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Appointment of
officers
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said rates to the original rates herein before prescribed.
Sec. 18. And be it enacted, That the said president and
directors, or a majority of them, may appoint all such offi-
cers, engineers, agents or servants whatsoever, as they may
deem necessary for the transacting of the business of the
them at their pleasure; they, or a majority of them, shall
have power to determine by contract the compensation of
all the engineers, officers, agents or servants, in the employ
of said company, and to determine by their bv-laws, the
manner and evidence of transfers of stock in said company;
and they, or a majority of them, shall hare power to pass
all by-laws which they may deem necessary or proper for
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Proviso
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exercising the powers granted by the act incorporating the
said company, and also all the powers herein granted; Pro-
vided, that such by-laws shall not be contrary to the laws
of the United States, or of this state.
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Meeting of stock-
holders of turn-
pike road to decide
on subscription to
railroad
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Sec. 19. And be it enacted, That the president and ma-
nagers of the Washington and Baltimore Turnpike Road
Company, be and they are hereby authorised and required,
to call a meeting of the stockholders of said company, at
such time and place as they may deem convenient, after
giving at least thirty days notice by advertisement publish-
ed in two of the newspapers printed in the city of Baltimore
and two in the city of Washington, for the purpose of de-
ciding whether the said company will subscribe in the man-
ner and upon the terms hereinafter mentioned, to the stock
of the Baltimore and Washington Rail Road Company; and
if at such meeting the proprietors of the major part of the
stock of said company shall attend in person, or by proxy,
and decide that the said turnpike road company will subscribe
as aforesnid, then the president and directors are hereby au-
thorised and empowered to subscribe, at any time within
six months from the passage of this act, for stock in the
company hereby incorporated, and to pay for the same by
the transfer of the stock of the said turnpike road company,
at its fair value at the time of the passage of this act, which
value may be agreed on and fixed by the said companies,
and if the fair value cannot be agreed on by the said com-
panies, then eacli of them shall choose one disinterested
person, and the persons so chosen shall select a third per-
son, which three persons, having first qualified in the man-
ner hereinafter mentioned, shall proceed to consider and
decide upon the value of said stock, and the decision of
such persons, or any two of them, under their hands and
seals, shall be final and conclusive as to the value of said
stock; and the number of shares of stock in the company
hereby incorporated, corresponding with the valuation so
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