
dent and Directors, and others last elected, shall
continue to act, and be invested with all the
powers belonging to their respective situations,
until another election shall take place; in case of
death, resignation, refusal or neglect to act, or
removal from the State, of any officer, his place
shall be filled by the Board of Directors, until the

Proviso.

next annual election; provided, the removal from
the State of any Director may not operate to vacate,
should there be a majority of the Directors still
residing in the State, and owners of property bind-
ing on said road.

Four Direc-
tors to form a
quorum.

Sec. 6. And be it enacted, That the President
and Directors shall hold their meetings at some
convenient place on said road, as the stockholders
shall direct, and, when met, four shall form a
quorum, who, in the absence of the President,
may choose a Chairman; and the said Directors
shall annually or oftener, in case of a vacancy, ap-
point a Secretary, who shall keep minutes of their
transactions fairly entered in a book, and a quo-
rum of the Directors being found present, they
shall have power and authority to appoint all
such surveyors, engineers, superintendents, and
other artists and officers as they may deem neces-
sary to carry on the intended work, and to fix
their salaries and wages, to ascertain the time,
manner and proportion in which the said stock-
holders shall pay the money due on their respec-
tive shares, to draw orders on the Treasury for
the same, which shall be signed by the President
and countersigned by the Secretary.

Certificates
of stock.

Sec. 7. Be it enacted, That the President and
Directors shall procure certificates or evidence
of stock for all the shares of said company, and
shall deliver one such certificate, signed by the
President and countersigned by the Secretary, and