THOMAS W. VEAZEY, ESQUIRE, GOVERNOR,

1836.

al succession, and shall be capable in law to have, pur-
chase, receive, possess and enjoy to them and their
successors, lands, tenements, heriditaments, goods',
chatties and effects, of what kind, nature or quality so-
ever, and the same to grant, convey and dispose of; to
sue and be sued, plead and be impleaded, answer and
be answered, defend and be defended, in any court of

alter and renew at pleasure, and also to ordain, estab-
lish and put into execution, such by-laws, ordinances

ent for the government of the said corporation, and the
management and conduct of their affairs: provided, the
same be not contrary to the laws and the contitution
of the State of Maryland, or of the United States.

CHAP. 158.

SEC. 4. And be it enacted, That whenever the said
number of six hundred shares shall have been subscrib-
ed, the said company or a majority of them, shall call
a general meeting of the subscribers, to be held at the
town of Cumberland, in Allegany county, or such place
as may be fixed upon, and such of the said subscribers

Meeting to or-

ganise

as shall be present at the said meeting, or a majority
of them, shall be empowered to elect a president and
nine directors, to manage the affairs of the company for
one year, and until a new election of president, and di-
rectors shall be had, in the manner directed by the by-
laws of the company: provided, that no subscriber
shall be entitled to vote at said meeting, unless own-
ing four shares, and for every four shares to be enti-
tled to a vote.

Elect officers

SEC. 5. And be it enacted, That the said President
and Directors, shall have power to appoint the time,
and direct the manner of holding the election for Pre-
sident and Directors, which election shall be annual;
may provide for calling the general meeting of the
stockholders, may provide the mode of transferring the
stock of the company, and of furnishing evidences of
the ownership of shares of said company; may have
authority to fix the amount of toll to be paid by per-
sons using or passing along, and on said road.

Power of presi-
dent and direc-

tors

SEC. 6. And be it enacted, That the President and
Directors who may be chosen, in the manner herein
before provided for, be, and they are hereby authoriz-

Authority to
contract