1826

LAWS OF MARYLAND.

CHAP. 159.

votes determine which of the persons, so having an equal
number of votes, shall be the director or directors so as to
complete the number required; and the said directors, so
chosen, shall elect one of their number, or one of the stock-
holders, to be the president of the said company, who may
preside at the meetings of the directors; and if any vacancy
shall be occasioned in the board of directors by death, resig-
nation, or otherwise, the same shall be filled for the remain-
der of the term, in which it may happen, by such person or
persons among the stockholders, as the remainder of the di-
rectors may appoint; and in case it shall at any lime happen
that an election of directors shall not be made on the day
when pursuant to this act it ought to have been made, the said
corporation shall not tor that reason, or for any no'n-user, be
deemed dissolved, but it shall and may be lawful on any other
day to hold an election of directors, as the by-laws shall pro-
Tide, or the directors last elected, or a majority of them, shall
authorise; Provided, that at least one election be made an-
nually.

Objects of compa-
ny

Sec. 4. And be it enacted, That the objects for which
the Canton Company of Baltimore aforesaid are incorporated,
and which the said company are hereby authorised to effect,
are the improvement, in such manner as shall be conforma-
ble to the laws of this state, and not contrary to, or incon-
tion of the city of Baltimore, or of any citizen or citizens of
this state, or the United States, of any lands and appurte-
nances which shall belong to the said company, by laying out
into lots, streets, squares, lanes, alleys, and other divisions,
or near to any navigable water, and erecting, constructing,
or making thereon, all such wharves, ships, boats, and other
vessels, workshops, factories, warehouses, stores, dwellings,
and such other buildings and improvements as may be found
or deemed necessary, ornamental or convenient; and letting,
any lot, or other portion of any of the said lands, for agri-
cultural, mining or manufacturing purposes; or any wharf,
house, or other building or improvement, to be used by any
mechanic or artizan, or other person, whether in the employ
of the said company or not, in carrying on any lawful trade,

Proviso

business or manufacture, authorised or permitted by the laws
of this state; Provided, that in laying off streets, squares,
lanes, alleys or other divisions, no infringement be made on
the plan of the city of Baltimore, as laid out by the commis-
sioners under the act passed at December session 1816,
chapter 200; And provided also, that the said company, and
its agents, shall in all cases whatsoever be subject to and ob-
serve the ordinances of the city of Baltimore within the
limits of said city.