|
A. W. BRADFORD, ESQUIRE, GOVERNOR.
|
267
|
|
orders and regulations as they may deem necessary
for the well governing of the said company; pro-
vided, none of the said by-laws, rules, &c., be
contrary to the Constitution and laws of this State
or of the United States.
|
Proviso.
|
|
Sec. 4. And be it enacted, That any corporation
or body politic may become stockholders in said
company.
|
May become
stockholders.
|
|
Sec. 5. And be it enacted, That after the first
meeting of the stockholders shall have been held,
as hereinbefore mentioned, there shall be a meet-
ing of the stockholders of said company held at
Sweet Air, or at such other place as the President
and. Directors may appoint, on the first Monday of
January, in each and every year after the said
first day of January, eighteen hundred and sixty-
five, when and where they shall elect, in the man-
ner prescribed in section three of this act, a Presi-
dent and five Directors, (any three of whom shall
constitute a quorum,) a Treasurer, and such other
officers as they may deem necessary for the ensuing
year, and until a new election, and may by a ma-
jority of votes present, adopt, add to, alter or
amend such by-laws, rules, orders and regulations
|
President and
Directors to be
elected annual-
ly.
|
|
as may be deemed necessary for the interest and
well governing the affairs of said company; pro-
vided, they contravene none of the laws, &c., as
mentioned in section third of this act.
|
Proviso.
|
|
Sec. 6. And be it enacted, That each share of
stock shall entitle the holder thereof to one vote
in the election of officers, &c.; provided, said per-
son or corporation hold no more than ten shares,
but when more than that number of shares are
held, the holder thereof shall only cast one vote
for every five shares, after casting the ten votes.
|
Stock — how
voted.
|
|
Sec, 7. And be it enacted, That the stockholders
in said company shall be and they are hereby in-
corporated and constituted a body politic, by the
name of the Dulaney's Valley and Sweet Air Turn-
pike Company, and by the same name shall have
succession during the continuance of this corpora-
tion, and the said stockholders and their succes-
sors, by the name, aforesaid, shall sue and be sued,
answer and be answered, in any court of law and
equity in this State; may have and use a common
|
Name of cor-
poration.
|
|
 |