A. W. BRADFORD, ESQUIRE; GOVERNOR.

by the holder or holders of one-fifth of the stock of
said company, notice being given by advertisement
of the time and place of meeting, which place shall
always be in the city of Baltimore or in the city of
Cumberland, unless otherwise provided by the by-
laws of said company.

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Sec. 4. And be it enacted, That the said corpo-
ration shall have all the powers necessary, proper
and convenient for procuring timbers, lumber,
plants, boards, shingles and wood from the lands
of said company, or from the lands of other per-
sons, with their consent, and for preparing the
same for sale and for transporting the same to
market; and to that end shall have power to pur-
chase and hold real estate within Allegany county
aforesaid, and also to purchase and hold real es-
tate in other parts of the State, to such extent as
the Directors may deem necessary, useful or con-
venient in the transaction of the business of
said company, for offices, warehouses, depots or
other like purposes; and may also take land upon
lease, or upon contract, for purposes aforesaid; and
may erect saw mills, water mills, steam mills and
other buildings, which the Directors may deem
necessary, convenient or useful in the transaction
of the business of said company; and may con-
struct dams, improvements for slack water pur-
poses, railroads, train roads, plank roads and other
roads upon the lauds of said company, or upon or
through the lands of other persons with their con-
sent; and shall, in addition, have the power to ac-
quire and hold all such personal property as the
Directors may deem necessary, useful and conve-
nient; and shall have the power of using and im-
proving, of alienating, conveying, and otherwise
of disposing of any of the property of said com-
pany, real or personal, in the same manner as an
individual owner of said property might lawfully
do by the laws of the State.

Sec. 5. And be it enacted, That in all meetings
of said company each share shall be entitled to
one vote, to be given by the holder thereof in per-
son or by proxy; and said shares shall be deemed
personal estate, and shall be transferable in such
manner as may be provided by the by-laws of said
company.

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