694

LAWS -OF MARYLAND.

Officers to be
elected.

Sec. 2. And be it enacted, That there shall be a
meeting of the hereinbefore mentioned members of
the Hagerstown Stage Company on the first Mon-
day in April next, or at any other time and at
such place as six of the above named members
shall determine, due notice thereof having been
given to all, for the purpose of choosing a Presi-
dent, Secretary and Treasurer, who shall consti-
tute a Board for the management of the affairs of
said company, for one year thereafter, ana until a
new election shall take place; and that thereafter
the election of said President, Secretary and Trea-
surer shall take place annually, on the second
Monday of April, or as soon thereafter as may be,
not exceeding thirty days.

Capital stock.

Sec. 3. And be it enacted, That the capital stock
of said corporation shall be five thousand dollars,
divided into shares of twenty dollars each, and that
at all elections a member shall be entitled to one
vote for each share.

May make by-
laws.

Sec. 4. And be it enacted, That the said corpo-
ration be empowered to make all by-laws which it
may deem necessary for the more perfect carrying
out of its object, and to alter, amend or repeal the
same, in such manner as it shall determine, the
same not being inconsistent with the laws of the
United States, or of the State of Maryland.

In force.

Sec. 5. And be it enacted, That this act shall
take effect from the date of its passage.